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The efficiency of early warning indicators for financial crises
Rabe, Jens Michael - 2000
The banking and currency crises of the last two decades inflictedsubstantial financial, economic, and social damage on thecountries in which they originated. In this work, the efficiencyof early warning indicators for these disastrous economic eventsis evaluated. An analysis of the traditional...
Persistent link: https://www.econbiz.de/10009471830
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Demand and supply determinants of loan contract terms in small business lending
Kirschenmann, Karolin - 2010
verbessern.Kapitel 5 beschäftigt sich schließlich mit dem Einfluss der jüngsten Finanzkrise auf die Kreditverfügbarkeit für KKMU …
Persistent link: https://www.econbiz.de/10009476202
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How to Exit From Fixed Exchange Rate Regimes?
Aşıcı, Ahmet Atıl; Ivanova, Nadezhda; Wyplosz, Charles - Institut für Schweizerisches Bankwesen <Zürich> - 2007
Even though they can last for decades, fixed exchange rate regimes are increasingly seen as temporary arrangements, (Eichengreen, 1994). The hollowing out hypothesis, see, e.g. Fischer (2001), holds that fixed but adjustable exchange rate regimes of various kinds are scheduled to disappear in...
Persistent link: https://www.econbiz.de/10005858214
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The Success of Currency Reforms to End Great Inflations:An Empirical Analysis of 34 High Inflations
Bernholz, Peter; Kugler, Peter - Wirtschaftswissenschaftliches Zentrum <Basel>
The estimation of an ordered probit model for currency reforms trying to end 31hyperinflations and three big inflations …
Persistent link: https://www.econbiz.de/10005867787
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Informational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices
Altman, Edward; Gande, Amar; Saunders, Anthony - 2003
This paper examines the informational efficiency of loans relative to bonds surrounding loan default dates and bond default dates. We examine this issue using a unique dataset of daily secondary market prices of loans over the11/1999-06/2002 period.(...)
Persistent link: https://www.econbiz.de/10005846906
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A comprehensive approach for currency crises theories stressing the role of the anchor country
Ganz, Verena - 2008
The approach is based on the finding that new generations of currency crises theories always had developed ex post after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation of currency crises models argues based on the assumption...
Persistent link: https://www.econbiz.de/10009433694
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The Economics of Currency Crises and Contagion: An Introduction
Pesenti, Paolo A.; Tille, Cédric - Federal Reserve Bank <New York, NY> - 2000
[...]We begin by discussing the so-called first generation ofmodels, in which crises are viewed in the literature as theunavoidable result of unsustainable policies or fundamentalimbalances. Next, we survey the literature on the secondgeneration of models, which highlights the possibility of...
Persistent link: https://www.econbiz.de/10005869910
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FOREIGN DIRECT INVESTMENT AND EXCHANGERATES: A CASE STUDY OF U.S. FDI IN EMERGINGMARKET COUNTRIES
Udomkerdmongkol, Manop; Görg, Holger; Morrissey, Oliver - University <Nottingham> / Department of Economics - 2006
This paper investigates the impact of exchange rates on US Foreign Direct Investment (FDI)inflows to a sample of 16 emerging market countries using panel data for the period 1990-2002. Threevariables are used to capture separate exchange rate effects. The nominal bilateral exchange rate tothe...
Persistent link: https://www.econbiz.de/10005868663
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On crisis models: An alternative crisis definition
Eliasson, Ann-Charlotte; Kreuter, Christof J. - 2001
In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...
Persistent link: https://www.econbiz.de/10005843732
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Financial Integration And Domestic Sovereignty In European Stock Markets
Chambet, Anthony; Gibson, Rajna - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
European equity markets since the introduction of the euro. We use a multivariate GARCH(1,1)-M return generating model allowing … euro and that sovereign risk represents a non-negligible component -on average 15%- of the excess ex- pected return … required for investing in the euro-zone as well as in a group of European stock markets enlarged to Switzerland and the UK. …
Persistent link: https://www.econbiz.de/10005859116