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Balance Sheet Effects on Monetary and Financial Spillovers : The East Asian Crisis Plus 20

Aizenman, Joshua - 2016

We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other … euro) makes the response of a financial variable such as the REER and exchange market pressure in the PHs more sensitive to … a change in key variables in the U.S. (or the euro area) such as policy interest rates and the REER. While having more …

Persistent link: https://www.econbiz.de/10012455943

For a Few Dollars More : Reserves and Growth in Times of Crises

Bussière, Matthieu - 2014

Based on a dataset of 112 emerging economies and developing countries, this paper addresses two key questions regarding the accumulation of international reserves: first, has the accumulation of reserves effectively protected countries during the 2008-09 financial crisis? And second, what...

Persistent link: https://www.econbiz.de/10012458872

Preventing currency crises in emerging markets

Edwards, Sebastian (ed.); Frankel, Jeffrey A. (contributor) - 2002

Persistent link: https://www.econbiz.de/10001664021

Exchange Rates in Emerging Countries : Eleven Empirical Regularities from Latin America and East Asia

Edwards, Sebastian - 2011

In this paper I discuss some of the most important lessons on exchange rate policies in emerging markets during the last 35 years. The analysis is undertaken from the perspective of both the Latin American and East Asian nations. Some of the topics addressed include: the relationship between...

Persistent link: https://www.econbiz.de/10012461584

Latin America and East Asia in the Context of an Insurance Model of Currency Crises

Chinn, Menzie D. - 1999

This paper focuses on the 1995 Latin American and 1997 East Asian crises using an insurance-based model of financial crises. First the model of Dooley (forthcoming) is described. Second, some empirical evidence for an insurance model is presented. The key variables in this approach include the...

Persistent link: https://www.econbiz.de/10012471706

Crisis Prevention : Lessons from Mexico and East Asia

Edwards, Sebastian - 1999

This paper provides a comparative analysis of the East Asian and Mexican crises, and draws lessons for the emerging economies. Although much of the discussion concentrates on East Asia and Mexico, I also draw on the history of some previous crisis episodes. I argue that in spite of the efforts...

Persistent link: https://www.econbiz.de/10012471557

The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency

Chinn, Menzie D. - 2008

The euro has arisen as a credible eventual competitor to the dollar as leading international currency, much as the … euro over the period 1999-2007. This paper updates calculations regarding possible scenarios for the future. We exclude the … the de facto financial center of the euro, more so than Frankfurt. We also assume that the dollar continues in the future …

Persistent link: https://www.econbiz.de/10012464738

Productivity and the Euro-Dollar Exchange Rate Puzzle

Alquist, Ron - 2002

This paper documents the evidence for a productivity based model of the dollar/euro real exchange rate over the 1985 … the Johansen (1988) and Stock-Watson (1993) procedures. We find that each percentage point in the US-Euro area … estimation methodology, the variables included in the regression, and the sample period. We conjecture that productivity …

Persistent link: https://www.econbiz.de/10012469891

Capital Controls, Sudden Stops and Current Account Reversals

Edwards, Sebastian - 2005

In this paper I use a broad multi-country data set to analyze the relationship between restrictions to capital mobility and external crises. The analysis focuses on two manifestations of external crises: (a) sudden stops of capital inflows; and (b) current account reversals. I deal with two...

Persistent link: https://www.econbiz.de/10012467515

The London Monetary and Economic Conference of 1933 and the End of The Great Depression : A “Change of Regime” Analysis

Edwards, Sebastian - 2017

In this paper I analyze the London Monetary and Economic Conference of 1933, an almost forgotten episode in U.S. monetary history. I study how the Conference shaped dollar policy during the second half of 1933 and early 1934. I use daily data to investigate the way in which the Conference and...

Persistent link: https://www.econbiz.de/10012455477