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Transparency, Risk Management and International Financial Fragility
Draghi, Mario - 2003
Discussions of financial risk often fail to distinguish between risks that are consciously borne and those that are not. To understand the breeding conditions for financial crises the prime focus of concern should not be simply on large risk-taking per se, but on the unintended, or unanticipated...
Persistent link: https://www.econbiz.de/10012468892
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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
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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
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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
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The U.S. Current Account and the Dollar
Blanchard, Olivier - 2005
much more is to come, and if so, against which currencies, the euro, the yen, or the renminbi. Our purpose in this paper is … euro …
Persistent link: https://www.econbiz.de/10012467548
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Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma
Aizenman, Joshua - 2010
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma--monetary independence, exchange rate stability, and financial openness--we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10012462774
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NBER International Seminar on Macroeconomics 2010
Clarida, Richard H. (ed.); Giavazzi, Francesco (contributor) - ISOm <33, 2010, Amsterdam> - 2011
Persistent link: https://www.econbiz.de/10009661611
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NBER International Seminar on Macroeconomics 2012
Giavazzi, Francesco (contributor);  … - International Seminar on Macroeconomics <35, 2012, Oslo> - 2013
Persistent link: https://www.econbiz.de/10010253680
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NBER International Seminar on Macroeconomics 2007
Clarida, Richard H. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003655863
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Looking for Contagion : Evidence from the ERM
Favero, Carlo A. - 2000
This paper applies a full-information technique to test for the presence of contagion across the money markets of ERM member countries. We show that whenever it is possible to estimate a model for interdependence, a test for contagion based on a full information technique is more powerful. We...
Persistent link: https://www.econbiz.de/10012470953