Showing 1 - 10 of 680
Persistent link: https://www.econbiz.de/10011813162
We use a network model of credit risk to measure market expectations of the potential spillovers from a sovereign default. Specifically, we develop an empirical model, based on the recent theoretical literature on contagion in financial networks, and estimate it with data on sovereign credit...
Persistent link: https://www.econbiz.de/10013045650
Persistent link: https://www.econbiz.de/10012429032
Persistent link: https://www.econbiz.de/10014512482
Although internal policy mismanagements can be cited in most recent emerging market crises, they seldom account fully for the severity of these crises. The reluctance of international investors to provide the resources that would limit the extent of the reversal almost invariably plays a key...
Persistent link: https://www.econbiz.de/10012763359
Persistent link: https://www.econbiz.de/10010191987
Persistent link: https://www.econbiz.de/10012429836
Persistent link: https://www.econbiz.de/10014383984
Persistent link: https://www.econbiz.de/10012016083
in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because … these banks rely on wholesale dollar funding, while raising more of their euro funding through insured retail deposits, the … dollar funding, there were significant violations of euro-dollar CIP. Moreover, dollar lending by Eurozone banks fell …
Persistent link: https://www.econbiz.de/10013098138