Narrow search
Showing 1 - 10 of 670
Cover Image
Surprising Similarities : Recent Monetary Regimes of Small Economies
Rose, Andrew Kenan - 2013
In contrast to earlier recessions, the monetary regimes of many small economies have not changed in the aftermath of the global financial crisis. This is due in part to the fact that many small economies continue to use hard exchange rate fixes, a reasonably durable regime. However, most of the...
Persistent link: https://www.econbiz.de/10013073186
Cover Image
A Distant Mirror of Debt, Default, and Relief
Reinhart, Carmen - 2014
We take a first pass at quantifying the magnitudes of debt relief achieved through default and restructuring in two distinct samples: 1979-2010, focusing on credit events in emerging markets, and 1920-1939, documenting the official debt hangover in advanced economies that was created by World...
Persistent link: https://www.econbiz.de/10013045576
Cover Image
Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared with and Without Bailouts
Bordo, Michael D.; Schwartz, Anna J. - 2022
In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...
Persistent link: https://www.econbiz.de/10014155989
Cover Image
Estimating the Effect of the One-Child Policy on Sex Ratio Imbalance in China : Identification Based on the Difference-in-Differences
Li, Hongbin - 2010
likely confounded by other omitted policy shocks or socioeconomic changes. Moreover, we conduct the DD estimation using both …
Persistent link: https://www.econbiz.de/10013138734
Cover Image
Abs Inflows to the United States and the Global Financial Crisis
Bertaut, Carol C. - 2011
securities contributed to the decline in their spreads over Treasury yields. Through a combination of empirical estimation and …
Persistent link: https://www.econbiz.de/10013121035
Cover Image
Transmission of the U.S. Subprime Crisis to Emerging Markets : Evidence on the Decoupling-Recoupling Hypothesis
Dooley, Michael P. - 2010
We find that emerging markets appeared to be somewhat insulated from developments in U.S. financial markets from early 2007 to summer 2008. From that point on, however, emerging markets responded very strongly to the deteriorating situation in the U.S. financial system and real economy. Policy...
Persistent link: https://www.econbiz.de/10013152377
Cover Image
Deadly Debt Crises : Covid-19 in Emerging Markets
Arellano, Cristina - 2020
The COVID-19 epidemic in emerging markets risks a combined health, economic, and debt crisis. We integrate a standard epidemiology model into a sovereign default model and study how default risk impacts the ability of these countries to respond to the epidemic. Lockdown policies are useful for...
Persistent link: https://www.econbiz.de/10012832457
Cover Image
Domestic and Multilateral Effects of Capital Controls in Emerging Markets
Pasricha, Gurnain Kaur - 2015
Using a novel, high frequency dataset on capital control actions in 16 emerging market economies (EMEs) from 2001 to 2012, we provide new insights into the domestic and multilateral effects of capital controls. Increases in capital account openness reduce monetary policy autonomy and increase...
Persistent link: https://www.econbiz.de/10013030625
Cover Image
The Breakup of the Euro Area
Eichengreen, Barry - 2010
The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …
Persistent link: https://www.econbiz.de/10012759842
Cover Image
The Costs of Macroprudential Policy
Richter, Björn - 2018
Central banks increasingly rely on macroprudential measures to manage the financial cycle. However, the effects of such policies on the core objectives of monetary policy to stabilise output and inflation are largely unknown. In this paper, we quantify the effects of changes in maximum...
Persistent link: https://www.econbiz.de/10012911490