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Can reforms promoting growth increase financial fragility? : an empirical assessment

Caldera Sánchez, Aida; Gori, Filippo - 2016

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets. This paper investigates whether the growth benefits of policy reforms...

Persistent link: https://www.econbiz.de/10011578174

Investment gaps after the crisis

Lewis, Christine; Pain, Nigel; Strasky, Jan; Menkyna, Fusako - 2014

longer-term policy issues that bear on investment decisions indirectly, by reducing financial fragmentation in the euro area …

Persistent link: https://www.econbiz.de/10010464901

An exploration of the determinants of the subjective well-being of Americans during the Great Recession

Caldera Sánchez, Aida; Tassot, Caroline - 2014

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective wellbeing reflected in the OECD Better Life Framework impact subjective well-being. The results...

Persistent link: https://www.econbiz.de/10010464956

Italy and the euro area crisis : securing fiscal sustainability and financial stability

Denk, Oliver - 2013

. It reflects lingering anxieties over the euro area’s future, as well as persistent economic and financial difficulties … flowed out of Italy to the core countries of the euro area. The Bank of Italy should continue to ensure that banks increase … financial crisis in Italy depends in part on action at the euro area level. As a member of the euro area, Italy has benefited …

Persistent link: https://www.econbiz.de/10009767734

Do investors disproportionately shed assets of distant countries under increased uncertainty? : evidence from the global financial crisis

2012

The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...

Persistent link: https://www.econbiz.de/10009691014

Which structural policies stabilise capital flows when investors suddenly change their mind? : evidence from bilateral bank data

Ahrend, Rudiger; Schwellnus, Cyrille - 2012

The global financial crisis of 2007-09 and the ensuing sovereign debt crisis in Europe provide evidence that portfolio rebalancing of financial investors can contribute to spread financial turmoil across countries. Rebalancing of portfolios, in turn, may be driven by the need to meet liquidity...

Persistent link: https://www.econbiz.de/10009691017

Fiscal convergence, business cycle volatility and growth

Furceri, Davide - 2009

Persistent link: https://www.econbiz.de/10009569028

Issuing GDP-linked bonds : supply and demand can match

Fournier, Jean-Marc; Lehr, Jakob - 2018

This paper compares supply and demand to assess to what extent there can be a market for GDP-linked bonds (GLBs). For the government side, simulations illustrate the debt-stabilisation property of GLBs. These simulations consider shock persistence with a VAR structure and large events with...

Persistent link: https://www.econbiz.de/10011914308