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Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...
Persistent link: https://www.econbiz.de/10009138467
A striking and unexpected feature of the financial crisis has been the sharpappreciation of the US dollar against virtually all currencies globally. The paper findsthat negative US-specific macroeconomic shocks during the crisis have triggered asignificant strengthening of the US dollar, rather...
Persistent link: https://www.econbiz.de/10005866568
The objective of this paper is to implement a prototype of a currency crisis modelas part of an early warning system framework for Uganda. The financial systemsof developing countries like Uganda are especially vulnerable and therefore robustinstruments to predict crises are needed. Our model is...
Persistent link: https://www.econbiz.de/10005865806
The report describes the current developments of the German market for Non Performing Loans/Distressed Debt as it is influenced by the financial crisis/credit crunch. Furthermore the sale of (small and medium sized) real estate portfolios since summer 2007 is analysed in more detail.
Persistent link: https://www.econbiz.de/10005865577
A large part of the current debate on US stock price behaviorconcentrates on the question of whether stock prices are driven byfundamentals or by non-fundamental factors(...)
Persistent link: https://www.econbiz.de/10005843733
Credit Spreads Euro denominierter Unternehmensanleihen. Dabei werden zwei Untersuchungsperiodenwährend verschiedener … dadurch ausgelösten internationalen Finanzkrise, diezweite Untersuchungsperiode auf einen Zeitraum während der Krise. Es wird …
Persistent link: https://www.econbiz.de/10009418796
längerfristig wirkenden einzelwirtschaftlichen und regulativenMaßnahmen, die als Antworten auf die internationale Finanzkrise …
Persistent link: https://www.econbiz.de/10009418807
In spring 2010 the Euro-crisis culminated with the threatening state insolvency of Greece and Ireland. By high billion … credits to both member states European Union provided an emergency fund (750 bn Euro) to avoid a similar shock like with the … breakdown of US-bank Lehman Brothers and to avoid a breakdown of its single currency Euro. While the solidly united action of …
Persistent link: https://www.econbiz.de/10009418967
This appendix extends the empirical results in Chesney, Crameri, and Mancini (2011). Informedtrading activities on put and call options are analyzed for 19 companies in the bankingand insurance sectors from January 1996 to September 2009. Our empirical findings suggestthat certain events such as...
Persistent link: https://www.econbiz.de/10009418988
We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the timeas the most dramatic crisis since the Great Depression, predicts its performance during the recentfinancial crisis. One hypothesis is that a bank that has an especially poor experience in a...
Persistent link: https://www.econbiz.de/10009486818