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Carry Funding and Safe Haven Currencies : A Threshold Regression Approach
Hossfeld, Oliver - 2016
the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven … currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not … analysis of bilateral euro-based exchange rates, given the euro's prominent role during the euro area sovereign debt crisis …
Persistent link: https://www.econbiz.de/10012988716
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Carry Funding and Safe Haven Currencies : A Threshold Regression Approach
Hossfeld, Oliver - 2015
the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven … currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not … analysis of bilateral euro-based exchange rates, given the euro's prominent role during the euro area sovereign debt crisis …
Persistent link: https://www.econbiz.de/10013030487
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Financial crises: review and evidence
Claessens, Stijn; Kose, M. Ayhan - In: Central Bank review / The Central Bank of the Republic … 13 (2013) 3, pp. 1-23
Persistent link: https://www.econbiz.de/10010340424
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Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
Obstfeld, Maurice - 2009
In this paper we connect the events of the last twelve months, "The Panic of 2008" as it has been called, to the demand for international reserves. In previous work, we have shown that international reserve demand can be rationalized by a central bank's desire to backstop the broad money supply...
Persistent link: https://www.econbiz.de/10012463821
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Financial Crises : A Survey
Sufi, Amir; Taylor, Alan M. - 2021
Financial crises have large deleterious effects on economic activity, and as such have been the focus of a large body of research. This study surveys the existing literature on financial crises, exploring how crises are measured, whether they are predictable, and why they are associated with...
Persistent link: https://www.econbiz.de/10013215573
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Debt and financial crises
Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
Persistent link: https://www.econbiz.de/10012224955
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Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
Persistent link: https://www.econbiz.de/10012225056
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Debt and financial crises
Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314
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Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012230790
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Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020 - This version: March 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012195063