Similar Search Results

Regional Contagion and the Globalization of Securities Markets

Calvo, Guillermo A. - 1999

This paper argues that the globalization of securities markets may promote contagion among investors by weakening incentives for gathering costly country-specific information and by strengthening incentives for imitating arbitrary market portfolios. In the presence of short-selling constraints,...

Persistent link: https://www.econbiz.de/10012471634

Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …

Persistent link: https://www.econbiz.de/10013160341

Financial Globalization, Financial Crises and Contagion

Mendoza, Enrique G. - 2010

financial institutions and asset markets. Using an open-economy model where financial intermediaries play a central role, we …

Persistent link: https://www.econbiz.de/10013150545

Precautionary Demand for Foreign Assets in Sudden Stop Economies : An Assessment of the New Merchantilism

Durdu, Ceyhun Bora - 2007

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign reserves grew very rapidly during this period, and hence it is often argued that we live in the era of a New Merchantilism in which large stocks of reserves are a war-chest for...

Persistent link: https://www.econbiz.de/10012776881

How Country and Safety-Net Characteristics Affect Bank Risk-Shifting

Kane, Edward J. - 2002

insurance has had adverse effects in environments that are low in political and economic freedom and high in corruption …

Persistent link: https://www.econbiz.de/10012787065

The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk Since the 1970s

Calomiris, Charles W. - 2018

We construct a new measure of the changing generosity of deposit insurance for many countries, empirically model the international influences on the adoption and generosity of deposit insurance, and show that the expansion of deposit insurance generosity increased asset risk in banking systems....

Persistent link: https://www.econbiz.de/10012912177

Global Imbalances and Financial Fragility

Caballero, Ricardo J. - 2010

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …

Persistent link: https://www.econbiz.de/10012757927

Does Openness to International Financial Flows Raise Productivity Growth?

Kose, M. Ayhan - 2010

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10012758028

Determinants of Deposit-Insurance Adoption and Design

Demirgüç-Kunt, Asli - 2010

This paper identifies factors that influence decisions about a country's financial safety net, using a comprehensive dataset covering 180 countries during the 1960-2003 period. Our analysis focuses on how private interest-group pressures, outside influences, and political-institutional factors...

Persistent link: https://www.econbiz.de/10012760429

World Shocks, World Prices, and Business Cycles : An Empirical Investigation

Fernàndez, Andrés - 2016

intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …

Persistent link: https://www.econbiz.de/10012979352