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Rodrik, Dani; Velasco, Andrés - 1999

Persistent link: https://www.econbiz.de/10001418719

Rodrik, Dani - 1999

We provide a conceptual and empirical framework for evaluating the effects of short-term capital flows. A simple model of the joint determination of the maturity and cost of external borrowing highlights the role played by self-fulfilling crises. The model also specifies the circumstances under...

Persistent link: https://www.econbiz.de/10012471420

Short-Term Capital Flows

Rodrik, Dani; Velasco, Andrés - 2021

Persistent link: https://www.econbiz.de/10013216104

The Turkish Economy after the Global Financial Crisis

Rodrik, Dani - In: Ekonomi-tek - International Economics Journal 1 (2012) 1, pp. 41-61

The global financial crisis has demonstrated that a financially open economy has many areas of vulnerability. Even when a country keeps its own house in order, it remains at the mercy of developments in external financial markets. So, one lesson to bear in mind is that policymakers need to guard...

Persistent link: https://www.econbiz.de/10010660114

Foreign fund flows and equity prices during the Covid-19 pandemic : evidence from India

Acharya, Viral V.; Anshuman, V. Ravi; Kiran Kumar, K. - 2022

We study the period of the COVID-19 pandemic to assess the impact of foreign institutional investor (FII) flows on asset prices in an emerging market. Using a dataset of stock-level foreign fund flows of Indian equities, we show that stocks experiencing abnormally high innovations in foreign...

Persistent link: https://www.econbiz.de/10013334977

Online Appendix of 'The Seeds of a Crisis : A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle'

Naqvi, Hassan - 2011

Persistent link: https://www.econbiz.de/10013132823

The Seeds of a Crisis : A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

Acharya, Viral V. - 2013

We examine how the banking sector may ignite the formation of asset price bubbles when there is access to abundant … liquidity. Inside banks, given lack of observability of effort, loan officers (or risk takers) are compensated based on the … macroeconomic risk, investors reduce direct investment and hold more bank deposits. This ‘flight to quality’ leaves banks flush with …

Persistent link: https://www.econbiz.de/10013094075

When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts

Acharya, Viral V.; Rajan, Raghuram G.; Shim, Jack - 2022

We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country’s access to external borrowing. In turn, access to...

Persistent link: https://www.econbiz.de/10014078840

Market failures and regulatory failures : lessons from past and present financial crises

Acharya, Viral V.; Cooley, Thomas F.; Richardson, Matthew; … - 2011

case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector due to … mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity of positions …

Persistent link: https://www.econbiz.de/10008907804

Market Failures and Regulatory Failures : Lessons from Past and Present Financial Crises

Acharya, Viral V. - 2011

presents a case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector … due to mispriced government guarantees; regulatory focus on individual institution risk rather than systemic risk; opacity …

Persistent link: https://www.econbiz.de/10013130373

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