Showing 1 - 10 of 52
Persistent link: https://www.econbiz.de/10003310817
Persistent link: https://www.econbiz.de/10009229896
Persistent link: https://www.econbiz.de/10009229899
This paper assesses the extent to which debt overhang poses a constraint to economic activity in Emerging Europe, as the region emerges from the recent financial and economic crisis. At the macroeconomic level, it finds that the external imbalance problem for Emerging Europe has been in most...
Persistent link: https://www.econbiz.de/10011395073
Persistent link: https://www.econbiz.de/10011347398
Persistent link: https://www.econbiz.de/10009760666
Persistent link: https://www.econbiz.de/10011521970
We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equity requirements can be lowered if banks only hold senior domestic sovereign...
Persistent link: https://www.econbiz.de/10011560340
Persistent link: https://www.econbiz.de/10011449866
Persistent link: https://www.econbiz.de/10012546782