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The Bail-In Problem: Systematic Goals, Ad Hoc Means
Eichengreen, Barry; Ruehl, Christoph - C.E.P.R. Discussion Papers - 2000
, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …
Persistent link: https://www.econbiz.de/10005124195
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Colonial hangover in global financial markets : Eurobonds, China, and African debt
Arewa, Olufunmilayo - In: Imperialism and the political economy of global south's debt, (pp. 55-85). 2023
Persistent link: https://www.econbiz.de/10014317592
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The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data
Eichengreen, Barry; Tong, Hui - National Bureau of Economic Research (NBER) - 2011
We examine the impact of renminbi revaluation on firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive effect on firms exporting to China but little...
Persistent link: https://www.econbiz.de/10009368130
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What really ails the Eurozone? : faulty supranational architecture
Razin, Asaf; Rosenfielde, Steven - In: Contemporary economics 6 (2012) 4, pp. 10-18
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United States, the European Monetary Union (EMU) was ripe for a crash. It had its own real estate bubble, specifically in Ireland and Spain, indulged in excessive deficit spending,...
Persistent link: https://www.econbiz.de/10009767592
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Global Capital Allocation
Florez-Orrego, Sergio; Maggiori, Matteo; Schreger, Jesse; … - National Bureau of Economic Research - 2023
We survey the literature on global capital allocation. We begin by reviewing the rise of cross-border investment, the shift towards portfolio investment, and the literature focusing on aggregate patterns in multilateral and bilateral positions. We then turn to the recent literature that uses...
Persistent link: https://www.econbiz.de/10014337832
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Dollarization, Bailouts and the Stability of the Banking System
Gale, Douglas M; Vives, Xavier - C.E.P.R. Discussion Papers - 2001
obtained are applied to assess the desirability of dollarization in a range of countries and the potential role of the IMF as …
Persistent link: https://www.econbiz.de/10005788955
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A new measure of financial development: Theory leads measurement
Boyd, John H.; Jalal, Abu M. - In: Journal of Development Economics 99 (2012) 2, pp. 341-357
Marginal Utilization of Debt (hereafter, MUD) comes from the seminal work of Myers (1984), Myers and Majluf (1984) and Shyam … measure that reflects conditions in both debt and equity markets. It varies enormously across nations; from 0.23 in Australia … special‐purpose measures of debt and equity market advancement from the financial development literature. Richer, more …
Persistent link: https://www.econbiz.de/10011065941
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Sovereign default, debt restructuring, and recovery rates : was the Argentinean "haircut" excessive?
Edwards, Sebastian - In: Open economies review 26 (2015) 5, pp. 839-867
Persistent link: https://www.econbiz.de/10011481770
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Determinants of the length of time a firm's book-to-market ratio is greater than one
Oler, Mitchell - In: Review of quantitative finance and accounting 45 (2015) 3, pp. 509-539
Persistent link: https://www.econbiz.de/10011531996
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Analyzing and managing exchange-rate crises
Kenen, Peter - In: Open Economies Review 7 (1996) 1, pp. 469-492
their views about a government's ability to improve its policies. For this reason, efforts of the IMF to promote the …
Persistent link: https://www.econbiz.de/10005715195