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Why do emerging economies borrow short term?
Broner, Fernando - 2004
"Broner, Lorenzoni, and Schmukler argue that emerging economies borrow short term due to the high risk premium charged by international capital markets on long-term debt. They first present a model where the debt maturity structure is the outcome of a risk-sharing problem between the government...
Persistent link: https://www.econbiz.de/10010522945
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Bank activity and funding strategies : the impact on risk and returns
Demirgüç-Kunt, Aslı - 2009
"This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns using an international sample of 1,334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading...
Persistent link: https://www.econbiz.de/10011394131
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American depositary receipts (adr) holdings of U.S. based emerging market funds
Aggarwal, Reena - 2005
"For a foreign "issuer," the benefits of cross-listing in the United States are extensively documented in the literature. However it is not clear what motivates "investors" to hold American Depositary Receipts (ADRs) rather than the underlying stock of these issuers. The authors address the...
Persistent link: https://www.econbiz.de/10010522661
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New Uses for Global Forecasts
World Bank - 2013
In accordance with the goals of the innovation grant, World Bank staff undertook a study tour to Turkey to observe Turkey's innovative system to deliver farmer-focused weather alerts by cell phone. The regional priority on climate change adaptation highlights an adaptation mechanism that has...
Persistent link: https://www.econbiz.de/10012557435
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Zooming in : from aggregate volatility to income distribution
Calderón, César - 2009
"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
Persistent link: https://www.econbiz.de/10011394189
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Does higher openness cause more real exchange rate volatility ?
Calderón, César - 2009
exchange rate volatility, and (b) trade and financial openness may have a potential role of mitigating and/or amplifying real … openness to exacerbate or mitigate real exchange rate volatility. The authors collected information on the real effective …) High real exchange rate volatility is the result of highly volatile productivity shocks, and sharp oscillations in monetary …
Persistent link: https://www.econbiz.de/10011394190
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The elimination of Madagascar's vanilla marketing board, ten years on
Cadot, Olivier - 2006
spectacularly narrowed down, but this effect is dwarfed by that of world-price volatility. A counterfactual analysis based on a …
Persistent link: https://www.econbiz.de/10010522083
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Taking the bad with the good : volatility of foreign portfolio investment and financial constraints of small firms
Knill, April M. - 2005
"The author examines the impact of the volatility of foreign portfolio investment on the financial constraints of small …, the author finds that the volatility of foreign portfolio investment is only significantly associated with a decreased … volatility of foreign portfolio investment only hinders the growth of small firms significantly in periods when nations are …
Persistent link: https://www.econbiz.de/10010522403
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Economic volatility and returns to education in Venezuela : 1992-2002
Sakellariou, Chris N. - 2004
"Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. Patrinos and Sakellariou rigorously estimate the returns to education in Venezuela for the period 1992-2002 and link them to earlier available estimates from the 1980s. They use...
Persistent link: https://www.econbiz.de/10010522876
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Volatility and Growth
Hnatkovska, Viktoria - 2004
Persistent link: https://www.econbiz.de/10010523118