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The Geography of Asset Trade and the Euro: Insiders and Outsiders

Coeurdacier, Nicolas; Martin, Philippe - C.E.P.R. Discussion Papers - 2007

our analysis on the effect of the euro for the determinants of bond trade, equity and banking assets. With the help of a … theoretical model, we attempt to disentangle the different effects that the euro may have had on asset holdings for both euro zone … countries and countries outside of the euro zone such as Sweden. We find evidence that the euro has implied 1) a unilateral …

Persistent link: https://www.econbiz.de/10005497990

Are banks too big to fail or too big to save? International evidence from equity prices and CDS spreads

Demirguc-Kunt, Asli; Huizinga, Harry - C.E.P.R. Discussion Papers - 2010

Deteriorating public finances around the world raise doubts about countries’ abilities to bail out their largest banks. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank stock prices and CDS spreads. Overall, bank stock...

Persistent link: https://www.econbiz.de/10008550325

The vulnerability of sub-Saharan Africa to the financial crisis: the case of trade

Berman, Nicolas; Martin, Philippe - C.E.P.R. Discussion Papers - 2010

In the early stage of the 2008-2009 financial crisis, the conventional wisdom was that financial under-development of sub Saharan African economies may be a blessing in disguise because it insulates them from the direct effects of the crisis. This paper argues that this may also make African...

Persistent link: https://www.econbiz.de/10008530377

Bank Activity and Funding Strategies: The Impact on Risk and Return

Demirguc-Kunt, Asli; Huizinga, Harry - C.E.P.R. Discussion Papers - 2009

This paper examines the implications of bank activity and short-term funding strategies for bank risk and return using an international sample of 1334 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/10005114191