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I investigate the effect of transparency on the borrowing costs of Emerging Markets Economies. Transparency is measured by whether or not the countries publish the IMF Article IV Staff report and the Reports on the Observance of Standards and Codes (ROSC). Using difference-in-difference...
Persistent link: https://www.econbiz.de/10010958794
Depuis les années 2000, les déséquilibres financiers internationaux sont à nouveau au coeur des préoccupations. Face au déficit croissant de la balance courante américaine, le reste du monde accumule les excédents. Le paradoxe est évident : le pays le plus riche est celui qui vit le...
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The aim of this thesis is to analyze, from an empirical point of view, both the different varieties of economic and financial crises (typological analysis) and the context’s characteristics, which could be associated with a likely occurrence of such events. Consequently, we analyze both: years...
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, but also on financial agents’ attitude towards risk. The pro-cyclical nature of the latter has a major impact on financial …
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their ability to predict future economic growth in some countries. Our results support a risk-based explanation for the …
Persistent link: https://www.econbiz.de/10005631008
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After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and in 1999 (The enhanced HIPC initiative), the G7 decided to go further by cancelling the remaining multilateral debt for these HIPC countries through the Multilateral Debt Relief...
Persistent link: https://www.econbiz.de/10010861386
. In addition to net foreign asset stocks, we also provide details on the composition of the main asset and liability …
Persistent link: https://www.econbiz.de/10010958492