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Pinto, Bruno José Marques; Vilela, Thais Machado de Matos - EconWPA - 2005

Fundamental sources of the Russian financial crisis in 1998 are discussed. Focus is made on the time horizon of judgements concerning sustainability of the economic policy. It is argued that the macroeconomic policy pursued by the monetary authorities was not robust in a medium run, but, in the...

Persistent link: https://www.econbiz.de/10005412647

Comparison between Asian, Russian and Turkish financial crises

Lukkarila, Johanna - EconWPA - 2004

Since the start of the 1990s, several countries have abandoned fixed- but-adjustable exchange rate regimes. The tendency towards floating exchange rate regimes, or alternatively monetary unions, has given rise to a debate on the disappearance of pure currency crises, and the literature has...

Persistent link: https://www.econbiz.de/10005556609

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Hayo, Bernd; Shin, Doh - EconWPA - 2002

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...

Persistent link: https://www.econbiz.de/10005407644

Report on a Right of Use for Collateral Takers and Custodians

Keijser, Thomas; ed. - EconWPA - 2003

The Report on a Right of Use for Collateral Takers and Custodians examines on what basis collateral takers can dispose … of the assets of collateral providers, and custodians of those of their clients. The report describes the current legal … (Collateral Directive, Investment Services Directive). The report contains a Tax Appendix. …

Persistent link: https://www.econbiz.de/10005126022

Collateral-Based Lending in Emerging Markets: Evidence from Thailand

Menkhoff, Lukas; Neuberger, Doris; Suwanaporn, Chodechai - EconWPA - 2005

This paper examines the role and determinants of collateral in emerging markets compared to mature ones. Analyzing a … higher there than in developed markets. Thai banks use collateral primarily to reduce the higher credit risks of small and … relatively young firms. Long credit relationships do not reduce collateral requirements by lowering information asymmetry. Market …

Persistent link: https://www.econbiz.de/10005134744

Insolvency and Economic Development:Regional Variation and Adjustment

Fabling, Richard; Grimes, Arthur - EconWPA - 2004

economic activity and regional property values (the latter representing collateral effects) reduce regional insolvencies. An …

Persistent link: https://www.econbiz.de/10005407642

Collateral, Access to Credit, and Investment in Bulgaria, chap. 8 in D. Jones and J. Miller (eds) THE BULGARIAN ECONOMY: LESSONS FROM REFORM DURING EARLY TRANSITION, Ashgate 97.

Bogetic, Zeljko - EconWPA - 2005

The paper measures economic loss from the problem of inadequate collateral in Bulgaria and proposes solutions …

Persistent link: https://www.econbiz.de/10005561596

Argentina: Trying to Make Sense of the Financial Tango

Buchs, Thierry - EconWPA - 2005

The paper discusses and revisits some of the most popular stories behind the 2001 financial crisis in Argentina, i.e. the prolonged overvaluation of the peso owing to the Currency Board arrangement, the lack of fiscal adjustment, and the negative external environment which triggered a “sudden...

Persistent link: https://www.econbiz.de/10005076729

User's Guide to an Early Warning System for Macroeconomic Vulnerability in Latin American Countries

Herrera, Santiago; Garcia, Conrado A. - EconWPA - 2000

The object of this paper is to develop an Early Warning System of Macro Vulnerability for several Latin American countries based on previous work of Kaminsky, Lizondo and Reinhart (1997) and Kaminsky (1998). We build a composite leading indicator that signals macroeconomic vulnerability, showing...

Persistent link: https://www.econbiz.de/10005076817

TOWARDS A NEW SET OF LEADING INDICATORS OF CURRENCY CRISIS FOR DEVELOPING COUNTRIES: AN APPLICATION TO ARGENTINA

Marongiu, Federico - EconWPA - 2005

Currency and financial crises are determinants of growth and development, mainly in developing countries subject to shocks, contagion and volatility. A relevant issue when trying to do the implementation of development policies is to anticipate or forecast the occurrence of currency crises that...

Persistent link: https://www.econbiz.de/10005125867