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The Stock of External Sovereign Debt: Can We Take the Data at ‘Face Value’?
Dias, Daniel A.; Richmond, Christine; Wright, Mark L. J. - Federal Reserve Bank of Chicago - 2014
The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading when debts are issued with different contractual forms or maturities. In this paper, we construct alternative measures of the stock of...
Persistent link: https://www.econbiz.de/10010778841
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Mandatory Disclosure and Financial Contagion
Alvarez, Fernando; Barlevy, Gadi - Federal Reserve Bank of Chicago - 2014
common knowledge that some banks have incurred losses but not which ones. We develop a model that features contagion, meaning … of contagion is large, it is possible for no information to be disclosed in equilibrium but for mandatory disclosure to … increase welfare by allowing investment that would not have occurred otherwise. Absent contagion, mandatory disclosure cannot …
Persistent link: https://www.econbiz.de/10010765415
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Inter-industry contagion and the competitive effects of financial distress announcements : evidence from commercial banks and life insurance companies
Brewer, Elijah (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001761426
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The double play : simultaneous speculative attacks on currency and equity markets
Chakravorti, Sujit (contributor); Lall, Subir (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658367
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Does the Japanese stock market price bank risk? : Evidence from financial firm failures
Brewer, Elijah; Genay, Hesna; Hunter, William Curt; … - 1999 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658760
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When is inter-transaction time informative?
Furfine, Craig H. (contributor) - 2003 - [Elektronische Ressource]
"We investigate the information content of inter- transaction time and find that it varies both across stocks and over time. On average, inter-transaction time is found to be informative whenever stocks are sufficiently traded. The magnitude of the information content is found to be larger for...
Persistent link: https://www.econbiz.de/10001761370
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Merger momentum and investor sentiment : the stock market reaction to merger announcements
Rosen, Richard Joseph (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002049310
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Emerging economies, trade policy, and macroeconomic shock
Bown, Chad; Crowley, Meredith - Federal Reserve Bank of Chicago - 2013
This paper estimates the impact of macroeconomic shocks on the trade policies of thirteen major emerging economies over 1989-2010; by 2010, these WTO member countries collectively accounted for 21 percent of world merchandise imports and 22 percent of world GDP. We examine determinants of carefully...
Persistent link: https://www.econbiz.de/10010628477
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The global labor market impact of rmerging giants: a quantitative assessment
Levchenko, Andrei A.; Zhang, Jing - Federal Reserve Bank of Chicago - 2013
This paper investigates both aggregate and distributional impacts of the trade integration of China, India, and Central and Eastern Europe in a quantitative multi-country multi-sector model, comparing outcomes with and without factor market frictions. Under perfect within-country factor...
Persistent link: https://www.econbiz.de/10010692392
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Credit markets in transition : proceedings
1992
Persistent link: https://www.econbiz.de/10000860987