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Holtemöller, Oliver; Muradoğlu, Gülnur - Leibniz-Institut für Wirtschaftsforschung Halle - 2020

This paper investigates the consequences of shutdowns during the Corona crisis on the risk of bankruptcy for firms in … Germany and United Kingdom. We use financial statements from the period 2014 to 2018 to predict how pervasive risk of … industries face high risk of bankruptcy. In Germany, about 99% of firms in shutdown industries and in the UK about 98% of firms …

Persistent link: https://www.econbiz.de/10012230703

Macroeconomic effects from sovereign risk vs. Knightian uncertainty

Staffa, Ruben Marek - Leibniz-Institut für Wirtschaftsforschung Halle - 2023

This paper compares macroeconomic effects of Knightian uncertainty and risk using policy shocks for the case of Italy … measures for uncertainty and risk. The identification exploits the quasi-pessimistic behavior under ambiguity-aversion and the …-ask spread. In contrast, a pure change in risk shifts the risk-compensating discount factor which is well approximated by the …

Persistent link: https://www.econbiz.de/10014467072

Asset Prices and Time-Varying Risk

International Monetary Fund - 1988

time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …

Persistent link: https://www.econbiz.de/10014396175

Model Uncertainty. Learning, and the Gains from Coordination

International Monetary Fund - 1988

The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...

Persistent link: https://www.econbiz.de/10014395854

Kurzfristige ökonomische Effekte eines "Brexit" auf die deutsche Wirtschaft : Studie im Auftrag des Bundesministeriums für Wirtschaft und Energie

Brautzsch, Hans-Ulrich; Dany-Knedlik, Geraldine; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2019

Viele Fragen rund um den Brexit sind weiterhin offen. Es kann nicht ausgeschlossen werden, dass sich Großbritannien und die Europäische Union nicht auf einen Austrittsvertrag einigen können. Dann könnte es zu einem sogenannten harten Brexit (No-Deal Brexit) kommen. Wir haben die...

Persistent link: https://www.econbiz.de/10012135328

Fiscal Transparency, Accountability, and Risk

International Monetary Fund - 2012

This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...

Persistent link: https://www.econbiz.de/10014410215

Global Risks, Vulnerabilities, and Policy Challenges Facing Low-Income Countries

International Monetary Fund - 2012

The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued...

Persistent link: https://www.econbiz.de/10014410327

2013 Low-Income Countries Global Risks and Vulnerabilities Report

International Monetary Fund - 2013

An assessment of vulnerabilities and risks in LICs remains important both for LICs themselves and for the international community. There are currently 74 LICs, eligible for concessional financing from the Fund. This group of countries has a total population of about 1.3 billion, with an average...

Persistent link: https://www.econbiz.de/10014410548

Interest Rate Volatility and Risk in Indian Banking

International Monetary Fund - 2004

assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …

Persistent link: https://www.econbiz.de/10014404135

Technology adoption and the bank lending channel of monetary policy transmission

Hasan, Iftekhar; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2021

This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank‘s lending business and which specific...

Persistent link: https://www.econbiz.de/10012695677