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institution’s credit worthiness and the return on its market value, and importantly, on the level and quality of capital … steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may …
Persistent link: https://www.econbiz.de/10011142003
required relying on supply-side policies, in particular, the labor market. With the banking system under pressure and the …
Persistent link: https://www.econbiz.de/10011245075
This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are computed as the percentage difference between the present values...
Persistent link: https://www.econbiz.de/10005825806
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011243315
and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a …
Persistent link: https://www.econbiz.de/10008561072
between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …
Persistent link: https://www.econbiz.de/10010790397
negative credit supply shock applied to SMEs has an adverse effect on economic activity, and this impact is amplified in …
Persistent link: https://www.econbiz.de/10010790414
demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility … supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps …
Persistent link: https://www.econbiz.de/10011242253
permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional …
Persistent link: https://www.econbiz.de/10011242343
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia … foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However …, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a …
Persistent link: https://www.econbiz.de/10011242438