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Exchange Rate Regimes, Capital Flows and Crisis Prevention

Edwards, Sebastian - 2001

In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...

Persistent link: https://www.econbiz.de/10012470189

The Shrinking Advantage of Market Potential

Brülhart, Marius - 2019

How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance, and local density is gaining importance, as correlates of local...

Persistent link: https://www.econbiz.de/10012480470

Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina

Goldberg, Linda - 2000

studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with … with high levels of impaired assets (Mexico) have more stagnant loan growth and weak responsiveness to market signals …

Persistent link: https://www.econbiz.de/10012471047

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando - 2020

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10012481075

Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints : A Fisherian Deflation of Tobin's Q

Mendoza, Enrique G. - 2006

The current account reversals, large recessions, and price collapses that define Sudden Stops contradict the predictions of a large class of models in which the current account is a vehicle for consumption smoothing and investment financing. This paper shows that the quantitative predictions of...

Persistent link: https://www.econbiz.de/10012466098

Can Subsidiaries of Foreign Banks Contribute to the Stability of the Forex Market in Emerging Economies? A Look at Some Evidence from the Mexican...

Reynoso, Alejandro - 2002

. The data on the compliance of domestic and foreign banks with the dollar reserve requirements in Mexico is used to try to …

Persistent link: https://www.econbiz.de/10012469851

Credit, Prices, and Crashes : Business Cycles with a Sudden Stop

Mendoza, Enrique G. - 2001

The 1990s emerging-markets crises were characterized by sudden reversals in inflows of foreign capital followed by unusually large declines in current account deficits, private expenditures, production, and prices of nontradable goods relative to tradables. This paper shows that these Sudden...

Persistent link: https://www.econbiz.de/10012470386