Similar Search Results

Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability

Edwards, Sebastian - 2007

In this paper I analyze whether restrictions to capital mobility reduce vulnerability to external shocks. More specifically, I ask if countries that restrict the free flow of international capital have a lower probability of experiencing a large contraction in net capital flows. I use three new...

Persistent link: https://www.econbiz.de/10012465804

Debt Relief and Slow Recovery : A Decade after Lehman

Piskorski, Tomasz - 2018

We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...

Persistent link: https://www.econbiz.de/10012481050

Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises

Bordo, Michael D. - 2015

Why did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and...

Persistent link: https://www.econbiz.de/10012457380

Financial Integration and Liquidity Crises

Castiglionesi, Fabio - 2017

The paper analyzes the effects of financial integration on the stability of the banking system. Financial integration allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We show under which conditions financial integration...

Persistent link: https://www.econbiz.de/10012455322

Some New Perspectives on India's Approach to Capital Account Liberalization

Prasad, Eswar S. - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front …

Persistent link: https://www.econbiz.de/10012463989

Measuring the Equilibrium Impacts of Credit : Evidence from the Indian Microfinance Crisis

Breza, Emily - 2018

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance …

Persistent link: https://www.econbiz.de/10012453385

The United States in the world economy : NBER summary report

Feldstein, Martin S. (contributor) - 1987

Persistent link: https://www.econbiz.de/10000734056

Home Bias in Open Economy Financial Macroeconomics

Coeurdacier, Nicolas - 2011

Home bias is a perennial feature of international capital markets. We review various explanations of this puzzling phenomenon highlighting recent developments in macroeconomic modelling that incorporate international portfolio choices in standard two-country general equilibrium models. We refer...

Persistent link: https://www.econbiz.de/10012460966

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2009

The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...

Persistent link: https://www.econbiz.de/10012464013

Foreign Capital and Economic Growth in the First Era of Globalization

Bordo, Michael D. - 2007

We explore the association between income and international capital flows between 1880 and 1913. Capital inflows are associated with higher incomes per capita in the long-run, but capital flows also brought income volatility via financial crises. Crises also decreased growth rates of income per...

Persistent link: https://www.econbiz.de/10012465070