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"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets … slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital … whether it makes economic sense for China to be a net creditor and how they see China's net foreign asset position evolving …
Persistent link: https://www.econbiz.de/10010522399
"The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need to integrate more harmoniously the three...
Persistent link: https://www.econbiz.de/10011394136
"The author examines the impact of the volatility of foreign portfolio investment on the financial constraints of small firms. Using a dataset of over 195,000 firm-year observations across 53 countries, she examines the impact of foreign portfolio investment instability on capital issuance and...
Persistent link: https://www.econbiz.de/10010522403
"The author examines the impact of foreign portfolio investment on the financial constraints of small firms. Using a dataset of over 195,000 firm-year observations across 53 countries, she examines the impact of foreign portfolio investment on capital issuance and firm growth across countries...
Persistent link: https://www.econbiz.de/10010522404
"The authors analyze the determinants and implications for financial stability of the mix of international banks' claims countries receive. In particular, they distinguish between local claims, extended by international banks through their affiliates in a host (or claim recipient) country, and...
Persistent link: https://www.econbiz.de/10010522445
Persistent link: https://www.econbiz.de/10010523249
Persistent link: https://www.econbiz.de/10010523334
Persistent link: https://www.econbiz.de/10010523376
"This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions...
Persistent link: https://www.econbiz.de/10010522256
"This paper investigates the leading causes of nonperforming loans during the economic and banking crises that affected a large number of countries in Sub-Saharan Africa in the 1990s. Empirical analysis shows a dramatic increase in these loans and extremely high credit risk, with significant...
Persistent link: https://www.econbiz.de/10010522431