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Persistent link: https://www.econbiz.de/10010523276
and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …
Persistent link: https://www.econbiz.de/10010522552
The geo-economy presents Lebanon with challenges associated with being a nexus for regional fault lines and risks from its dependence on capital inflows. Despite markedly improved security conditions since the start of 2015, anxiety over regional turmoil and potential spillover effectspersist....
Persistent link: https://www.econbiz.de/10012644445
This Iran Economic Monitor (IEM) provides an update on key economic developments and policies as of Spring 2022. Iran's economy continued its gradual recovery in 2021-2022 following the rebound in domestic and external demand. Despite a more accommodative fiscal policy in 2021-2022, higher oil...
Persistent link: https://www.econbiz.de/10013545308
Iraq is facing daunting challenges of Islamic State of Iraq and Syria (ISIS) insurgency, political upheaval, and profound economic and humanitarian crises. Compounding the ISIS-related crisis, the sharp decline in global oil prices has resulted in significant decline in oil export revenues....
Persistent link: https://www.econbiz.de/10012644852
Economic and natural crises and shocks are unfortunately recurring events, but the better a country is prepared for such eventualities, the lesser the impact may be. In 2009, in the wake of the global economic crisis, the Government of Indonesia piloted a Crisis Monitoring and Response System...
Persistent link: https://www.econbiz.de/10012557899
"This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns …-interest income generating activities such as trading increases the rate of return on assets, and it may offer some risk …, although it can offer some risk reduction at commonly observed low levels of non-deposit funding. A sizeable proportion of …
Persistent link: https://www.econbiz.de/10011394131
"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...
Persistent link: https://www.econbiz.de/10011394220
"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155