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characterizes the size and sign of its fiscal footprint, as well as the states of the world in which the temptation for fiscal goals …
Persistent link: https://www.econbiz.de/10012222608
We operationalize the definition of systemic risk provided by the IMF, BIS, and FSB and derive testable hypotheses to identify indicators of systemic risk. We map these hypotheses into a two-stage hierarchical testing framework, combining insights from the early-warning literature on financial...
Persistent link: https://www.econbiz.de/10012234486
Network (IBRN), established in 2012, brings together researchers from around the world with access to micro-data on individual …
Persistent link: https://www.econbiz.de/10010393856
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
Persistent link: https://www.econbiz.de/10009671328
Persistent link: https://www.econbiz.de/10009671476
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009629705
Persistent link: https://www.econbiz.de/10009746312
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...
Persistent link: https://www.econbiz.de/10010414236
the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
Persistent link: https://www.econbiz.de/10003908576