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How does the sensitivity of consumption to income vary over time? : international evidence

Islamaj, Ergys; Kose, M. Ayhan - 2016

Persistent link: https://www.econbiz.de/10011757087

Ahnert, Toni; Bertsch, Christoph - 2015

We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions … attacks, bank runs and debt crises, our theory of contagion is supported by existing evidence and generates a new testable …

Persistent link: https://www.econbiz.de/10010508402

Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico C. - 2015

We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...

Persistent link: https://www.econbiz.de/10011304762