Narrow search
Showing 1 - 10 of 328
Cover Image
Bank Bailouts, International Linkages and Cooperation
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2011
Financial institutions are increasingly linked internationally. As a result, financial crisis and government … intervention have stronger effects beyond borders. We provide a model of international contagion allowing for bank bailouts. While …
Persistent link: https://www.econbiz.de/10008872219
Cover Image
The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes
Arghyrou, Michael G.; Tsoukalas, John D. - CESifo - 2010
We use insights from the literature on currency crises to offer an analytical treatment of the crisis in the market for … Greek government bonds. We argue that the crisis itself and its escalating nature are very likely to be the result of: (a … fiscal guarantees, respectively occurring in November 2009 and February/March 2010. We argue that the risk of contagion to …
Persistent link: https://www.econbiz.de/10008799726
Cover Image
Dutch Disease Scare in Kazakhstan : Is it Real?
Égert, Balázs; Scott Leonard, Carol - 2021
In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing and thus long-term growth prospects in an economy that relies...
Persistent link: https://www.econbiz.de/10013317109
Cover Image
Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and other Culprits
Egert, Balazs - CESifo - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10008596582
Cover Image
Catching-Up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - 2013
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10013094566
Cover Image
Risk-Sharing and Contagion in Networks
Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando - CESifo - 2014
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays “fat” tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10010754654
Cover Image
Contagion in Financial Networks: A Threat Index
Demange, Gabrielle - CESifo - 2015
Interbank claims are a concern to regulators as they might facilitate the dissemination of defaults and generate spill-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it defaults. The measure is based on an explicit...
Persistent link: https://www.econbiz.de/10011257674
Cover Image
Exports and Property Prices in France : Are They Connected?
Égert, Balázs - 2013
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … construction sector triggered by fast rising property prices hindered France to meet world export demand vis-à-vis its products …
Persistent link: https://www.econbiz.de/10013094744
Cover Image
Exports and Property Prices in France: Are they Connected?
Egert, Balazs; Kierzenkowski, Rafal - CESifo - 2010
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical … construction sector triggered by fast rising property prices hindered France to meet world export demand vis-à-vis its products …
Persistent link: https://www.econbiz.de/10008583670
Cover Image
Competition and Stability in Banking
Vives, Xavier - CESifo - 2010
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10008572523