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The impact of Basel III on trade finance : the potential unintended consequences of the leverage ratio

Auboin, Marc; Blengini, Isabella - 2014

Trade finance, particularly in the form of short-term letters of credit has received favourable capital treatment new Basel III rules. However, concerns have been expressed over the potential negative "unintended consequences" of the newly created leverage ratio for trade. This paper offers a...

Persistent link: https://www.econbiz.de/10010404596

Institutional architecture for financing Pan-Asian infrastructure connectivity

Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2017

Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically sustainable and resilient against external shocks to recover from the falling growth, most regional economies need to rebalance their export-oriented (mostly to advanced economies)...

Persistent link: https://www.econbiz.de/10011638303

On the preferred creditor status of multilateral development banks

Amegashie, J. Atsu - 2023

The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …

Persistent link: https://www.econbiz.de/10014306766

Exorbitant privilege : a safe-asset view

Jiang, Zhengyang - 2024

I propose a model of the reserve currency paradigm that centers on liquidity demand for safe assets. In global recessions, the demand for U.S. safe assets increases and raises their convenience yields, giving rise to stronger dollar and countercyclical seigniorage revenues. The seigniorage...

Persistent link: https://www.econbiz.de/10015048365

Unbalanced financial globalization

Capelle, Damien; Pellegrino, Bruno - 2023

We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … capital allocation, a 2.8% lower world GDP, a 12% rise in the cross-country dispersion of GDP per capita, lower wages in …

Persistent link: https://www.econbiz.de/10014340224

Monetary policies of large industrialised countries, emerging market credit cycles and feedback effects

Andreas, Hoffmann; Schnabl, Gunther - 2014

. Based on an overinvestment framework, we show that in the prevailing asymmetric world monetary system, monetary policies of …

Persistent link: https://www.econbiz.de/10010337620

International Financial Crises

Dornbusch, Rudiger; Fischer, Stanley - 2003

Our friend and colleague Rüdiger Dornbusch passed away before he was able tocomplete his book based on the Munich Lectures in Economics that he gave inNovember 17, 1998, at the Center for Economic Studies of Ludwig-Maximilians-Universität.The lectures contain a fascinating overview of the...

Persistent link: https://www.econbiz.de/10011507825

The International Monetary Fund : 70 years of reinvention

Reinhart, Carmen M.; Trebesch, Christoph - 2015 - This draft: December 10, 2015

A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over time along multiple dimensions. This history is primarily consistent with a "demand driven" theory of institutional change, as the needs of its clients and the type of crisis...

Persistent link: https://www.econbiz.de/10011406766

Memorable encounters? : own and neighbours' experience with IMF conditionality and IMF stigma

Andone, Irina; Scheubel, Beatrice - 2017

While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has recently received attention particularly from policy...

Persistent link: https://www.econbiz.de/10011624193

What do we know about the global financial safety net? : a new comprehensive data set

Scheubel, Beatrice; Stracca, Livio - 2016

This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for over...

Persistent link: https://www.econbiz.de/10011565481