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A panic-prone pack? : the behavior of emerging market mutual funds
Borensztein, Eduardo; Gelos, Gaston - 2001
withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …
Persistent link: https://www.econbiz.de/10011400340
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International bailouts, moral hazard, and conditionality
Jeanne, Olivier; Zettelmeyer, Jeromin - 2001
The large international bailouts of the 1990s have been criticized for differentreasons, in particular for generating … misleading because international bailouts have no or verylittle cost to the international community and the global taxpayer …. Theproblem, in our view, is rather to ensure that the international safety net isnot used as an input into bad domestic policies …
Persistent link: https://www.econbiz.de/10011400335
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Monetary policy, vagabonding liquidity and bursting bubbles in new and emerging markets : an overinvestment view
Schnabl, Gunther (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003599390
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International Financial Crises
Dornbusch, Rudiger; Fischer, Stanley - 2003
-Maximilians-Universität.The lectures contain a fascinating overview of the mechanics andhistory of international financial crises showing the breadth and …
Persistent link: https://www.econbiz.de/10011507825
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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
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Alternative measures for the global financial cycle : do they make a difference?
Tian, Xin; Jacobs, Jan; Haan, Jakob de - 2022
We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...
Persistent link: https://www.econbiz.de/10013186798
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Stigma? What Stigma? : a contribution to the debate on the effectiveness of IMF lending
Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018
There is a perception that IMF programmes are not catalytic and instead associated with large capital outflows, higher refinancing costs for sovereigns and adverse movements in stock markets. This has led to concerns that an expectation of adverse effects of IMF programmes may deter countries...
Persistent link: https://www.econbiz.de/10011846238
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Capital flow reversals and currency crises : do capital flow types matter?
Zhang, Mengting; Steiner, Andreas; Haan, Jakob de; … - 2024
We analyse how reversals of several types of capital flows impact currency crises in emerging market and developing economies. Estimates of logit models show that reversals of (equity and debt) portfolio flows significantly increase the likelihood of currency crises in emerging market economies....
Persistent link: https://www.econbiz.de/10014502445
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Strategic complementarity, fragility, and regulation
Vives, Xavier - 2011 - Rev. May 2011
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10009230899
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Reputational herding in financial markets : a laboratory experiment
Roider, Andreas; Voskort, Andrea - 2015
We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …
Persistent link: https://www.econbiz.de/10010472692