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international monetary system, other countries' actions and the functioning logic of international finance can also impact a … currency's international status. This article shows that RMB usage has been boosted not only by Chinese statecraft but also by … cyclical instability of international finance, as well as peripheral countries' low inflows of dollars have encouraged firms …
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The Global Financial Safety Net (GFSN) - the institutions and arrangements that provide short-term crisis finance - has turned into a highly complex, uncoordinated system of global, multilateral, and bilateral instruments. The present paper elaborates on a composite index of the GFSN to analyse...
Persistent link: https://www.econbiz.de/10014250306
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10012230708
We analyse the relationship between global liquidity and exchange market pressure in 32 emerging market economies. Exchange market pressure is a measure of excess currency demand that is applicable across different exchange rate regimes as it accounts for changes in exchange rates, foreign...
Persistent link: https://www.econbiz.de/10011820941
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10011938062
mechanism. However, an appropriate policy mix of sound public finances, solid financial regulation and targeted macroprudential …
Persistent link: https://www.econbiz.de/10011495568
is monetary policy in the U.S., which is transmitted through international capital flows. In this paper, we add to this …
Persistent link: https://www.econbiz.de/10011405101
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions … as well as weighted foreign prices is a homogeneous function of a country's international investment position. We find … thus argue that the purchasing power parity hypothesis holds conditionally, but not unconditionally, and that international …
Persistent link: https://www.econbiz.de/10010414236