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Prasad, Eswar S. - 2011

I document that emerging markets have cast off their "original sin" their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...

Persistent link: https://www.econbiz.de/10009516951

Global macro-financial cycles and spillovers

Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012178610

Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises

Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010-2012 sovereign debt crisis. Using newly available data linking over...

Persistent link: https://www.econbiz.de/10010229932

India's approach to capital account liberalization

Prasad, Eswar S. (contributor) - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front. -- India ; international financial integration ; capital …

Persistent link: https://www.econbiz.de/10003794018

The incidence and persistence of cyclical job loss in New Zealand

Maré, David C.; Fabling, Richard - 2013

In New Zealand, the impact of the Global Financial Crisis (GFC) was milder than in most other developed countries, with employment declining by 2.5 percent between 2008q4 and 2009q4. Job and worker turnover rates both declined, signalling a reduction in labour market liquidity and difficulties...

Persistent link: https://www.econbiz.de/10010221832

The impact of the global financial crisis on youth labour markets

Junankar, Pramod N. - 2014

This paper investigates the impact of the GFC on youth unemployment and long term unemployment. In particular, we study whether the GFC had a bigger impact on youths than adults, and whether youth unemployment rates increased due to an increase in youth wages relative to adult wages. To...

Persistent link: https://www.econbiz.de/10010398763

The impact of Arab Spring on hiring and separation rates in the Tunisian labour market

Haouas, Ilham; Heshmati, Almas - 2015

This paper analyses the hiring and separation rates in Tunisia before and after the Arab Spring of 2011. Several models are specified to study employment decisions based on quarterly administrative firm level data over the period of 2007 to 2012. The data provides information about important...

Persistent link: https://www.econbiz.de/10010472483

Urban resilience and social security uptake : New Zealand evidence from the global financial crisis and the COVID-19 pandemic

Cochrane, William; Poot, Jacques; Roskruge, Matthew - 2022

This paper focuses on the spatial variation in the uptake of social security benefits following a large and detrimental exogenous shock. Specifically, we focus on the Global Financial Crisis (GFC) and the onset of the COVID-19 pandemic. We construct a two-period panel of 66 Territorial...

Persistent link: https://www.econbiz.de/10013347147

Firm-level hiring difficulties : persistence, business cycle and local labour market influences

Fabling, Richard; Maré, David C. - 2013

We examine the correlates of reported hiring difficulties at the firm level using linked employer-employee and panel survey data over 2005-2011, focussing on the relative influence of firm-level characteristics, persistence, the business cycle and local labour market liquidity. At both the...

Persistent link: https://www.econbiz.de/10009786490

Migration and cross-border financial flows

Kugler, Maurice; Levintal, Oren; Rapoport, Hillel - 2013

The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...

Persistent link: https://www.econbiz.de/10009787347