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Global linkages are changing amidst elevated geopolitical tensions and a surge in policies directed at increasing supply chain resilience and national security. Using granular bilateral data, this paper provides new evidence of trade and investment fragmentation along geopolitical lines since...
Persistent link: https://www.econbiz.de/10015058520
based on macro-data remains as a challenge. This study attempts to build causality in the conflict-growth nexus by … additional labor productivity loss in those industries in the years of conflicts does not seem to be offset in the post-conflict …
Persistent link: https://www.econbiz.de/10015058440
employs two-levels of analysis: a macro-level estimation of the influence of exclusion and marginalization on violent conflict …
Persistent link: https://www.econbiz.de/10015058761
We analyze the effects of borrower-based macroprudential tools in Finland. To evaluate the efficiency of the tools, we construct a heterogeneous agent model in which households endogenously determine their housing size and liquid asset levels under two types of borrowing constraints: (i) a...
Persistent link: https://www.econbiz.de/10015058844
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528
a given level of spending—in these countries. This study analyses such risks and develops measures of fiscal risk … much less vulnerable to fiscal risk than is indicated by standard measures based on break-even prices.. …
Persistent link: https://www.econbiz.de/10012690163
PROBABILITY AND DEFAULT CORRELATION, IN STCDOS -- IV. IDIOSYNCRATIC AND SYSTEMIC RISK IN STCDO TRANCHES -- V. DATA AND EMPIRICAL …
Persistent link: https://www.econbiz.de/10012691162
Persistent link: https://www.econbiz.de/10012691193
Intro -- Contents -- I. INTRODUCTION -- II. MEASUREMENT OF MARKET RISK -- III. MEASUREMENT OF CREDIT RISK -- IV …. MEASUREMENT OF LIQUIDITY RISK -- V. AN INTEGRATED APPROACH TO RISK SENSITIVITY FOR A SECURITY WITH N RISK FACTORS -- VI. AN … INTEGRATED APPROACH TO RISK SENSITIVITY FOR A PORTFOLIO WITH N RISK FACTORS -- VII. EPILOGUE -- YIELD DEFINITIONS -- THE VALUE-AT-RISK …
Persistent link: https://www.econbiz.de/10012691196
consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk … that the full risk sharing equilibrium may not require much diversification of equity portfolios when there is price …
Persistent link: https://www.econbiz.de/10012677771