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Euro Area Sovereign Risk During the Crisis
Zoli, Edda - 2009
While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining fiscal sustainability. From this perspective, to what extent do movements in euro area sovereign...
Persistent link: https://www.econbiz.de/10012677887
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Emerging Economy Responses to the Global Financial Crisis of 2007-09
Yehoue, Etienne B. - 2009
This paper draws on a unique data set on the nontraditional systemic liquidity easing measures recently undertaken by many emerging market economies. It offers an empirical analysis of the key determinants affecting the decision to undertake these measures over the period September 2008-March...
Persistent link: https://www.econbiz.de/10012677511
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Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis
Fund, International Monetary - 2012
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10012677547
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Spring Forward or Fall Back? The Post-Crisis Recovery of Firms.
Medina, Leandro - 2012
This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that...
Persistent link: https://www.econbiz.de/10012690153
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Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market
Dell'Ariccia, Giovanni - 2008
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10014409025
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Macro-Financial Stability in the COVID-19 Crisis: Some Reflections
Adrian, Tobias - 2022
The global financial system has shown remarkable resilience during the COVID-19 pandemic, despite a sharp decline in economic activity and the initial financial market upheaval in March 2020. This paper takes stock of the factors that contributed to this resilience, focusing on the role of...
Persistent link: https://www.econbiz.de/10015059965
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Sovereign Debt Repatriation During Crises
Arslanalp, Serkan - 2022
We use a new, comprehensive data set on the sovereign debt investor base to document three novel empirical facts: (i) sovereign debt is repatriated - that is, shifted from external private to domestic investors - prior to sovereign defaults; (ii) not all crises are equal: evidence for...
Persistent link: https://www.econbiz.de/10015060461
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Why are Saving Rates of Urban Households in China Rising?
Chamon, Marcos - 2008
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable … income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts …
Persistent link: https://www.econbiz.de/10012677609
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Household Income As A Determinant of Child Labor and School Enrollment in Brazil
Carvalho Filho, Irineu E. - 2008
This paper studies the effects of household income on labor participation and school enrollment of children aged 10 to … 14 in Brazil using a social security reform as a source of exogenous variation in household income. Estimates imply that … the gap between actual and full school enrollment was reduced by 20 percent for girls living in the same household as an …
Persistent link: https://www.econbiz.de/10012677675
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Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.
Klyuev, Vladimir - 2006
INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS … COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI. ECONOMETRIC ANALYSIS -- VII. RECENT EXPERIENCE OF HEW IN AUSTRALIA …
Persistent link: https://www.econbiz.de/10012691040