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Sudden Stops and Optimal Policy in a Two-agent Economy

Biljanovska, Nina - 2022

We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study … Sudden Stop dynamics and optimal policy. We show that the distinction between workers and entrepreneurs introduces a … the relative marginal utilities of consumption, the planner additionally favors entrepreneurs during Sudden Stops to …

Persistent link: https://www.econbiz.de/10015060238

Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies

End, Nicolas - 2024

Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...

Persistent link: https://www.econbiz.de/10015058746

One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows

Zakharova, Daria - 2008

This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country empirical literature, the paper distills some guiding principles for policy...

Persistent link: https://www.econbiz.de/10014409078

Sudden Stops and Optimal Self-Insurance

Kim, Jun Il - 2008

This paper presents a simple model of optimal reserves that can be easily calibrated to compute optimal reserves as well as the implied probability of a sudden stop for given reserves. The model builds upon the global games framework of Morris and Shin to establish a unique relationship between...

Persistent link: https://www.econbiz.de/10012677603

Do Capital Controls Limit Inflow Surges?

Bhargava, Apoorv - 2023

With rising financial integration, the magnitude and swings in capital flows have increased in the past two decades, intensifying the policy debate on how best to deal with these flows. This paper assesses the use and effectiveness of capital controls in limiting inflow surges. Using a novel...

Persistent link: https://www.econbiz.de/10015059619

External Financing of Emerging Market Countries : Evidence from Two Waves of Financial Globalization

Faria, André - 2006

Persistent link: https://www.econbiz.de/10012690986

Financial Globalization : A Reappraisal

Rogoff, Kenneth S. - 2006

Intro -- Contents -- EXECUTIVE SUMMARY -- I. INTRODUCTION -- II. A BRIEF OVERVIEW OF THEORY -- III. MEASURING FINANCIAL …

Persistent link: https://www.econbiz.de/10012690991

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

How Effective is Fiscal Policy Response in Systemic Banking Crises?

Gupta, Sanjeev - 2009

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...

Persistent link: https://www.econbiz.de/10012677822

Global Financial Crisis, Financial Contagion, and Emerging Markets.

Ozkan, F. Gulcin - 2012

investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We ….2.2 Importing Firms -- 2.2.3 Unfinished Capital Producing Firms -- 2.3 Entrepreneurs -- 2.4 Monetary Policy -- 2.5 General … -- 3.2 Entrepreneurs -- 4. Financial Crisis and the Domestic Economy -- 4.1 Model Dynamics -- 4.2 Financial Crisis …

Persistent link: https://www.econbiz.de/10012690152