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Global liquidity, risk premiums and growth opportunities

De Nicolò, Gianni; Ivaschenko, Iryna V. - 2009

Persistent link: https://www.econbiz.de/10003870443

Global Liquidity, Risk Premiums and Growth Opportunities

De Nicoló, Gianni - 2009

This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international … financial integration, but markets have been increasingly exposed to global systemic liquidity shocks. Second, liq …

Persistent link: https://www.econbiz.de/10012677727

Disintermediation and monetary transmission in Canada

Roldós, Jorge E. - 2006

Persistent link: https://www.econbiz.de/10003321986

Disintermediation and Monetary Transmission in Canada.

Roldos, Jorge - 2006

Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL DEREGULATION AND DISINTERMEDIATION -- III. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM VAR MODELS -- IV. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM STRUCTURAL MODELS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- References.

Persistent link: https://www.econbiz.de/10012691064

The Use (and Abuse) of CDS Spreads During Distress

Spackman, Carolyne - 2009

Credit Default Swap spreads have been used as a leading indicator of distress. Default probabilities can be extracted from CDS spreads, but during distress it is important to take account of the stochastic nature of recovery value. The recent episodes of Landbanski, WAMU and Lehman illustrate...