Similar Search Results

Is the Exchange Rate a Shock Absorber? : The Case of Sweden

Thomas, Alun H. - 1997

determinants of movements in Sweden’s real exchange rate. It finds that, while (supply and demand) shocks account for over 60 … account for a higher fraction of these real shocks in Sweden than in those core countries. If real demand shocks result from … controllable macroeconomic policies, the cost of relinquishing the exchange rate is no higher, and may be lower, for Sweden than …

Persistent link: https://www.econbiz.de/10014403334

New Zealand banks’ vulnerabilities and capital adequacy

Jang, Byung K.; Kataoka, Masahiko - 2013

banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks …

Persistent link: https://www.econbiz.de/10012671009

Stress testing corporate balance sheets in emerging economies

Chow, Julian T. S. - 2015

In recent years, firms in emerging market countries have increased borrowing, particularly in foreign currency, owing to easy access to global capital markets, prolonged low interest rates and good investment opportunities. This paper discusses the trends in emerging market corporate debt and...

Persistent link: https://www.econbiz.de/10011408290

Fair weather or foul? : the macroeconomic effects of El Niño

Cashin, Paul A.; Mohaddes, Kamiar; Raissi, Mehdi - 2015

Persistent link: https://www.econbiz.de/10011281172

Remittances and vulnerability in developing countries

Bettin, Giulia; Presbitero, Andrea; Spatafora, Nikola - 2014

Persistent link: https://www.econbiz.de/10010389497

Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing-Country Model with Rational Expectations

International Monetary Fund - 1990

The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...

Persistent link: https://www.econbiz.de/10014396467

A unified model of cohort mortality for economic analysis

Lleras-Muney, Adriana; Moreau, Flavien - 2021

We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model sheds light on the dynamics behind many phenomena...

Persistent link: https://www.econbiz.de/10012518293

Scenario analysis with the DD-PD mapping approach : stock market shocks and U.S. corporate default risk

Chan-Lau, Jorge A. - 2021

This paper introduces the quantile regression- based Distance-to-Default to Probability of Default (DD-PD) mapping, which links individual firms' DD to their real world PD. Since changes in the DD depend on a handful of parameters, the mapping easily accommodates shocks arising from quantitative...

Persistent link: https://www.econbiz.de/10012613371

Financial crises, investment slumps, and slow recoveries

Cerra, Valerie; Hakamada, Mai; Lama C., Ruy - 2021

One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...

Persistent link: https://www.econbiz.de/10012610732

Capital gaps, risk dynamics, and the macroeconomy

Lipinsky, Fabian T.; Miescu, Mirela S. - 2020

Motivated by the increasing interest in analyzing the links between the financial sector and the real economy, we develop a macro-financial structural model with two novel features. First, we include idiosyncratic and aggregate risk in a tractable general equilibrium model. This allows us to...

Persistent link: https://www.econbiz.de/10012391995