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Tracking global demand for emerging market sovereign debt

Arslanalp, Serkan; Tsuda, Takahiro - 2014

Persistent link: https://www.econbiz.de/10010359857

Emerging market portfolio flows : the role of benchmark-driven investors

Arslanalp, Serkan; Tsuda, Takahiro - 2015

Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called 'benchmark effect.' This paper finds that benchmark-driven investors indeed play a large role in a key segment of the...

Persistent link: https://www.econbiz.de/10011445830

Tracking global demand for advanced economy sovereign debt

Arslanalp, Serkan (contributor); Tsuda, Takahiro (contributor) - 2012

from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …

Persistent link: https://www.econbiz.de/10009678886

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/10012671535

The Transmission of Financial Stress From Advanced to Emerging Economies

Danninger, Stephan - 2009

This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system''s ability to intermediate may be impaired. Previous financial...

Persistent link: https://www.econbiz.de/10014402388

Tracking Global Demand for Advanced Economy Sovereign Debt

Arslanalp, Serkan - 2012

from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …

Persistent link: https://www.econbiz.de/10014395524

Tracking Global Demand for Emerging Market Sovereign Debt

Arslanalp, Serkan - 2014

This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced economies (Arslanalp and Tsuda, 2012). The estimates are constructed on a quarterly basis from...

Persistent link: https://www.econbiz.de/10014411133

A (New) Country Insurance Facility

Cordella, Tito - 2005

To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we propose the creation of a country insurance facility. The facility, which we envisage as complementary to the existing multilateral lending facilities, would provide eligible countries with automatic...

Persistent link: https://www.econbiz.de/10014401142

European Monetary Union and International Capital Markets : Structural Implications and Risks

Schinasi, Garry J. - 1997

size of euro capital markets and the existing roles of European currencies in international capital markets. The paper also … examines the euro’s impact on international securities markets, including the role of the ECB, the evolution of EMU securities …, as are the broader implications of the introduction of the euro for changes in international capital flows, international …

Persistent link: https://www.econbiz.de/10014400521

Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU

Masson, Paul R. - 1997

The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy … inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the …

Persistent link: https://www.econbiz.de/10014400817