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Global Moral Hazard, Capital Account Liberalization and the ""Overlending Syndrome""
Levy Yeyati, Eduardo - 1999
existence of deposit guarantees in lender countries. The paper shows that, after restrictions on international capital flows are … through domestic banks. The results are consistent with the surge in international bank lending flows that led to recent …
Persistent link: https://www.econbiz.de/10014400643
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Transparency and International Investor Behavior
Wei, Shang-Jin - 2002
Does country ""transparency"" affect international portfolio investment? We examine this and related questions using a … unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency … transparent countries. Herding among funds is somewhat less prevalent in more transparent countries. During the Asian and Russian …
Persistent link: https://www.econbiz.de/10014399556
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Moral Hazard and International Crisis Lending : A Test
Dell'Ariccia, Giovanni - 2002
We test for the existence of a moral hazard effect attributable to official crisis lending by analyzing the evolution of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailout of Russia in August 1998 is interpreted as an event that decreased the perceived...
Persistent link: https://www.econbiz.de/10014399552
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The international monetary system : where are we and where do we need to go?
Mohan, Rakesh; Patra, Michael Debabrata; Kapur, Muneesh - 2013
Persistent link: https://www.econbiz.de/10010389956
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South Africa : the financial sector-sovereign nexus
Hesse, Heiko; Miyajima, Ken - 2022
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013170007
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External financing risks : how important is the composition of the international investment position?
Cubeddu, Luis; Ahmed Hannan, Swarnali; Rabanal, Pau - 2021
Building on the vast literature, this paper focuses on the role of the structure of the international investment …
Persistent link: https://www.econbiz.de/10012517927
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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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The transmission of external shocks in Asia : country characteristics and policy responses
Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021
Persistent link: https://www.econbiz.de/10012487199
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External adjustment and the global crisis
Lane, Philip R.; Milesi-Ferretti, Gian Maria - 2011
Persistent link: https://www.econbiz.de/10009423206
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Capital flows : the role of bank and nonbank balance sheets
Hashimoto, Yūko; Krogstrup, Signe - 2019
This paper assesses the role of bank and nonbank financial institutions' balance sheet foreign exposures and risk management practices in driving capital flow responses to global risk. Using a unique and previously unexplored dataset on domestic and cross border balance sheet positions of...
Persistent link: https://www.econbiz.de/10012019857