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Spillovers of the U.S. Subprime Financial Turmoil to Mainland China and Hong Kong SAR : Evidence from Stock Markets
Zhang, Xiaojing - 2009
China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China''s stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China''s returns, and past volatility shocks in the United States have a more persistent effect on …
Persistent link: https://www.econbiz.de/10014402277
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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 position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and emerging economies and new database on the IIP's currency composition, we find that...
Persistent link: https://www.econbiz.de/10012517927
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A Panic-Prone Pack? : The Behavior of Emerging Market Mutual Funds
Gelos, Gaston - 2000
This paper explores the behavior of emerging market mutual funds using a novel database covering the holdings of individual funds over the period January 1996 to March 1999. An examination of individual crises shows that, on average, funds withdrew money one month prior to the events. The degree...
Persistent link: https://www.econbiz.de/10014403436
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Mortgage defaults
Hatchondo, Juan Carlos; Martinez, Leonardo; Sanchez, Juan M. - 2012
Persistent link: https://www.econbiz.de/10009423925
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Resolving residential mortgage distress : time to modify?
Andritzky, Jochen R. - 2014
Persistent link: https://www.econbiz.de/10010479448
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What fuels the boom drives the bust : regulation and the mortgage crisis
Dagher, Jihad C.; Fu, Ning - 2011
Persistent link: https://www.econbiz.de/10009422425
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Money for Nothing and Checks for Free : Recent Developments in U.S. Subprime Mortgage Markets
Mills, Paul S. - 2007
After a number of warning signs, the U.S. ""subprime mortgage crisis"" became a headline issue in February 2007. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant tightening in subprime lending standards, the impact...
Persistent link: https://www.econbiz.de/10014400434
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Exposure to Real Estate Losses : Evidence from the US Banks
Pinheiro, Marcelo - 2009
We implement a three-step procedure to assess the extent of exposure to real estate in commercial banks. First, we demonstrate interest rates and income to be the major determinants of delinquency. Then, we adopt a stress testing approach to calculate the impact of any adverse changes in these...
Persistent link: https://www.econbiz.de/10014403078
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Official demand for U.S. debt : implications for U.S. real interest rates
Kaminska, Iryna; Zinna, Gabriele - 2014
Persistent link: https://www.econbiz.de/10010360014
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Accounting for reserves
Bayoumi, Tamim A.; Saborowski, Christian - 2012
Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cited as contributing to undervalued exchange rates and current account surpluses....
Persistent link: https://www.econbiz.de/10012671070