Similar Search Results

The big split : why did output trajectories in the ASEAN-4 diverge after the global financial crisis?

Isnawangsih, Agnes; Kljuev, Vladimir Vladimirovič; … - 2013

, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …

Persistent link: https://www.econbiz.de/10012667433

Balance sheets and debt crises : empirical regularities for modern cases of sovereign distress

Huertas Laverde, Gonzalo; Meyer Cirkel, Alexis - 2021

Public and private sector balance sheets are an important component to any analysis of debt sustainability. A vulnerable and indebted private sector can become a sudden liability for the government; alternatively, resilient household and bank balance sheets may reveal potential sources of...

Persistent link: https://www.econbiz.de/10012613508

Explaining ASEAN-3’s investment puzzle : a tale of two sectors

Zhou, Yong Sarah - 2013

. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis …

Persistent link: https://www.econbiz.de/10012670992

Financial and sovereign debt crises : some lessons learned and those forgotten

Reinhart, Carmen M.; Rogoff, Kenneth S. - 2013

Persistent link: https://www.econbiz.de/10010389811

Investor information and bank instability during the European debt crisis

Iorgova, Silvia; Ross, Chase P. - 2021

Persistent link: https://www.econbiz.de/10012487211

Predicting fiscal crises

Cerovic, Svetlana; Gerling, Kerstin; Hodge, Andrew; … - 2018

This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...

Persistent link: https://www.econbiz.de/10011905898

Debt seniority and sovereign debt crises

Ari, Anil; Corsetti, Giancarlo; Dedola, Luca - 2018

Is the seniority structure of sovereign debt neutral for a government's decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an...

Persistent link: https://www.econbiz.de/10011852569

The impact of bailouts on the probability of sovereign debt crises : evidence from IMF-supported programs

Balima, Wenéyam Hippolyte; Sy, Amadou N. R. - 2019

This paper studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce...

Persistent link: https://www.econbiz.de/10011996413

Exchange Rate Policy and Debt Crises in Emerging Economies

Montiel, Peter - 2003

We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects the supply of short-term debt facing the government. We show that under a credible hard peg...

Persistent link: https://www.econbiz.de/10014403958

The Eurozone Crisis : How Banks and Sovereigns Came to Be Joined At the Hip

Sandri, Damiano - 2011

We use the rise and dispersion of sovereign spreads to tell the story of the emergence and escalation of financial tensions within the eurozone. This process evolved through three stages. Following the onset of the Subprime crisis in July 2007, spreads rose but mainly due to common global...

Persistent link: https://www.econbiz.de/10014397492

1
2
3
4
5
6
7
8
9
10
Next
Last