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Carry trade vs. deposit-driven euroization

Geng, Nan; Scutaru, Tiberiu; Wiegand, Johannes - 2018

Financial 'euroization'-or 'dollarization' outside of Central and Eastern Europe-is typically analyzed as a singular phenomenon that can be traced to a common set of factors. This paper argues that two types of euroization need to be distinguished, which have different causes, economic...

Persistent link: https://www.econbiz.de/10011848140

The Euro’s Effecton Trade Imbalances

Berger, Helge - 2010

over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …

Persistent link: https://www.econbiz.de/10014397576

Risk management maturity assessment at central banks

Chamoun, Elie; Denewet, Nicolas; Manzanera, Antonio; … - 2019

Effective risk management at central banks is best enabled by a sound framework embedded throughout the organization that supports the design and execution of risk management activities. To evaluate the risk management practices at a central bank, the Safeguards Assessments Division of the IMF's...

Persistent link: https://www.econbiz.de/10012155243

Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships

De Palma, André - 2009

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...

Persistent link: https://www.econbiz.de/10014403060

Market-based structural top-down stress tests of the banking system

Chan-Lau, Jorge A. - 2013

Persistent link: https://www.econbiz.de/10009747237

A new heuristic measure of fragility and tail risks : application to stress testing

Taleb, Nassim Nicholas; Canetti, Elie; Kinda, Tidiane; … - 2012

This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to public debt. Stress testing can be seen as a first order test of the level of potential negative outcomes in response to tail shocks. However, the results of stress testing can be...

Persistent link: https://www.econbiz.de/10009621630

Effects of culture on firm risk-taking : a cross-country and cross-industry analysis

Mihet, Roxana - 2012

This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic firms in countries with low uncertainty aversion, low tolerance for hierarchical...

Persistent link: https://www.econbiz.de/10009621644

"Near-coincident" indicators of systemic stress

Arsov, Ivailo; Canetti, Elie; Kodres, Laura E.; Mitra, … - 2013

Persistent link: https://www.econbiz.de/10009756804

Managing income tax compliance through self-assessment

Okello, Andrew - 2014

Persistent link: https://www.econbiz.de/10010359863

Assessing bias and accuracy in the World Bank-IMF's debt sustainability framework for low-income countries

Berg, Andrew; Berkes, Enrico; Pattillo, Catherine A.; … - 2014

Persistent link: https://www.econbiz.de/10010359920

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