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Contagion of fear : is the impact of COVID-19 on sovereign risk really indiscriminate?

Cevik, Serhan; Öztürkkal, Belma - 2020

significant impact on market-implied sovereign default risk. This adverse effect appears to be more pronounced in advanced …

Persistent link: https://www.econbiz.de/10012392655

Sectoral shocks and spillovers : an application to COVID-19

Das, Sonali; Magistretti, Giacomo; Pugacheva, Evgenia; … - 2021

This paper examines the role of sectoral spillovers in propagating sectoral shocks in the broader economy, both in the past and during the COVID-19 pandemic. In particular, we study how shocks that occur within a sector itself and spillovers from shocks to other sectors affect sectoral activity,...

Persistent link: https://www.econbiz.de/10012605501

Reducing risk while sharing it : a fiscal recipe for the EU at the time of COVID-19

Batini, Nicoletta; Lamperti, Francesco; Roventini, Andrea - 2020

financial support to member countries lacks credibility. Some form of fiscal risk sharing is indeed better than none, especially … in presence of increasing sovereign default risk of some EU member countries. The moral hazard created by risk sharing …, depends on its costs. When these are low, risk sharing and delegation are substitutes and it is optimal to opt for high …

Persistent link: https://www.econbiz.de/10012302037

Corporate vulnerabilities in Vietnam and implications of COVID-19

Kroeger, Thilo; Anh Thi Ngoc Nguyen; Zhang, Yuanyan; … - 2020

The paper uses firm-level data to assess the financial health of the Vietnamese non-financial corporate sector on the eve of pandemic. Our analysis finds that smaller domestic firms were particularly vulnerable even by regional comparison. A sensitivity analysis suggests that the COVID-19 shock...

Persistent link: https://www.econbiz.de/10012392645

A pandemic forecasting framework : an application of risk analysis

Dizioli, Allan Gloe; Greenwood, Daniel Rivera; … - 2021

This paper introduces a simple, frequently and easily updated, close to the data epidemiological model that has been used for near-term forecast and policy analysis. We provide several practical examples of how the model has been used. We explain the epidemic development in the UK, the USA and...

Persistent link: https://www.econbiz.de/10012796794

Market frictions, interbank linkages and excessive interconnections

Deb, Pragyan - 2016

This paper studies banks' decision to form financial interconnections using a model of financial contagion that explicitly takes into account the crisis state of the world. This allows us to model the network formation decision as optimising behaviour of competitive banks, where they balance the...

Persistent link: https://www.econbiz.de/10011715336

Interconnectedness and contagion analysis : a practical framework

Bricco, Jana; Xu, TengTeng - 2019

The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of …

Persistent link: https://www.econbiz.de/10012122482

Sovereign Spreads : Global Risk Aversion, Contagion or Fundamentals?

Segoviano Basurto, Miguel A. - 2010

explores how much of these large movements reflected shifts in (i) global risk aversion (ii) country-specific risks, directly … in the crisis, the surge in global risk aversion was a significant factor influencing sovereign spreads, while recently … Spain, as the emphasis has shifted towards short-term refinancing risk and long-term fiscal sustainability. The paper …

Persistent link: https://www.econbiz.de/10014402913

A TIP against the COVID-19 pandemic

Chérif, Réda; Hasanov, Fuad - 2020

A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...

Persistent link: https://www.econbiz.de/10012252486

The effect of containment measures on the COVID-19 pandemic

Deb, Pragyan; Furceri, Davide; Ostry, Jonathan David; … - 2020

Countries have implemented several containment measures to halt the spread of the 2019 coronavirus disease, but it … data on the number of coronavirus disease cases as well as on real-time containment measures implemented by countries …

Persistent link: https://www.econbiz.de/10012300628