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Finance and Convergence : What's Ahead for Emerging Europe?

Schellekens, Philip - 2007

emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for …

Persistent link: https://www.econbiz.de/10014400318

Financing Infrastructure in India : Macroeconomic Lessons and Emerging Market Case Studies

Walsh, James - 2011

Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...

Persistent link: https://www.econbiz.de/10014398382

Idiosyncratic and Systemic Risk in the European Corporate Sector : A CDO Perspective

Lu, Yinqiu - 2006

corporate sector using midprice quotes for STCDOs referencing the iTraxx Europe index …

Persistent link: https://www.econbiz.de/10014400379

Comparing the Performance of Logit and Probit Early Warning Systems for Currency Crises in Emerging Market Economies

Comelli, Fabio - 2014

We compare how logit (fixed effects) and probit early warning systems (EWS) predict insample and out-of-sample currency crises in emerging markets (EMs). We look at episodes of currency crises that took place in 29 EMs between January 1995 and December 2012. Stronger real GDP growth rates and...

Persistent link: https://www.econbiz.de/10014411253

Financial and Enterprise Restructuring in Emerging Market Economies

Fries, Steven - 1994

This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this...

Persistent link: https://www.econbiz.de/10014396324

The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe

International Monetary Fund - 1994

selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with …

Persistent link: https://www.econbiz.de/10014398716

Foreign banks and credit dynamics in CESEE

Arakelyan, Maria - 2018

We use bank-level data on 16 CESEE economies over 2005-2014 to assess the role of foreign banks in the region's credit … dynamics. We confirm that macroeconomic fundamentals of both host and home countries matter, as do the bank and parent bank … foreign subsidiaries. Host country macroeconomic fundamentals cease to play a significant role, while bank …

Persistent link: https://www.econbiz.de/10011799608

How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets?

Arora, Vivek B. - 2000

This paper quantifies the economic impact of changes in U.S. monetary policy on emerging market countries. We explore empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital...

Persistent link: https://www.econbiz.de/10014403506

An Institutional Framework for Comparing Emerging Market Currency Boards

Camilleri Gilson, Marie-Thérèse - 2004

Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …

Persistent link: https://www.econbiz.de/10014404156

Explaining the shadow economy in Europe : size, causes and policy options

Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging … economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years … but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow …

Persistent link: https://www.econbiz.de/10012155041