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The Composition Matters : Capital Inflows and Liquidity Crunch During a Global Economic Crisis

Tong, Hui - 2009

non-FDI capital inflows worsens the credit crunch, while exposure to FDI alleviates the liquidity constraint. Similar …

Persistent link: https://www.econbiz.de/10014402471

External Finance, Sudden Stops, and Financial Crisis : What is Different This Time?

Ozkan, F. Gulcin - 2010

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...

Persistent link: https://www.econbiz.de/10014412199

Bankruptcy and Firm Dynamics : The Case of the Missing Firms

Rodríguez-Delgado, Jose Daniel - 2010

Financial frictions have been documented as an important determinant of firm dynamics. In this paper I model bankruptcy procedures, liquidation in particular, as an institutional feature that affects both sides of financial transactions. I construct a model of firm dynamics that generate...

Persistent link: https://www.econbiz.de/10014402687

Does G-4 liquidity spill over?

Psalida, L. Effie; Sun, Tao - 2011

Persistent link: https://www.econbiz.de/10009422684

The impact of unconventional monetary policy measures by the systemic four on global liquidity and monetary conditions

Korniyenko, Yevgeniya; Loukoianova, Elena - 2015

States, the United Kingdom, Euro area and Japan- the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …

Persistent link: https://www.econbiz.de/10011445532

Does G-4 Liquidity Spill Over?

Psalida, L. Effie - 2011

liquidity, asks the question whether G-4 liquidity expansion spills over to the rest of the world. The paper finds strong … positive links between G-4 liquidity expansion and asset prices, such as equities, in the liquidity receiving economies, which … indicates that the push factor plays an important role in asset prices. Liquidity also has a strong positive link with the …

Persistent link: https://www.econbiz.de/10014398049

Capital Flows and the Twin Crises : The Role of Liquidity

Goldfajn, Ilan - 1997

This paper develops a model that focuses on the interaction of liquidity creation by financial intermediaries with …

Persistent link: https://www.econbiz.de/10014400378

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...

Persistent link: https://www.econbiz.de/10012251966

Financial Frictions and Business Cycles in Middle-Income Countries

Guajardo, Jaime - 2008

A standard DSGE small open economy model can not generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoothing, and procyclical, instead of countercyclical, real net exports. Previous studies have solved this problem by increasing the shocks’...

Persistent link: https://www.econbiz.de/10014401285

Does Spousal Labor Smooth Fluctuations in Husbands' Earnings? : The Role of Liquidity Constraints

Garcia-Escribano, Mercedes - 2004

liquidity constraints, the temporal change in family income (exclusive of wives'' earnings) reinforces the substitution effect …

Persistent link: https://www.econbiz.de/10014401440