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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 - 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

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

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 Liquidation of Government Debt

2015 - Reinhart, Carmen ; Sbrancia, M. Belen ed

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for...

Persistent link: https://www.econbiz.de/10014411918

Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Bhattacharya, Rudrani - 2013

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...

Persistent link: https://www.econbiz.de/10014395178

Measuring Systemic Risk-Adjusted Liquidity (SRL) : A Model Approach

Jobst, Andreas A. - 2012

interconnectedness within institutions and markets on funding and market liquidity risk within financial systems. The Systemic Risk …-adjusted Liquidity (SRL) model combines option pricing with market information and balance sheet data to generate a probabilistic measure … of the frequency and severity of multiple entities experiencing a joint liquidity event. It links a firm’s maturity …

Persistent link: https://www.econbiz.de/10014395305