Showing 1 - 10 of 1,033
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
The primary function of banks during economic transformation is seen to be provision of an efficient payments mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in stable monetary systems. This is a problem which can be expected to last many...
Persistent link: https://www.econbiz.de/10014396465
As the countries of Eastern and Central Europe transform their economies from centrally–planned to market–oriented, the question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed. This paper argues that the issue of a good...
Persistent link: https://www.econbiz.de/10014398742
Union but, when possible, transition countries, in Asia and Africa are also considered. The main findings are that …
Persistent link: https://www.econbiz.de/10014403596
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
Persistent link: https://www.econbiz.de/10009419731
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10012604765
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … more financially integrated than other regions. Asia, more interestingly, already seems to have made more progress on this … sample suggest that one factor holding back investment in foreign bonds in East Asia may be limited geographical …
Persistent link: https://www.econbiz.de/10014400278
Exchange market pressure (EMP), the sum of exchange rate depreciation and reserve outflows (scaled by base money), summarizes the flow excess supply of money in a managed exchange rate regime. Examining Brazil, Chile, Mexico, Indonesia, Korea, and Thailand, this paper finds that monetary policy...
Persistent link: https://www.econbiz.de/10014400654
This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with … America, as opposed to Asia, output is affected more by external and domestic demand shocks …
Persistent link: https://www.econbiz.de/10014403312