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How to capture macro-financial spillover effects in stress tests?
Hesse, Heiko; Salman, Ferhan; Schmieder, Christian - 2014
Persistent link: https://www.econbiz.de/10010388854
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Contagion of fear : is the impact of COVID-19 on sovereign risk really indiscriminate?
Cevik, Serhan; Öztürkkal, Belma - 2020
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655
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Assessing systemic trade interconnectedness : an empirical approach
Errico, Luca; Massara, Alexander - 2011
Persistent link: https://www.econbiz.de/10009422421
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Evolution of the global financial network and contagion : a new approach
Korniyenko, Yevgeniya; Patnam, Manasa; Del Rio-Chanona, … - 2018
This paper studies the interconnectedness of the global financial system and its susceptibility to shocks. A novel multilayer network framework is applied to link debt and equity exposures across countries. Use of this approach-that examines simultaneously multiple channels of transmission and...
Persistent link: https://www.econbiz.de/10011852664
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Financial Institutions, Financial Contagion, and Financial Crises
Huang, Haizhou - 2000
Financial crises are endogenized through corporate and interbank market institutions. Single-bank financing leads to a pooling equilibrium in the interbank market. With private information about one’s own solvency, the best illiquid banks will not borrow but rather will liquidate some...
Persistent link: https://www.econbiz.de/10014399937
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Assessing Systemic Trade Interconnectedness : An Empirical Approach
Massara, Alexander - 2011
The paper focuses on systemically important jurisdictions in the global trade network, complementing recent IMF work on systemically important financial sectors. Using the IMF''s Direction of Trade Statistics (DOTS) database and network analysis, the paper develops a framework for ranking...
Persistent link: https://www.econbiz.de/10014398356
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Systemic Risk from Global Financial Derivatives : A Network Analysis of Contagion and Its Mitigation with Super-Spreader Tax
Markose, Sheri M. - 2012
Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...
Persistent link: https://www.econbiz.de/10014395549
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Shadow Economies Around the World : Size, Causes, and Consequences
Schneider, Friedrich - 2000
are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the … extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …
Persistent link: https://www.econbiz.de/10014399609
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Corruption and Military Spending
International Monetary Fund - 2000
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …
Persistent link: https://www.econbiz.de/10014399916
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Does Regulatory Governance Matter for Financial System Stability? : An Empirical Analysis
Das, Udaibir S. - 2004
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on...
Persistent link: https://www.econbiz.de/10014401039