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A Dual Liquidity Model for Emerging Markets

Caballero, Ricardo J. - 2002

emerging economy, and those affecting borrowing from foreign lenders. This 'dual liquidity' model offers a parsimonious …

Persistent link: https://www.econbiz.de/10012469957

Global market inefficiencies

Bartram, Söhnke M.; Grinblatt, Mark - In: Journal of financial economics 139 (2021) 1, pp. 234-259

Persistent link: https://www.econbiz.de/10012650238

Balance SHeet Effects, Bailout Guarantees and Financial Crises

Schneider, Martin - 2000

Several recent twin' currency and banking crises were preceded by lending booms during which the banking system financed rapid growth of the nontradable (N) sector by borrowing in foreign currency. They were followed by recessions during which a sharp decline in credit especially hurt the...

Persistent link: https://www.econbiz.de/10012470672

Banking, Trade, and the making of a Dominant Currency

Gopinath, Gita - 2018

We explore the interplay between trade invoicing patterns and the pricing of safe assets in different currencies. Our theory highlights the following points: 1) a currency's role as a unit of account for invoicing decisions is complementary to its role as a safe store of value; 2) this...

Persistent link: https://www.econbiz.de/10012453230

Dealer financial conditions and lender-of-last-resort facilities

Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren B.; … - In: Journal of financial economics 123 (2017) 1, pp. 81-107

Persistent link: https://www.econbiz.de/10011725183

Endogenous debt maturity : liquidity risk vs. default risk

Manuelli, Rodolfo E.; Sanchez, Juan M. - 2018

Persistent link: https://www.econbiz.de/10011950510

Maturity structure and liquidity risk

Andolfatto, David - 2020

This paper studies the optimal maturity structure for government debt when markets for liquidity insurance are … in short and long maturities solves a liquidity insurance problem, but optimal yield curve policy is only possible if …

Persistent link: https://www.econbiz.de/10012216886

Credit default swaps, exacting creditors and corporate liquidity management

Subrahmanyam, Marti G.; Tang, Dragon Yongjun; Wang, … - In: Journal of financial economics 124 (2017) 2, pp. 395-414

Persistent link: https://www.econbiz.de/10011751452

Stock liquidity and default risk

Brogaard, Jonathan; Li, Dan; Xia, Ying - In: Journal of financial economics 124 (2017) 3, pp. 486-502

Persistent link: https://www.econbiz.de/10011751480

Welfare-enhancing inflation and liquidity premia

Andolfatto, David; Martin, Fernando M. - 2023

Persistent link: https://www.econbiz.de/10014249266

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