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Die Entwicklungschancen Lateinamerikas: Ein Blick über die Argentinien-Krise hinaus

Schweickert, Rainer - 2002

Der Beitrag analysiert die Argentinien-Krise, vergleicht die makroökonomische Entwicklung von Argentinien, Brasilien, Chile und Mexiko seit der Mexiko-Krise und entwickelt Indikatoren zur Beurteilung der Entwicklungschancen dieser Länder. Für Argentinien wie für Brasilien, Chile und Mexiko...

Persistent link: https://www.econbiz.de/10010283010

Euro area: Single currency - national money creation

Kooths, Stefan; van Roye, Björn - 2012

The Eurosystem has been pursuing a crisis management policy for more than four years now. This policy aims primarily at maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in nationally segmented banking systems. As a side...

Persistent link: https://www.econbiz.de/10010288223

Foreign currency bank funding and global factors

Krogstrup, Signe; Tille, Cédric - 2018

The literature on drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial...

Persistent link: https://www.econbiz.de/10011848887

National and international business cycle effects of housing crises

Jannsen, Nils - 2009

Housing crises usually go hand in hand with a long lasting recession and a considerable loss in output. We first re-examine the effects of a housing crises on the business cycle based on historical crises. Then we estimate the international spill-over-effects if several huge industrial countries...

Persistent link: https://www.econbiz.de/10010265229

The international transmission of euro area monetary policy shocks

Jannsen, Nils; Klein, Melanie - 2011

This paper analyzes the international transmission effects of euro area monetary policy shocks in to other western European countries, namely the United Kingdom, Sweden, Switzerland, Denmark, and Norway. For this purpose, we use a structural VAR model of the euro area and augment it...

Persistent link: https://www.econbiz.de/10010285721

A tale of two policies: prudential regulation and monetary policy with fragile banks

Angeloni, Ignazio; Faia, Ester - 2009

runs, and the interplay between monetary policy and Basel-like capital ratios. In equilibrium, bank leverage depends … rates. A monetary restriction reduces leverage, while a productivity or asset price boom increases it. Procyclical capital … anticyclical capital ratios and a response of monetary policy to asset prices or leverage. …

Persistent link: https://www.econbiz.de/10010265836

Are Banks Different? Evidence from International Data

Buch, Claudia M. - 2000

Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between...

Persistent link: https://www.econbiz.de/10010260449

Macroeconomic Shocks and Foreign Bank Assets

Buch, Claudia M.; Carstensen, Kai; Schertler, Andrea - 2005

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...

Persistent link: https://www.econbiz.de/10010260537

Währungskrisen: Frühwarnindikatoren, Übertragungskanäle, Lösungsansätze

Siebert, Horst - 1999

Neben Frühindikatoren und Übertragungsmechanismen werden Lösungsansätze diskutiert. Bei den multilateralen Ansätzen führt die Einführung von Referenzzonen nicht weiter, die Behinderung des internationalen Kapitalverkehrs ist mit erheblichen Wohlfahrtsverlusten verbunden. Der...

Persistent link: https://www.econbiz.de/10010265430

An iron law of currency crisis: the divergence of the nominal and the real exchange rate and increasing current account deficits

Siebert, Horst - 2002

The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...

Persistent link: https://www.econbiz.de/10010265529