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Financial Globalization, Financial Crises and Contagion

Mendoza, Enrique G. - 2009

financial institutions and asset markets. Using an open-economy model where financial intermediaries play a central role, we …

Persistent link: https://www.econbiz.de/10012463217

Global Business Cycles : Convergence or Decoupling?

Kose, M. Ayhan - 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups -- industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...

Persistent link: https://www.econbiz.de/10012464278

International Evidence on Fiscal Solvency : Is Fiscal Policy "Responsible"?

Mendoza, Enrique G. - 2007

This paper looks at fiscal solvency and public debt sustainability in both emerging market and advanced countries. Evidence of fiscal solvency, in the form of a robust positive conditional relationship between public debt and the primary fiscal balance, is established in both groups of...

Persistent link: https://www.econbiz.de/10012465709

Determinants of Deposit-Insurance Adoption and Design

Demirguc-Kunt, Asli - 2007

This paper identifies factors that influence decisions about a country's financial safety net, using a comprehensive dataset covering 180 countries during the 1960-2003 period. Our analysis focuses on how private interest-group pressures, outside influences, and political-institutional factors...

Persistent link: https://www.econbiz.de/10012465794

How Country and Safety-Net Characteristics Affect Bank Risk-Shifting

Hovakimian, Armen - 2002

insurance has had adverse effects in environments that are low in political and economic freedom and high in corruption …

Persistent link: https://www.econbiz.de/10012469384

Why Should Emerging Economies Give up National Currencies : A Case for 'Institutions Substitution'

Mendoza, Enrique G. - 2002

explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national …

Persistent link: https://www.econbiz.de/10012469764

How Big (Small?) are Fiscal Multipliers?

Ilzetzki, Ethan - 2010

We contribute to the debate on the macroeconomic effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a...

Persistent link: https://www.econbiz.de/10012462178

Deposit Insurance Database

Demirgüç-Kunt, Asli - 2014

This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks' assets and liabilities, including during the recent...

Persistent link: https://www.econbiz.de/10012458388

World Shocks, World Prices, and Business Cycles : An Empirical Investigation

Fernández, Andrés - 2016

intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …

Persistent link: https://www.econbiz.de/10012455847