Narrow search
Showing 1 - 10 of 4,108
Cover Image
The "Other" Imbalance and the Financial Crisis
Caballero, Ricardo J. - 2010
the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments …. Essentially, the financial sector was able to create "safe" assets from the securitization of lower quality ones, but at the cost …
Persistent link: https://www.econbiz.de/10012463014
Cover Image
Global Liquidity : Drivers, Volatility and Toolkits
Goldberg, Linda S. - National Bureau of Economic Research - 2023
Global liquidity refers to the volumes of financial flows - largely intermediated through global banks and non-bank … regulatory agendas related to non-bank financial institutions …
Persistent link: https://www.econbiz.de/10014322743
Cover Image
Home Bias in Open Economy Financial Macroeconomics
Coeurdacier, Nicolas - 2011
different types of assets: equities, bonds and bank lending and new micro data on institutional holdings of equity at the fund …
Persistent link: https://www.econbiz.de/10012460966
Cover Image
Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
Aizenman, Joshua - 2011
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10012461155
Cover Image
The Financial Crisis and The Geography of Wealth Transfers
Gourinchas, Pierre-Olivier - 2011
This paper studies the geography of wealth transfers during the 2008 global financial crisis. We construct valuation changes on bilateral external positions in equity, direct investment and portfolio debt at the height of the crisis to map who benefited and who lost on their external exposure....
Persistent link: https://www.econbiz.de/10012461305
Cover Image
The Shifting Drivers of Global Liquidity
Avdjiev, Stefan - 2017
The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and … "taper tantrum", and then partially reverted towards pre-crisis levels. Conversely, the responsiveness of international bank … securities. The increased sensitivity of international bank flows to US monetary policy has been driven mainly by post …
Persistent link: https://www.econbiz.de/10012455117
Cover Image
Financial Globalization, Financial Crises and Contagion
Mendoza, Enrique G. - 2009
large asset price spillovers of country-specific shocks to bank capital. The impact of these shocks on asset prices are … amplified by bank capital requirements based on mark-to-market …
Persistent link: https://www.econbiz.de/10012463217
Cover Image
Crises and Sudden Stops : Evidence from International Bond and Syndicated-Loan Markets
Kaminsky, Graciela L. - 2008
The crises in Mexico, Thailand, and Russia in the 1990s spread quite rapidly to countries as far apart as South Africa and Pakistan. In the aftermath of these crises, many emerging economies lost access to international capital markets. Using data on international primary issuance, this paper...
Persistent link: https://www.econbiz.de/10012464398
Cover Image
Financial Globalization : A Reappraisal
Kose, M. Ayhan - 2006
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. We attempt to provide a unified conceptual framework for organizing this vast and growing...
Persistent link: https://www.econbiz.de/10012466181
Cover Image
The Unholy Trinity of Financial Contagion
Kaminsky, Graciela L. - 2003
Over the last 20 years, some financial events, such as devaluations or defaults, have triggered an immediate adverse chain reaction in other countries -- which we call fast and furious contagion. Yet, on other occasions, similar events have failed to trigger any immediate international reaction....
Persistent link: https://www.econbiz.de/10012468633