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Determinants of financial stress and recovery during the great recession
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price...
Persistent link: https://www.econbiz.de/10010287772
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Determinants of financial stress and recovery during the great recession
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price...
Persistent link: https://www.econbiz.de/10010288149
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Selective swap arrangements and the global financial crisis: Analysis and interpretation
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2009
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10010287784
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Selective swap arrangements and the global financial crisis: Analysis and interpretation
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2009
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10010288132
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Developing India's offshore local currency bond market: Lessons from emerging countries
Kohli, Renu; Sahoo, Pravakar; Shuheb Khan, M. - 2017
peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by … EMEs exploiting the opportunity. India also launched its rupee-denominated bond (masala bond) abroad in 2013, seeking to …
Persistent link: https://www.econbiz.de/10011807883
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Unconventional monetary policy under appreciation pressure: The role of financial frictions
Aregger, Nicole; Leutert, Jessica - 2017
We build a two-country model with imperfect financial intermediation. Banks face limits to arbitrage which lead to positive excess returns in the investment markets and a risk premium in the international credit market. Gross capital flows affect the exchange rate since banks are balance sheet...
Persistent link: https://www.econbiz.de/10011961432
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International gross capital flows: A new measure and application to a global panel
Janus, Thorsten; Riera-Crichton, Daniel - 2009
This paper presents a new measure of international gross capital flows and applies it to a global panel from 1970 to 2004. We explain why paying attention to the gross flows underlying net capital flows may be important and how our gross flow measure differs from the standard measure in the...
Persistent link: https://www.econbiz.de/10010287756
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Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-9, and a cost benefit analysis
Aizenman, Joshua - 2010
In this paper we outline a Pigovian tax-cum-subsidy scheme that deals with concerns about the costs and efficacy of hoarding international reserves (IR) as a means of self-insurance against a deleveraging crisis. We overview the degree to which IR provided self-insurance to Emerging Markets...
Persistent link: https://www.econbiz.de/10010287764
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Central Bank Independence, Regulations, and Monetary Policy : From Germany and Greece to China and the United States
Ray Chaudhuri, Ranajoy - 2018
, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and … -- 5. Germany and the European Central Bank -- 6. Greece -- 7. The Russian Federation -- 8. India -- 9. China -- 10. Japan … -- 11. Brazil -- 12. South Africa -- 13. Conclusion …
Persistent link: https://www.econbiz.de/10012396941
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Towards Universal Health Care in Emerging Economies : Opportunities and Challenges
Yi, Ilcheong (ed.) - 2017
challenges of achieving universal health care in Thailand, Brazil and China, and survey the obstacles facing India, Indonesia … Security Universalization in Brazil; Marcus André Melo -- 7. Universalizing Health Care in Brazil: Opportunities and Challenges …; Ana Luiza d´Ávila Viana, Hudson Pacífico da Silva and Ilcheong Yi -- 8. What Kind of Welfare State is Emerging in China …
Persistent link: https://www.econbiz.de/10012397851