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Contagion effects of the Silicon Valley Bank run
Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank … held-to-maturity securities, bank size, and cash holdings had a significant impact, while better-quality assets or holdings … rate hikes nor risks linked to bank size. While mid-sized banks experienced particular stress immediately after the SVB …
Persistent link: https://www.econbiz.de/10014540982
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Imbalances? What imbalances? A dissenting view
Wray, L. Randall - 2012
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010286507
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Determinants of the Public Debt and the Role of the Natural Resources: A Cross-Country Analysis
Sadik-Zada, Elkhan; Gatto, Andrea - 2019
This paper investigates the major drivers of the public debt growth in 184 countries. The underlying cross-country survey is conducted on the basis of the improved compilation of datasets on the central government debt for 2013. The study finds that oil abundance, economic growth rate, the share...
Persistent link: https://www.econbiz.de/10012146422
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Managing the impact of volatility in international capital markets in an uncertain world
Kregel, Jan - 2009
International financial flows are the propagation mechanism for transmitting financial instability across borders. They are also the source of unsustainable external debt. Managing volatility thus requires institutions that promote domestic financial stability, ensure that domestic instability...
Persistent link: https://www.econbiz.de/10010266563
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On the paradox of prudential regulations in the globalized economy. International reserves and the crisis: a reassessment
Aizenman, Joshua - 2009
This paper discusses two pertinent policy issues dealing with the global liquidity crisis - global prudential regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential regulations while the identity of economic actors that benefited...
Persistent link: https://www.econbiz.de/10010287776
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On the paradox of prudential regulations in the globalized economy; International reserves and the crisis: a reassessment
Aizenman, Joshua - 2009
This paper discusses two pertinent policy issues dealing with the global liquidity crisis - global prudential regulation reform, and reassessment of using international reserves in the crisis. We point out the paradox of prudential regulations - while the identity of economic actors that...
Persistent link: https://www.econbiz.de/10010288123
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Foreign currency debt, financial crises and economic growth: A long run view
Bordo, Michael D.; Meissner, Christopher M.; Stuckler, David - 2009
Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect effects on short-term...
Persistent link: https://www.econbiz.de/10010282106
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Measuring Sovereign Contagion in Europe
Caporin, Massimiliano; Pelizzon, Loriana; Ravazzolo, … - 2012
This paper analyzes the sovereign risk contagion using CDS spreads for the major euro area countries. Using several econometric approaches (non linear regression, quantile regression and Bayesian quantile with heteroskedasticity) we show that propagation of shocks in Europe's CDS's has been...
Persistent link: https://www.econbiz.de/10012143793
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Twenty years of the German euro are more than enough
Bibow, Jörg - 2018
ECB is missing a federal treasury partner. Therefore, establishing the vital treasury-central bank axis that stands at the …
Persistent link: https://www.econbiz.de/10012142958
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The euro debt crisis and Germany's euro trilemma
Bibow, Jörg - 2012
transfer / no bailout monetary union, and a clean, independent central bank. Misdiagnosis and the wrongly prescribed medication …
Persistent link: https://www.econbiz.de/10010318656