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Sovereign risk and asset market dynamics in the euro area
Perego, Erica - 2018
Persistent link: https://www.econbiz.de/10012060383
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Cheap talk with correlated signals
Chand, A. K. S.; Currarini, Sergio; Ursino, Giovanni - 2013
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010189326
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Sovereign risk and economic complexity
Gómez González, José Eduardo; Uribe, Jorge; … - 2024
This paper investigates how a country's economic complexity influences its sovereign yield spread with respect to the United States. Notably, a one-unit increase in the Economic Complexity Index is associated with a reduction of about 87 basis points in the 10-year yield spread. However, this...
Persistent link: https://www.econbiz.de/10014536288
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Rules and risk in the euro area
Iara, Anna; Wolff, Guntram B. - 2011
With a unique data set summarizing the quality of rules-based fiscal governance in EU member states, we show that stronger fiscal rules in euro area members reduce sovereign risk premia, in particular in times of market stress. To do so, we develop a model of sovereign spreads that are...
Persistent link: https://www.econbiz.de/10009315724
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Non-performing loans, cost of capital, and lending supply : lessons from the eurozone banking crisis
Chiesa, Gabriella; Mansilla-Fernández, José Manuel - 2018
Persistent link: https://www.econbiz.de/10011882187
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Sovereign bond risk premiums
Dockner, Engelbert J.; Mayer, Manuel; Zechner, Josef - 2017
Persistent link: https://www.econbiz.de/10011763294
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Psychometrics as a tool to improve screening and access to credit
Arráiz, Irani; Bruhn, Miriam; Stucchi, Rodolfo - 2015
This paper studies the use of psychometric tests, designed by the Entrepreneurial Finance Lab (EFL), as a tool to screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use administrative data covering the period from June 2011 to April 2014...
Persistent link: https://www.econbiz.de/10011485359
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On the transactions costs of UK quantitative easing
Breedon, Francis J. - 2018
Most quantitative easing programmes primarily involve central banks acquiring government liabilities in return for central bank reserves. In all cases this process is undertaken by purchasing these liabilities from private sector intermediaries rather than directly from the government. This...
Persistent link: https://www.econbiz.de/10011787895
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Developing India's offshore local currency bond market : lessons from emerging countries
Kohli, Renu; Sahoo, Pravakar; Shuheb Khan, M. - 2017
After the 2008 financial crisis, macroeconomic positions and growth prospects weakened in the advanced economies; emerging market economies (EMEs) improved however. Offshore, local-currency bonds of EMEs became popular as result, with many EMEs exploiting the opportunity. India also launched its...
Persistent link: https://www.econbiz.de/10011708308
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Information sharing networks in linear quadratic games
Currarini, Sergio; Feri, Francesco - 2013
strategies are substitute, complement and orthogonal, respectively. We show that signals' correlation favors the transmission of …
Persistent link: https://www.econbiz.de/10009756291