Narrow search
Showing 1 - 10 of 1,034
Cover Image
Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia
Darvas, Zsolt M. - 2017
This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007 … a currency union in the case of euro-area countries. We evaluate the programmes by assessing their success in creating …
Persistent link: https://www.econbiz.de/10011715721
Cover Image
Investment incomes vs. the trade balance : is the current account still a meaningful concept?
Wacker, Konstantin - 2024
This paper documents that cross-border investment income flows are important for explaining current account balances in major economies. Those investment incomes reflect returns on cross-border asset holdings and on balance often reach magnitudes around 5% of major economies' gross domestic...
Persistent link: https://www.econbiz.de/10014515875
Cover Image
Current account balances' divergence in the euro area : an appraisal of the underlying forces
Faure, Emmanuelle; Grekou, Carl; Mignon, Valérie - 2023
Persistent link: https://www.econbiz.de/10013482214
Cover Image
Is there any rebalancing in the euro area?
Carton, Benjamin; Hervé, Karine - 2013
Persistent link: https://www.econbiz.de/10010199960
Cover Image
Multinationals stockpiling cash : exploring a commodity boom
Hansen, Erwin; Wagner, Rodrigo - 2015
This paper explores how affiliates of multinational corporations save liquidity when facing a transitory cash-flow shock. For this a panel is first built of non-publicly traded copper mines in South America between 2001 and 2012, most of them set up as Foreign Direct Investment (FDI). This...
Persistent link: https://www.econbiz.de/10011316666
Cover Image
International capital flow reversals
Cavallo, Eduardo A. - 2019
Sudden stops in capital flows are a form of financial whiplash that creates instability and crises in the affected economies. Sudden stops in net capital flows trigger current account reversals as countries that were borrowing on net from the rest of the world before the stop can no longer...
Persistent link: https://www.econbiz.de/10012052156
Cover Image
The effect of household and enterprise credit on current account balance : evidence from the Republic of North Macedonia
Hani Selimi, Egzona; Eliskovski, Milan - 2018
The empirical literature points the financial intermediation, measured by the level of credits relative to GDP in the economy, as one of the factors which affects the current account dynamics in a given country. This paper tries to estimate and then quantify the possible impact that household...
Persistent link: https://www.econbiz.de/10012124581
Cover Image
The grand divergence : global and European current account surpluses
Darvas, Zsolt M. - 2015
Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....
Persistent link: https://www.econbiz.de/10011308003
Cover Image
Can countries rely on foreign saving for investment and economic development?
Cavallo, Eduardo A.; Eichengreen, Barry; Panizza, Ugo - 2016
A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using foreign finance for extended periods. While many of these episodes are in low-income countries where official finance is more important than private finance, this paper also...
Persistent link: https://www.econbiz.de/10011519098
Cover Image
The tale of two international phenomena : international migration and global imbalances
Coulibaly, Dramane; Gnimassoun, Blaise; Mignon, Valérie - 2018
Persistent link: https://www.econbiz.de/10012060048