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Cost of holding excess reserves : the Indian experience
Gupta, Abhijit Sen (contributor) - 2008
Persistent link: https://www.econbiz.de/10003676330
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International reserves and rollover risk
Bianchi, Javier; Hatchondo, Juan Carlos; Martinez, Leonardo - 2016
Persistent link: https://www.econbiz.de/10011565565
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Capital flow management measures and dollarization
Andreasen, Eugenia; Nuguer, Victoria - 2020
This paper studies from an empirical and theoretical perspective the systemic and bank-level effects of imposing reserve requirements (RR) in foreign currency in an economy with a heavily dollarized financial system. The paper empirically characterizes banks responses to the RR carried out by...
Persistent link: https://www.econbiz.de/10012587526
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Reserve accumulation, macroeconomic stabilization, and sovereign risk
Bianchi, Javier; Sosa Padilla, César - 2020
Persistent link: https://www.econbiz.de/10012244079
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International reserve management under rollover crises
Barbosa-Alves, Mauricio; Bianchi, Javier; Sosa Padilla, … - 2024
Persistent link: https://www.econbiz.de/10014538900
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Fiscal rules and optimal currency composition of sovereign debt in emerging economies
Valencia, Oscar M.; Rodriguez, Luis Alberto; Siachoque, … - 2023
Total public debt in most emerging markets grew before and after the pandemic with a sizable share in foreign currency. Along this trend, interest payments increased even in the presence of active fiscal rules in some countries. How should debt management of public debt be set under a fiscal...
Persistent link: https://www.econbiz.de/10014471269
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On equilibrium exchange rates : is emerging Asia different?
López-Villavicencio, Antonia; Mignon, Valérie - 2009
Persistent link: https://www.econbiz.de/10003928008
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Sudden stops, sovereign risk, and fiscal rules
Gómez González, José Eduardo; Valencia, Oscar M.; … - 2021
This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed and emerging market economies. Results indicate that fiscal rules are beneficial for macroeconomic...
Persistent link: https://www.econbiz.de/10012586437
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Trade in commodities and business cycle volatility
Kohn, David; Leibovici, Fernando; Tretvoll, Hakon - 2018
This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model...
Persistent link: https://www.econbiz.de/10011911446
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Getting PPP right : identifying mean-reverting real exchange rates in panels
Chortareas, Georgios E. (contributor);  … - 2008
real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as … a small number of real exchange rates in a given panel may drive the results. In this paper we examine the PPP … when applied to a set of established panel-unit-root tests, allows the identification of the real exchange rates that are …
Persistent link: https://www.econbiz.de/10003740322