Similar Search Results

Tirole, Jean - 2010

explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … and to information acquisition. It then looks at what economics can contribute to the debate on systemic risk and its … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how …

Persistent link: https://www.econbiz.de/10008732226

Systemic risk: amplification effects, externalities, and policy responses

Korinek, Anton - 2009

Persistent link: https://www.econbiz.de/10003840125

Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?

Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017

The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...

Persistent link: https://www.econbiz.de/10011638458

Financial regimes and uncertainty shocks

Alessandri, Piergiorgio; Mumtaz, Haroon - 2014

Financial markets are central to the transmission of uncertainty shocks. This paper documents a new aspect of the interaction between the two by showing that uncertainty shocks have radically different macroeconomic implications depending on the state financial markets are in when they occur....

Persistent link: https://www.econbiz.de/10010472852

From institutions to financial development and growth : what are the links?

Fernández, Andrés; Tamayo, César E. - 2015

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Persistent link: https://www.econbiz.de/10011290078

Fiscal multipliers and financial crises

Faria-e-Castro, Miguel - 2018

What type of fiscal policy is most effective during a financial crisis? I study the macroeconomic effects of the US fiscal policy response to the Great Recession, accounting not only for standard tools such as government purchases and transfers but also for financial sector interventions such as...

Persistent link: https://www.econbiz.de/10011914285

Expedited debt restructuring in Latin America : a regional overview

Olivares-Caminal, Rodrigo; Frigerio, Gerónimo - 2009

The aim of this paper is to provide a comparative analysis of out-of-court alternatives in Latin America. It focuses on the importance of these alternatives to restore financial viability to troubled companies in a scenario of recurrent regional instability. The importance of out-of-court...

Persistent link: https://www.econbiz.de/10011294512

Flight to what? : dissecting liquidity shortages in the financial crisis

Dong, Feng; Wen, Yi - 2017 - This version: August, 2017

We endogenize the liquidity and the quality of private assets in a tractable incomplete-market model with heterogeneous … agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a … and bond premiums, the model reveals that a sharp reduction in the quality, instead of the liquidity, of private assets …

Persistent link: https://www.econbiz.de/10011780935

Collateral, liquidity and debt sustainability

Niemann, Stefan; Pichler, Paul - 2013

Persistent link: https://www.econbiz.de/10010359661

Financial conditions and density forecasts for US output and inflation

Alessandri, Piergiorgio; Mumtaz, Haroon - 2014

When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail" macroeconomic events. We examine this conjecture by...

Persistent link: https://www.econbiz.de/10010339756

1
2
3
4
5
6
7
8
9
10
Next
Last