Showing 1 - 10 of 487
Persistent link: https://www.econbiz.de/10011349913
A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...
Persistent link: https://www.econbiz.de/10003867020
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme …
Persistent link: https://www.econbiz.de/10009160016
Persistent link: https://www.econbiz.de/10011349878
Persistent link: https://www.econbiz.de/10009765480
Persistent link: https://www.econbiz.de/10010482479
The causes of the 2008 collapse and subsequent surge in global capital flows remain an open and highly controversial issue. Employing a factor model coupled with a dataset of high-frequency portfolio capital flows to 50 economies, the paper finds that common shocks - key crisis events as well as...
Persistent link: https://www.econbiz.de/10009238006
economic growth to a fiscal shock are mostly positive in both financial stress regimes; (iii) financial stress has a negative … shock is mainly associated with different behaviour across regimes; (v) the size of the fiscal multipliers is higher than …
Persistent link: https://www.econbiz.de/10008935826
Persistent link: https://www.econbiz.de/10011448911
This paper shows how the combined endogenous reaction of banks and investment funds to an exogenous shock can amplify … model of contagion propagation using a very large and granular data set for the euro area. Based on the economic shock … caused by the Covid-19 outbreak, we model three sources of exogenous shocks: a default shock, a market shock and a redemption …
Persistent link: https://www.econbiz.de/10012603035