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Stigma? What stigma? : a contribution to the debate on financial market effects of IMF lending
Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018
In the policy debate on the effectiveness of the Global Financial Safety Net, concerns have been raised that expectations of adverse effects of IMF programmes may deter countries from asking for an IMF programme when they need one, a form of "IMF stigma". We explore the existence of IMF...
Persistent link: https://www.econbiz.de/10011928948
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Emerging Asia's growth and integration : how autonomous are business cycles?
Rüffer, Rasmus (contributor); Sánchez, Marcelo (contributor) - 2007
Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the … role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten …
Persistent link: https://www.econbiz.de/10003410600
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Has emerging Asia decoupled? : an analysis of production and trade linkages using the Asian international input-output table
Pula, Gabor; Peltonen, Tuomo - 2009
dependence of emerging Asia on external demand. This paper analyses, using an update of the Asian International Input-Output (AIO … linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On … indicates that emerging Asia's dependence on exports is only about one-third of its GDP, i.e. well below the 50% exposure …
Persistent link: https://www.econbiz.de/10003826566
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Public sector efficiency : evidence for new EU member states and emerging markets
Afonso, António (contributor);  … - 2006
is rather diverse especially as compared to the group of top performing emerging markets in Asia. Econometric analysis …
Persistent link: https://www.econbiz.de/10003274690
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Global liquidity glut or global savings glut? : a structural VAR approach
Bracke, Thierry (contributor); Fidora, Michael (contributor) - 2008
imbalances, the United States and emerging Asia, using sign restrictions that are compatible with standard New Keynesian and Real … "liquidity glutʺ may have been a more important driver of real and financial imbalances in the US and emerging Asia than a …
Persistent link: https://www.econbiz.de/10003782658
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Optimal reserve composition in the presence of sudden stops : the euro and the dollar as safe haven currencies
Beck, Roland (contributor); Rahbari, Ebrahim (contributor) - 2008
in Asia and Latin America, while the euro is a better hedge for sudden stops in Emerging Europe. We reproduce …
Persistent link: https://www.econbiz.de/10003782664
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Inflation trends in Asia : implications for central banks
Garcia, Juan Angel; Poon, Aubrey - 2019
Trend inflation estimates for 12 of the largest Asian economies over 1995-2018 offer important insights on inflation dynamics and inflation expectations. The disinflationary shocks that hit the region since 2014 were partly transitory, but their effects have been different depending on the...
Persistent link: https://www.econbiz.de/10012132591
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Do bank insiders impede equity issuances?
Götz, Martin; Laeven, Luc; Levine, Ross - 2021
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012418825
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Pockets of risk in European housing markets : then and now
Kelly, Jane; Le Blanc, Julia; Lydon, Reamonn - 2019
Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the...
Persistent link: https://www.econbiz.de/10012009077
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Liquidity provision as a monetary policy tool : the ECB's non-standard measures after the financial crisis
Quint, Dominic; Tristani, Oreste - 2017
We study the macroeconomic consequences of the money market tensions associated with the .nancial crisis in the euro area. In a structural VAR, we identify a liquidity shock rooted in the interbank market and use its impulse response functions to calibrate key parameters of a Smets and Wouters...
Persistent link: https://www.econbiz.de/10011754899