Similar Search Results

Was unofficial dollarisation/euroisation an amplifier of the "Great Recession" of 2007 - 09 in emerging economies

Chiţu, Livia - 2012

Persistent link: https://www.econbiz.de/10009765967

Optimal currency shares in international reserves : the impact of the euro and the prospects for the dollar

Papaioannou, Elias (contributor); … - 2006

Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater liquidity in other major currencies, and the rising current account deficits and external debt of the United States have increased the pressure on central banks to diversify away...

Persistent link: https://www.econbiz.de/10003396777

International financial linkages of Latin American banks : the effects of political risk and deposit dollarisation

Ramon-Ballester, Francisco (contributor); … - 2007

This paper empirically investigates the extent to which the financial linkages of Latin American banks with the exterior are influenced by political risk and deposit dollarisation. We find that the sum of banks’ foreign assets and liabilities is a function of risk-return considerations and...

Persistent link: https://www.econbiz.de/10003456418

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

We analytically derive optimal central bank portfolios in a minimum variance framework with two assets and "transaction demands" caused by sudden stops in capital inflows. In this model, the transaction demands become less important relative to traditional portfolio objectives as debt to reserve...

Persistent link: https://www.econbiz.de/10003782664

America First? : a US-centric view of global capital flows

McQuade, Peter; Schmitz, Martin - 2019

Both academic researchers and policymakers posit a unique role for the US in the inter-national financial system. This paper investigates the characteristics and determinants of US cross-border financial flows and examines how these contrast with those of the rest of the world. We analyse the...

Persistent link: https://www.econbiz.de/10011975553

The euro bloc, the dollar bloc and the yen bloc : how much monetary policy independence can exchange rate flexibility buy in an interdependent world?

Fratzscher, Marcel (contributor) - 2002

Persistent link: https://www.econbiz.de/10001702791

The role of credit aggregates and asset prices in the transmission mechanism : a comparison between the euro area and the US

Kaufmann, Sylvia (contributor); … - 2007

We analyze the interaction between credit and asset prices in the transmission of shocks to the real economy. We estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate. We find evidence for two distinct states in both regions....

Persistent link: https://www.econbiz.de/10003554973

Global roles of currencies

Thimann, Christian - 2009

This paper presents a new concept the global roles of currencies. The concept combines the domestic and international (cross-border) use of currencies and therefore captures the overall importance of different currencies in a globalised economy. The measure of a currency's global role is based...

Persistent link: https://www.econbiz.de/10003832364

Financial dollarization: the role of banks and interest rates

Basso, Henrique S. (contributor); … - 2007

This paper develops a model to explain the determinants of financial dollarization. Expanding on the existing … literature, our framework allows interest rate differentials to play a role in explaining financial dollarization. It also … transition economies we find that increasing access to foreign funds leads to higher credit dollarization, while it decreases …

Persistent link: https://www.econbiz.de/10003472981

Interdependence between the Euro area and the US : what role for EMU?

Ehrmann, Michael (contributor); … - 2002

Persistent link: https://www.econbiz.de/10001749417

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