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Credit Conditions and Foreign Direct Investment During the Global Financial Crisis
Desbordes, Rodolphe - 2017
This paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct...
Persistent link: https://www.econbiz.de/10012972610
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Countercyclical Financial Regulation
Ren, Haocong - 2017
The global financial crisis has focused much attention on procyclicality, particularly in the context of a macroprudential framework. This paper reviews a set of prudential measures that can be adopted by national authorities to deal with procyclicality and discusses issues in designing and...
Persistent link: https://www.econbiz.de/10012975729
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A Cross-Country Database of Fiscal Space
Kose, M. Ayhan - 2017
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal...
Persistent link: https://www.econbiz.de/10012950618
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Gross Inflows Gone Wild : Gross Capital Inflows, Credit Booms and Crises
Calderón, César - 2017
The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors built a quarterly database on gross capital inflows, credit to the private sector, and other macro-financial indicators for a sample of 71 countries from 1975q1 to 2010q4....
Persistent link: https://www.econbiz.de/10012974818
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Investing in Disaster Risk Management in an Uncertain Climate
McDermott, Thomas K. J. - 2017
development prospects of affected regions. As such, climate change reinforces the development case for investment in disaster risk … complicates disaster risk management investment decisions, the analysis presented here shows that these considerations are only … for disaster risk management investment decisions. Accounting for climate uncertainty is likely to shift the optimal …
Persistent link: https://www.econbiz.de/10012969536
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Investment Decision Making Under Deep Uncertainty -- Application to Climate Change
Hallegatte, S. - 2017
, priorities, and world views, the presence of deep uncertainties further challenges the decision-making framework by questioning … is based on a set of interviews with decision-makers, in particular World Bank project leaders, and on a literature …
Persistent link: https://www.econbiz.de/10012974999
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Transfers, Diversification and Household Risk Strategies : Experimental Evidence with Lessons for Climate Change Adaptation
Macours, Karen - 2017
improving households' risk-management through income diversification. The intervention targeted agricultural households exposed …
Persistent link: https://www.econbiz.de/10012975269
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Do We Need a Zero Pure Time Preference or the Risk of Climate Catastrophes to Justify a 2c Global Warming Target?
Dumas, P. - 2017
This paper confronts the wide political support for the 2C objective of global increase in temperature, reaffirmed in Copenhagen, with the consistent set of hypotheses on which it relies. It explains why neither an almost zero pure time preference nor concerns about catastrophic damages in case...
Persistent link: https://www.econbiz.de/10012976418
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Do Intensity Targets Control Uncertainty Better than Quotas? Conditions, Calibrations, and Caveats
Marschinski, Robert - 2016
Among policy instruments to control future greenhouse gas emissions, well-calibrated general intensity targets are known to lead to lower uncertainty on the amount of abatement than emissions quotas (Jotzo and Pezzey 2004). The authors test whether this result holds in a broader framework, and...
Persistent link: https://www.econbiz.de/10012747950
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Macroprudential Stress-Testing Practices of Central Banks in Central and South Eastern Europe : An Overview and Challenges Ahead
Melecky, Martin - 2017
microeconomic factors to risk factors, calculating risk exposures to different risk indicators, and estimating outcome indicators to …
Persistent link: https://www.econbiz.de/10012976359