Showing 1 - 10 of 12
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10012504452
We assess, via system GMM, how Stock Flow Adjustments (SFA) affect the debt-to-GDP ratio in 65 countries (covering developed and emerging and low-income countries) between 1985-2014. We find that SFAs positively contribute to the change in the debt-to-GDP ratio with a coefficient close to one....
Persistent link: https://www.econbiz.de/10012893927
Persistent link: https://www.econbiz.de/10011938090
Persistent link: https://www.econbiz.de/10011795079
We empirically assess the magnitudes of sovereign indebtedness responses for a sample of 123 Advanced and Emerging Market Economies, between 1980 and 2018, taking into account the changing characteristics of financial markets, notably the Global and Financial Crisis. Our results show that when...
Persistent link: https://www.econbiz.de/10012845995
Persistent link: https://www.econbiz.de/10011960392
Persistent link: https://www.econbiz.de/10010506731
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10013240933
Persistent link: https://www.econbiz.de/10011628329
Persistent link: https://www.econbiz.de/10012315681