whether and to what extent the degree of open macro policy convergence affects the probability of a crisis and find that a … crisis. We also compare the development of trilemma policies around the crisis period for the groups of Latin American crisis … countries in the 1980s and the Asian crisis countries in the 1990s. We find that Latin American crisis countries tended to close …

measures drop during the crisis, the TED spread, trade openness, external debt and inflation play a larger role. As … expectations of market volatility jumped during the crisis, the weakly concavity of creditors' payoff probably accounts for the … predicted accurately by the model either in-sample or out-of-sample: unpredicted high spreads are evident during global crisis …

spreads shifted markedly between the pre-crisis and crisis periods. European countries had quite similar CDS responses to … credit rating changes during the pre-crisis period, but that large differences emerged during the crisis period between the …

spreads shifted markedly between the pre-crisis and crisis periods. European countries had quite similar CDS responses to … credit rating changes during the pre-crisis period, but that large differences emerged during the crisis period between the …

after the global financial crisis, based on fiscal space and other economic fundamentals. We measure how accurately the … fundamentals: unpredicted low CDS in tranquil period and unpredicted high during global crisis period, especially 2010 when … sovereign debt crisis swept over Euro area. To gain further insight, we "match" the PIIGS with 5 middle income countries outside …

measures drop during the crisis, the TED spread, trade openness, external debt and inflation play a larger role. As … expectations of market volatility jumped during the crisis, the weakly concavity of creditors' payoff probably accounts for the … predicted accurately by the model either in-sample or out-of-sample: unpredicted high spreads are evident during global crisis …

This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our … focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was … crisis. Countries with large balance sheet exposure – high external portfolio liabilities exceeding international reserves …

This paper evaluates how the global financial crisis emanating from theU.S. was transmitted to emerging markets. Our … focus is on the extent thatthe crisis caused external market pressures (EMP), and whether theabsorption of the shock was …-term debt,equities, FDI and derivative products—had greater exposure and weremuch more vulnerable to the financial crisis …

This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our … focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was … crisis. Countries with large balance sheet exposure - high external portfolio liabilities exceeding international reserves …