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Contagion, bank lending spreads, and output fluctuations
Agénor, Pierre-Richard; Aizenman, Joshua; Hoffmaister, A. - 1998
Persistent link: https://www.econbiz.de/10001351445
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Reserve requirements on sovereign debt in the presence of moral hazard - on debtors or creditors?
Aizenman, Joshua; Turnovsky, Stephen J. - In: The economic journal : the journal of the Royal … 112 (2002), pp. 107-132
Persistent link: https://www.econbiz.de/10001638536
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Uncertainty and the disappearance of international credit
Aizenman, Joshua; Marion, Nancy Peregrim - 1999
Persistent link: https://www.econbiz.de/10001421643
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Reserve requirements on sovereign debt in the presence of moral hazard : on debtors or creditors?
Aizenman, Joshua; Turnovsky, Stephen J. - 1999
Persistent link: https://www.econbiz.de/10001375319
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Uncertainty and the disappearance of international credit
Aizenman, Joshua; Marion, Nancy Peregrim - In: Financial crises in emerging markets, (pp. 167-190). 2001
Persistent link: https://www.econbiz.de/10001587986
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Uncertainty and the Disappearance of International Credit
Aizenman, Joshua - 1999
We show that increased uncertainty about the size of an emerging market's external debt has a nonlinear and potentially large adverse effect on the supply of international credit offered to them. We also show that if international creditors are first- order risk averse, attaching greater weight...
Persistent link: https://www.econbiz.de/10012471396
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Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
Aizenman, Joshua - 1999
lender side (i.e., the anticipation that the taxpayer will bailout lending banks if large default will occur) and sovereign … risk on the borrower side. The impacts of such reserve requirements on the equilibrium degree of default risk and borrowing … bailouts financed by the high income block encourage borrowing and increase the probability of default. We show that the …
Persistent link: https://www.econbiz.de/10012471796
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Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
Aizenman, Joshua - 2010
lender side (i.e., the anticipation that the taxpayer will bailout lending banks if large default will occur) and sovereign … risk on the borrower side. The impacts of such reserve requirements on the equilibrium degree of default risk and borrowing … bailouts financed by the high income block encourage borrowing and increase the probability of default. We show that the …
Persistent link: https://www.econbiz.de/10012763810
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Uncertainty and the Disappearance of International Credit
Aizenman, Joshua; Marion, Nancy Peregrim - 2021
We show that increased uncertainty about the size of an emerging market's external debt has a nonlinear and potentially large adverse effect on the supply of international credit offered to them. We also show that if international creditors are first- order risk averse, attaching greater weight...
Persistent link: https://www.econbiz.de/10013240948
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - 2008
This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...
Persistent link: https://www.econbiz.de/10003854910