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Contagion and volatility with imperfect credit markets
Agénor, Pierre-Richard; Aizenman, Joshua - 1997
Persistent link: https://www.econbiz.de/10000975920
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Contagion and volatility with imperfect credit markets
Agénor, Pierre-Richard; Aizenman, Joshua - 1997
Persistent link: https://www.econbiz.de/10000631761
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Contagion and volatility with imperfect credit markets
Agénor, Pierre-Richard - In: Staff papers / International Monetary Fund 45 (1998) 2, pp. 207-235
Persistent link: https://www.econbiz.de/10001249614
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Optimal currency area : a twentieth century idea for the twenty-first century?
Aizenman, Joshua - In: Open economies review 29 (2018) 2, pp. 373-382
Persistent link: https://www.econbiz.de/10012041286
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Contagion and Volatility with Imperfect Credit Markets
Aizenman, Joshua - 1997
This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic banks borrow at a premium on world capital markets,...
Persistent link: https://www.econbiz.de/10014401716
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Contagion and Volatility with Imperfect Credit Markets
Agenor, Pierre-Richard - 1997
This paper interprets contagion effects as a perceived increase (triggered by events occurring elsewhere) in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic...
Persistent link: https://www.econbiz.de/10012472734
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International Reserve Management, Global Financial Shocks, and Firms' Investment in Emerging Market Economies
Aizenman, Joshua; Cheung, Yin-Wong; Qian, Xingwang - National Bureau of Economic Research - 2021
We examine the effects of active international reserve management (IRM) conducted by central banks of emerging market economies (EMEs) on firm investment in the presence of global financial shocks. Using firm level data from 46 EMEs from 2000 to 2018, we document four findings. First, active IRM...
Persistent link: https://www.econbiz.de/10012629523
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International Reserve Management, Global Financial Shocks, and Firm Investment in Emerging Market Economies
Aizenman, Joshua; Cheung, Yin-Wong; Qian, Xingwang - 2022
We examine the effects of active international reserve management (IRM) conducted by central banks of emerging market economies (EMEs) on firm investment in the presence of global financial shocks. Using firm level data from 46 EMEs from 2000 to 2018, we document four findings. First, active IRM...
Persistent link: https://www.econbiz.de/10013323008
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Managing Risk for Development : International Risk Sharing
Aizenman, Joshua; ??tker-Robe, ??nci - 2013
This study reports that numerous direct and indirect international risk-sharing mechanisms exist, including (1) self … swap arrangements. While the various risk sharing tools help in dealing with exposure to tail risks and transitory shocks … projects aiming at ex-ante risk mitigation, and ex-post stabilization following economic or natural disasters. However, a too …
Persistent link: https://www.econbiz.de/10012560379
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Capital markets integration, volatility and persistence
Aizenman, Joshua - 1995
Persistent link: https://www.econbiz.de/10000935343