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Managing financial crises in emerging markets

Eichengreen, Barry; Portes, Richard - In: Proceedings - Economic Policy Symposium - Jackson Hole (1997), pp. 193-225

Persistent link: https://www.econbiz.de/10005419733

Sovereign CDS and Bond Pricing Dynamics in the Euro-area

Palladini, Giorgia; Portes, Richard - C.E.P.R. Discussion Papers - 2011

This analysis tests the price discovery relationship between sovereign CDS premia and bond yield spreads on the same reference entity. The theoretical no-arbitrage relationship between the two credit spreads is confronted with daily data from six Euro-area countries over the period 2004-2011. As...

Persistent link: https://www.econbiz.de/10009365646

Toward a Lender of First Resort

Cohen, Daniel; Portes, Richard - International Monetary Fund (IMF) - 2006

If interest rates (country spreads) rise, debt can rapidly be subject to a snowball effect, which becomes self-fulfilling with regard to the fundamentals themselves. This is a market imperfection, because we cannot be confident that the unaided market will choose the "good" over the "bad"...

Persistent link: https://www.econbiz.de/10005769315

Finance, Trade and Development: Issues in Transatlantic Cooperation

Portes, Richard - C.E.P.R. Discussion Papers - 1986

, through some influence of Britain in the EEC as well as the force of the American example. After a general introduction, the … paper considers successively the problem areas of finance, trade and development, focussing throughout on the Anglo-American …

Persistent link: https://www.econbiz.de/10005666448

Crises de la dette : prévention et résolution ; rapport

Cohen, Daniel (contributor); Portes, Richard (contributor) - 2003

Persistent link: https://www.econbiz.de/10001831150

Crise souveraine : entre prévention et résolution

Cohen, Daniel; Portes, Richard - In: Crises de la dette : prévention et résolution ; rapport, (pp. 7-49). 2003

Persistent link: https://www.econbiz.de/10001992467

The euro, the dollar, and the international monetary system

Alogoskouphēs, Giōrgos; Kawai, Masahiro - In: EMU and the international monetary system : proceedings …, (pp. 58-78). 1997

Persistent link: https://www.econbiz.de/10001299037

Corporate foreign bond issuance and interfirm loans in China

Huang, Yi; Panizza, Ugo; Portes, Richard - 2018

Persistent link: https://www.econbiz.de/10011856936

Corporate foreign bond issuance and interfirm loans in China

Huang, Yi; Panizza, Ugo; Portes, Richard - 2018

Persistent link: https://www.econbiz.de/10011915812

Corporate foreign bond issuance and interfirm loans in China

Huang, Yi; Panizza, Ugo; Portes, Richard - 2018

-financial corporations and the use of the proceeds of issuance. We find that dollar issuance is positively correlated with the differential … between domestic and foreign interest rates. This interest rate differential increases the likelihood of dollar bond issuance … by risky firms and decreases the likelihood of dollar bond issuance of exporters and profitable firms. Moreover, and most …

Persistent link: https://www.econbiz.de/10011927476