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Quantitative analysis of financial market infrastructures: further perspectives on financial stability
Laine, Tatu (contributor) - 2015
This simulator seminar book includes twelve chapters dealing with various aspects of quantitative analysis of financial market infrastructures. The topics include, among others, systemic risks, participant behavior, and new monitoring methods of various payment systems. The methodologies vary...
Persistent link: https://www.econbiz.de/10012148914
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How long can austerity persist? The factors that sustain fiscal consolidations
Lodge, David; Rodriguez-Vives, Marta - In: European Journal of Government and Economics (EJGE) 2 (2013) 1, pp. 5-24
To put public debt on a sustainable path, many governments face the task of enacting large fiscal consolidation followed by years of sustained primary surpluses. By estimating hazard functions for the duration of consolidations, we analyse the features of past consolidation efforts across a...
Persistent link: https://www.econbiz.de/10012217948
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Fiscal consolidation strategy
Cogan, John F.; Taylor, John B.; Wieland, Volker; … - 2012
adjustment costs. We separate out the impact of reductions in government purchases and transfers, and we allow for a reduction in …
Persistent link: https://www.econbiz.de/10010311794
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Reavaliando a vulnerabilidade externa da economia brasileira
Ribeiro, Fernando José da S. P. - 2016
This paper aims to reapproach the external vulnerability of the brazilian economy, based on the the theory and considering the new conditions of the world economy and the transformations that carachterized the Brazilian economy in this century, in the period or rapid growth (until 2010) as well...
Persistent link: https://www.econbiz.de/10011818821
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Public Debt Dynamics in New Zealand
Piscetek, Melissa - 2019
This paper develops a framework to decompose the change in New Zealand's public debt ratio into four component effects: the primary balance, real GDP growth, real interest rates, and exchange rates. We study New Zealand's debt dynamics over three periods: the decade after the Global Financial...
Persistent link: https://www.econbiz.de/10012115723
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Modelling Australia’s exports of non-commodity goods and services
Kouparitsas, Michael; Luo, Linden; Smith, Jazmine - 2017
exports and a broad basket of foreign produced goods and services. So, for instance, if Australian export prices increase … Australia’s non commodity export prices than imported intermediate inputs costs. …
Persistent link: https://www.econbiz.de/10012144180
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Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations
Nyborg, Kjell G.; Bindseil, Ulrich; Strebulaev, Ilya A. - 2005
Repo auctions are used to inject central bank funds against collateral into the banking sector. The ECB uses standard … suggests that bidders are concerned with the loser's nightmare and have limited amounts of the cheapest eligible collateral. …
Persistent link: https://www.econbiz.de/10010312552
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Public debt sustainability and debt dynamics: The case of Tanzania
Were, Maureen; Mollel, Lekinyi - 2020
Rising public debt in sub-Saharan Africa remains a matter of concern. We provide an analysis of public debt and debt sustainability in Tanzania, focusing on external debt. Though current and previous analyses using the IMF-World Bank debt sustainability framework indicate low risk of public...
Persistent link: https://www.econbiz.de/10012424099
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Transmission of External Shocks in Assessing Debt Sustainability, the Case of Macedonia
Unevska Andonova, Danica; Janevska Stefanova, Dijana - 2015
In the analysis of public and external debt sustainability the National Bank of the Republic of Macedonia is actively using the IMF's Debt Sustainability Analysis (DSA) framework. The aim of our analysis is to improve the analytical power of the IMF's DSA framework, in the case of Macedonia....
Persistent link: https://www.econbiz.de/10011785356
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The intraday liquidity management game
Bech, Morten L.; Garratt, Rod - 2002
arises in a priced credit regime where we show that the postponement of payments can be socially efficient. … claims in a real time gross settlement setting. We find that the game played by banks depends upon the intraday credit policy … stag hunt. The former arises in a collateralized credit regime where we confirm the result of earlier literature that banks …
Persistent link: https://www.econbiz.de/10010321188