Showing 1 - 10 of 5,074
to the lender-of-last-resort theory, especially in international contexts, under the gold standard and the dollar system …
Persistent link: https://www.econbiz.de/10013447589
This paper investigates dislocations in the foreign exchange (FX) swap market between the US dollar and three major …), consistent with the deepening of a dollar liquidity problem into a global phenomenon. US dollar term funding auctions by the ECB …, SNB, and BoE, as well as the US Federal Reserve commitment to provide unlimited dollar swap lines are found to have …
Persistent link: https://www.econbiz.de/10013095699
This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The EU's response is naturally multilateral, but the...
Persistent link: https://www.econbiz.de/10012219782
Persistent link: https://www.econbiz.de/10003986452
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008–2009, and the way the region has been coping with the adjustment to the post-crisis challenges. We point out...
Persistent link: https://www.econbiz.de/10013118911
Persistent link: https://www.econbiz.de/10003862655
Persistent link: https://www.econbiz.de/10003929180
Despite the progress made on the empirical front, normative analyses are still lacking when it comes to foreign currency intermediation (partial dollarization of the domestic banking system) and the ways to address its systemic risks implications. In this paper, we make a comprehensive analysis...
Persistent link: https://www.econbiz.de/10012545879
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011286667
The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators …
Persistent link: https://www.econbiz.de/10013082025