Narrow search
Showing 1 - 10 of 1,508
Cover Image
The macro view
Balling, Morten (ed.); Berk, Jan Marc (ed.);  … - Colloquium The Quest for Stability <2009, Utrecht>; … - 2010
On September 3-4, 2009, SUERF and Utrecht University School of Economics jointly organized the 28th SUERF Colloquium on "The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB and Rabobank are based on contributions to this...
Persistent link: https://www.econbiz.de/10011706504
Cover Image
The Effectiveness of the ECB's Asset Purchase Programs of 2009 to 2012
Tavlas, G. S.; Gibson, Heather D.; Hall, Stephen G. - 2022
We examine the impact of the ECB’s Securities Market Program (SMP) and the ECB’s two Covered Bond Purchase Programs (CBPPs) on sovereign bond spreads and covered-bond prices, respectively, for five euro-area stressed countries -- Greece, Ireland, Italy, Portugal, and Spain. Our data are...
Persistent link: https://www.econbiz.de/10013492698
Cover Image
Fiscal Policy and Financial Depth
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2004
the question of how countries like Belgium or Italy (pre-Maastricht) could run large fiscal deficits and accumulate debts …Most economists and observers place the lack of fiscal discipline at the core of the recent Argentine crisis. This begs … Argentina cannot act like Belgium or Italy and pursue expansionary fiscal policy during downturns? We argue that advanced and …
Persistent link: https://www.econbiz.de/10014071655
Cover Image
Insuring against private capital flows : is it worth the premium? ; What are the alternatives?
Bibow, Jörg (contributor) - 2008
Following an analysis of the forces behind the global capital flows paradoxʺ observed in the era of advancing financial globalization, this paper sets out to investigate the opportunity costs of self-insurance through precautionary reserve holdings. We reject the idea of reserves as low-cost...
Persistent link: https://www.econbiz.de/10003807715
Cover Image
Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies
Bibow, Jörg - 2010
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10003943187
Cover Image
Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to 'Self-Insuring' Emerging Market Economies
Bibow, Jörg - 2010
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10013145124
Cover Image
Sovereign Risk and Financial Risk
Gilchrist, Simon; Wei, Bin; Yue, Vivian Z.; Zakrajšek, Egon - 2021
In this paper, we study the interplay between sovereign risk and global financial risk. We show that a substantial portion of the comovement among sovereign spreads is accounted for by changes in global financial risk. We construct bond-level sovereign spreads for dollar-denominated bonds issued...
Persistent link: https://www.econbiz.de/10012792718
Cover Image
Sovereign Risk and Financial Risk
Gilchrist, Simon; Wei, Bin; Yue, Vivian Z.; Zakrajsek, Egon - 2022
In this paper, we study the interplay between sovereign risk and global financial risk. We show that a substantial portion of the comovement among sovereign spreads is accounted for by changes in global financial risk. We construct bond-level sovereign spreads for dollar-denominated bonds issued...
Persistent link: https://www.econbiz.de/10014239716
Cover Image
Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …
Persistent link: https://www.econbiz.de/10014077291
Cover Image
Sovereign Risk and Financial Risk
Gilchrist, Simon; Wei, Bin; Yue, Vivian Z.; Zakrajsek, Egon - 2021
In this paper, we study the interplay between sovereign risk and global financial risk. We show that a substantial portion of the comovement among sovereign spreads is accounted for by changes in global financial risk. We construct bond-level sovereign spreads for dollar-denominated bonds issued...
Persistent link: https://www.econbiz.de/10013311583