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Diagnosing fiscal distress : regional evidence from Polish municipalities

Zioło, Magdalena - In: Romanian journal of fiscal policy : RJFP 6 (2015) 2, pp. 14-33

The paper deals with the problem of municipalities’ fiscal distress and its diagnosis. The study examines the key financial indicators of Polish municipalities located in the West Pomeranian Region and uses them to build an aggregate measurement to identify the level of these municipalities’...

Persistent link: https://www.econbiz.de/10011618825

Chapter 7. Fiscal and Financial Crises

Bordo, M.D.; Meissner, C.M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 355-412). 2016

classic banking panics toward modern banking crises where financial guarantees are associated with crisis resolution. Recent … Asian crisis (1997). We discuss the evolution in economic theorizing on crises since the 1950s, and then provide an overview … crises. We discuss the methodological issue of crisis measurement encompassing the definition, dating, and incidence of …

Persistent link: https://www.econbiz.de/10014024279

Managing the sovereign-bank nexus

Dell'Ariccia, Giovanni; Ferreira, Caio; Jenkinson, Nigel; … - 2018

This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We find that banks and sovereigns are linked by three interacting channels: banks hold large amounts of sovereign debt; banks are protected...

Persistent link: https://www.econbiz.de/10011901498

The role of lenders' trust in determining borrowing conditions for sovereign debt : an analysis of one-period government bonds with default risk

Guo, Yanling - 2015

In this paper, the author considers the sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the weight assigned to the lenders' interest by the borrowing government at the time of...

Persistent link: https://www.econbiz.de/10010512528

The signaling role of fiscal austerity

Gibert, Anna - 2016

I build a model where creditworthy countries may use fiscal austerity to communicate their ability to repay sovereign debt and show that the signaling channel is active only for high levels of asymmetric information. The model generates a negative association between the amount of public...

Persistent link: https://www.econbiz.de/10011564643

Debt dynamics in emerging and developing economies : is R - G a red herring?

Moreno Badía, Marialuz; Gamboa-Arbelaez, Juliana; … - In: Journal of globalization and development 13 (2022) 2, pp. 269-304

Persistent link: https://www.econbiz.de/10013549656

Monetary, financial and fiscal fragility in 2020s

El-Shagi, Makram; Turcu, Camélia - In: Journal of international money and finance 117 (2021), pp. 1-5

Persistent link: https://www.econbiz.de/10013284858

Revisiting Latin America's debt crisis : some lessons for the periphery of the eurozone

Capraro, Santiago; Perrotini Hernández, Ignacio - In: Cambridge journal of economics 37 (2013) 3, pp. 627-651

Persistent link: https://www.econbiz.de/10009771094

Determinants of government bond yield spreads in EU countries

Zeman, Juraj - In: Ekonomický časopis : časopis pre ekonomickú … 62 (2014) 6, pp. 598-608

Persistent link: https://www.econbiz.de/10010400264

New tools to assess fiscal and financial vulnerabilities in advanced economies : introduction

Borgy, Vladimir; Bouthevillain, Carine; Diebolt, Claude; … - In: Applied economics 46 (2014) 4/6, pp. 587-588

Persistent link: https://www.econbiz.de/10010358800