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Bremus, Franziska; Rieth, Malte - 2023

We study the role of international financial integration in buffering natural disaster shocks, using a large sample of … and economic conditions. We document that integration improves shock absorption: output, consumption, and investment are … significantly higher after a shock in states of high integration than in states of low integration. However, the benefits of …

Persistent link: https://www.econbiz.de/10014468927

Monetary policy spillovers under intermediate exchange rate regimes

Ahmed, Rashad - In: Journal of international money and finance 112 (2021), pp. 1-36

Persistent link: https://www.econbiz.de/10012797669

Capital controls and foreign reserves against external shocks : combined or alone?

Cezar, Rafaël; Monnet, Eric - In: Journal of international money and finance 137 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014478148

Macro-Financial Implications of the Surging Global Demand (and Supply) of International Reserves

Mendoza, Enrique G.; Quadrini, Vincenzo - National Bureau of Economic Research - 2024

(increase) world interest rates but also to increase (reduce) private leverage. This in turn increased (decreased) volatility in …

Persistent link: https://www.econbiz.de/10015056133

Foreign exchange interventions : the long and the short of it

Alexander, Patrick; Alpanda, Sami; Kabaca, Serdar - 2022 - Last updated: June 6, 2022

This paper studies the effects of foreign exchange (FX) interventions in a two-region New Keynesian model where governments issue both short-term and long-term bonds. Imperfect substitutability between bonds gives rise to portfolio balance effects that make FX interventions effective....

Persistent link: https://www.econbiz.de/10013252982

The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma

Aizenman, Joshua - 2010

This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...

Persistent link: https://www.econbiz.de/10013144649

The Global Dollar Cycle

Obstfeld, Maurice; Zhou, Haonan - National Bureau of Economic Research - 2023

cyclical pattern. Over that cycle, world asset prices, leverage, and capital flows move in concert with global growth …

Persistent link: https://www.econbiz.de/10014247924

Emerging markets interest rates, international reserves and net foreign assets

Bitar, Joseph; Boileau, Martin - In: Journal of globalization and development 12 (2021) 2, pp. 145-180

Persistent link: https://www.econbiz.de/10013262740

Precautionary Demand for Foreign Assets in Sudden Stop Economies : An Assessment of the New Mercantilism

Durdu, Ceyhun Bora; Mendoza, Enrique G.; Terrones, Marco E. - 2007

Financial globalization had a rocky start in emerging economies hit by Sudden Stops. Foreign reserves have grown very rapidly since then, as if those countries were practicing a New Mercantilism that views foreign reserves as a war-chest for defense against Sudden Stops. This paper conducts a...

Persistent link: https://www.econbiz.de/10014221388

The International Monetary System After the Financial Crisis

Dorrucci, Ettore - 2014

The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...

Persistent link: https://www.econbiz.de/10013069527

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