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Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)?
Bergant, Katharina - 2020
We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set ofmacroprudential tools contribute...
Persistent link: https://www.econbiz.de/10012828057
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Entropy of Global Financial Linkages
Lee, Daeyup - 2015
This paper proposes network entropy as a tool for measuring diversity of highly connected financial networks. The computation of network entropy hinges on eigenvector centrality and Shannon entropy. Two policy-related findings emerge from this research. First, regarding time variation of network...
Persistent link: https://www.econbiz.de/10013026008
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Frontier-market economies as a new group of the financial periphery : patterns and transmission channels of global shocks
Prates, Daniela Magalhães; Fritz, Barbara; Paula, Luiz … - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 282-298
This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...
Persistent link: https://www.econbiz.de/10014433727
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Global economy : new risks and leadership problems
Shavshukov, Viacheslav M.; Zhuravleva, Natalia A. - In: International Journal of Financial Studies : open … 8 (2020) 1/7, pp. 1-17
. After the global crisis of 2008-2009, the world economy entered the era of restructuring. This article focuses on the … risks that a new leader will face in the process of shaping the world economy. The methods employed in the research include … combination of world financial system crises and general civilization problems. These new systemic risks for the world economy …
Persistent link: https://www.econbiz.de/10012168948
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Global Regulatory Standards and Secured Transactions Law Reforms : At the Crossroad between Access to Credit and Financial Stability
Castellano, Giuliano - 2018
Persistent link: https://www.econbiz.de/10012923293
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Sovereign Wealth Funds and Emerging Economies : Tools for Boosting Development and Shifting Capital Flows
Zamarioli, Luis H. - 2012
Following the 2008 global financial crisis, Sovereign Wealth Funds (SWFs) gained visibility. Despite the regulation demands by host states, this new sovereign role in international markets can work as an important tool for developing countries. By cushioning imbalance periods and insulating from...
Persistent link: https://www.econbiz.de/10013110684
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Freeze! : financial sanctions and bank responses
Efing, Matthias; Goldbach, Stefan; Nitsch, Volker - 2019
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10012230708
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Freeze! : financial sanctions and bank responses
Efing, Matthias; Goldbach, Stefan; Nitsch, Volker - 2018
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10011952047
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Freeze! : financial sanctions and bank responses
Efing, Matthias; Goldbach, Stefan; Nitsch, Volker - 2018
We study the effects of financial sanctions on cross-border credit supply. Using a differences-in-differences approach to analyze eleven sanctions episodes between 2002 and 2015, we find that banks located in Germany reduce their positions in countries with sanctioned entities by 38%. The...
Persistent link: https://www.econbiz.de/10011938062
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Assessing the emerging global financial architecture : measuring the trilemma's configurations over time
Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2009
We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma during the post Bretton-Woods period. The paper first outlines the new metrics for measuring the degree of exchange rate flexibility, monetary independence, and capital account...
Persistent link: https://www.econbiz.de/10003854880