findings point to a heightened risk of emerging market crises in the coming years as the Fed continues to normalize interest …

’ (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 … year window before risk-off shocks experienced relatively lower external finance premia and exchange rate volatility during … and COVID-19 as risk-off shocks. Our identification relies on a difference-in-differences methodology with country fixed …

different historical episodes of crises reflect different vulnerabilities in terms of their composition, buildup and responses …

the financial position of firms’ balance sheets, increasing lenders’ risk perception. I use Bayesian techniques and data …

In this paper, I study channels through which risk-appetite shocks to global investors, i.e., global financial shocks … Korea. In short, all the analysis in this paper implies that to a substantial extent, risk-appetite shocks to global …