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The Demand for Fiduciary Services : Evidence from the Market in Private Donative Trusts
Hofri-Winogradow, Adam S. - 2017
Recent revelations on the use of fiduciary services by the wealthy and political leaders raise concerns regarding the use of such services for tax and creditor evasion. Yet given the secrecy shrouding much of the fiduciary industry, we do not know which fiduciary services are used for such...
Persistent link: https://www.econbiz.de/10012968231
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The dynamics of international capital flows : results from a dynamic hierarchical factor model
Förster, Marcel; Jorra, Markus; Tillmann, Peter - 2012
. -- Capital flows ; dynamic hierarchical factor model ; emerging economies ; financial crises …
Persistent link: https://www.econbiz.de/10009534030
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Current-account imbalances and economic growth during the 2008 - 2009 financial crisis : an empirical analysis
Rangelove, Rossitsa - In: Contemporary economics 8 (2014) 2, pp. 123-136
This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...
Persistent link: https://www.econbiz.de/10010406280
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Boom-bust cycles in middle income countries : facts and explanation
Tornell, Aaron; Westermann, Frank - 2002
gradually decelerates. But sometimes the boom ends in twin currency and banking crises, and is followed by a protracted credit …
Persistent link: https://www.econbiz.de/10011410453
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Monetary and Fiscal Policies in a Sudden Stop : Is Tighter Brighter?
Ortiz, Alberto - 2012
In this paper we ask whether tighter monetary and fiscal policies are the right way to face a sudden stop (a sudden curtailment in capital flows) in a typical emerging economy. We develop exogenous measures of fiscal and monetary policy response and conclude that tighter policies are associated...
Persistent link: https://www.econbiz.de/10013104754
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The East Asian Dollar Standard, Fear of Floating, and Original Sin
McKinnon, Ronald - 2007
Before the crisis of 1997-98, the East Asian economies except for Japan but including China pegged their currencies to the U.S. dollar. To avoid further turmoil, the IMF now argues that these currencies should float more freely. However, our econometric estimations show that the dollar's...
Persistent link: https://www.econbiz.de/10012729302
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Current-Account Imbalances and Economic Growth During the 2008-2009 Financial Crisis : An Empirical Analysis
Rangelova, Rossitsa - 2014
This study examines the relationship between current-account imbalances and economic growth during the 2008-2009 financial and economic crisis for 179 countries (covered by IMF data) and within the EU-27 countries (covered by Eurostat data). The countries are divided into 4 groups by GDP per...
Persistent link: https://www.econbiz.de/10013051206
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The influence of global financial liquidity on the Indonesian economy : dynamic analysis with threshold VAR
Ekananda, Mahjus; Suryanto, Tulus - In: Economies : open access journal 9 (2021) 4, pp. 1-20
Empirical studies of the global liquidity spillover on Indonesia's economy are still relatively limited. Most of the global contagion literature on Indonesia's economy focuses only on the effects of real shock (on output) due to financial shock. We assert that the effect of global output on...
Persistent link: https://www.econbiz.de/10012799838
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What Drives Contagion : Trade, Neighborhood, or Financial Links?
Hernández, Leonardo; Valdés, Rodrigo - 2021
Brazilian crises. Results show that when crises are measured by changes in sovereign bond spreads, financial competition seems … to explain almost all contagion episodes. However, when crises are measured by stock market returns, trade links and … neighborhood effects appear to be relevant contagion channels during the Thai and Brazilian crises, while financial competition …
Persistent link: https://www.econbiz.de/10013317942
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Boom-Bust Cycles in Middle Income Countries : Facts and Explanation
Tornell, Aaron; Westermann, Frank - 2021
gradually decelerates. But sometimes the boom ends in twin currency and banking crises, and is followed by a protracted credit …
Persistent link: https://www.econbiz.de/10013320404