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Revisiting limits and pitfalls of QE in emerging markets
Dăianu, Daniel; Alupoaiei, Alexie; Kubinsch, Matei - 2021
Persistent link: https://www.econbiz.de/10012792590
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Revisiting limits and pitfalls of QE In the emerging markets
Dăianu, Daniel; Alupoaiei, Alexie; Kubinsch, Matei - In: Romanian journal of economic forecasting 25 (2022) 1, pp. 5-25
Persistent link: https://www.econbiz.de/10013411668
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Inside Safe Assets
Gelpern, Anna - 2016
“Safe assets” is a catch-all term for financial contracts that market participants treat as if they were risk-free. These may include government debt, AAA corporate debt, bank debt, and asset-backed securities, among others. The International Monetary Fund estimated potential safe assets at...
Persistent link: https://www.econbiz.de/10012982449
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The Sources of Recent Inflation in Vietnam : Evidence from a VAR with Sign Restrictions
Vu, Tuan Khai - 2013
This paper studies the sources of high and chronic inflation in Vietnam in recent years using the structural VAR method … demand shocks seem to explain a large part of inflation over the whole sample period, while the contribution of monetary …, monetary shocks seem to be the main determinants of inflation in the period 2004Q1-2008Q3, while supply shocks appear to be …
Persistent link: https://www.econbiz.de/10013083637
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Boilerplate Shock : Sovereign Debt Contracts as Incubators of Systemic Risk
Shill, Gregory H. - 2015
Scholars generally assess the usefulness of standard-form securities contracts from the perspective of the firms that use them. But these firm-centric accounts overlook the cumulative impact of standardization on markets. Where the market in question is critical to the financial system, this...
Persistent link: https://www.econbiz.de/10013034077
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Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo J.; Cowan, Kevin; Kearns, Jonathan - 2004
Latin American economies are exposed to substantial external vulnerability. Domestic imbalances and terms of trade shocks are often exacerbated by sudden stops of capital inflow. In this paper we explore ways of overcoming external vulnerability, drawing lessons from a detailed comparison of the...
Persistent link: https://www.econbiz.de/10014071653
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Diagnosing the Source of Financial Market Shocks : An Application to the Asian Financial Crisis
Fedderke, Johannes W. - 2011
This paper presents a diagnostic of the source of financial shocks (idionsyncratic country specific versus common fundamental), which is robust to a range of forms of crisis propagation across markets. Size and power characteristics of the test appear strong. An application of the proposed test...
Persistent link: https://www.econbiz.de/10013127073
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How many factors and shocks cause financial stress?
Kappler, Marcus; Schleer, Frauke - 2013
The aim of this paper is to assess the dimension of factors and shocks that drive financial conditions, and in particular financial stress in the euro area. A second aim is to construct summary indices on the conditions and level of stress in financial markets with the aid of a dynamic factor...
Persistent link: https://www.econbiz.de/10010204040
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Sovereign risk contagion in the Eurozone : a time-varying coefficient approach
Ludwig, Alexander - 2013
This paper analyzes sovereign risk contagion in the Eurozone using an extension to the canonical model for contagion proposed by Pesaran and Pick (2007) and Metiu (2012) to allow for time-varying coefficients. This becomes necessary due to changes in the risk pricing of sovereign bonds since the...
Persistent link: https://www.econbiz.de/10010222446
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Financial shock and the United States multinational and domestic corporations leverage
Alnori, Faisal - In: Cogent economics & finance 11 (2023) 1, pp. 1-22
Puzzling findings from prior studies demonstrated that US multinational corporations (MNCs) capital structure include significantly lower leverage than their domestic counterparts. This study utilized the period of the 2008- Global Financial Crisis (GFC) to compare the leverage ratios between...
Persistent link: https://www.econbiz.de/10014500816