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The financial crisis and subsequent economic recession led to a rapid increase in the issuance of public debt. But large-scale purchases of bonds by the Federal Reserve, and other major central banks, have significantly reduced the scale and maturity of public debt that would otherwise have been...
Persistent link: https://www.econbiz.de/10010188528
bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are … to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 …
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. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private …'s signaling ability, our results state that repeated intervention is required to bail out a country, where by additional … intervention suffices to avoid liquidity crises. -- catalytic finance; debtor moral hazard; global games …
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time series approach to intervention analysis. Limited supportfor the deterrent impact of parole abolition and sentence …
Persistent link: https://www.econbiz.de/10011333897
The authors combine an empirical model of external intervention with a theoretical model of civil war duration. Their … empirical model of intervention allows them to analyze civil war duration using "expected" rather than "actual" external … intervention as an explanatory variable in the duration model. Unlike previous studies, they find that external intervention is …
Persistent link: https://www.econbiz.de/10010524291
Policy interventions in large open economies do not only affect the allocation of domestic resources but change international market prices. The change in international prices implies an indirect secondary burden or benefit for all trading countries. This secondary terms of trade effect may have...
Persistent link: https://www.econbiz.de/10011442985