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Do investors disproportionately shed assets of distant countries under increased uncertainty? : evidence from the global financial crisis

2012

The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...

Persistent link: https://www.econbiz.de/10009691014

Which structural policies stabilise capital flows when investors suddenly change their mind? : evidence from bilateral bank data

Ahrend, Rudiger; Schwellnus, Cyrille - 2012

The global financial crisis of 2007-09 and the ensuing sovereign debt crisis in Europe provide evidence that portfolio rebalancing of financial investors can contribute to spread financial turmoil across countries. Rebalancing of portfolios, in turn, may be driven by the need to meet liquidity...

Persistent link: https://www.econbiz.de/10009691017

The liquidity buffer practices of public debt managers in OECD countries

Cruz, Pedro; Koc, Fatos - 2018

offices in OECD countries. Sovereign debt managers view a liquidity buffer as an effective tool to address re-financing risk … and liquidity risk that may arise for reasons such as, unexpected increases in borrowing needs, short-term mismatches in …

Persistent link: https://www.econbiz.de/10011976166