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Ari, Anil - 2016

In European countries recently hit by a sovereign debt crisis, the share of domestic sovereign debt held by the national banking system has sharply increased, raising issues in their economic and financial resilience, as well as in policy design. This paper examines these issues by analyzing the...

Persistent link: https://www.econbiz.de/10011605939

Sovereign risk and bank risk-taking

Ari, Anil - 2018

I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...

Persistent link: https://www.econbiz.de/10011984856

Gambling traps

Ari, Anil - 2018

Persistent link: https://www.econbiz.de/10012142061

Gambling traps

Ari, Anil - 2018

Persistent link: https://www.econbiz.de/10011959253

Sovereign risk and bank risk-taking

Ari, Anil - 2018

Persistent link: https://www.econbiz.de/10011978544

Sovereign risk and bank risk-taking

Ari, Anil - 2015

Persistent link: https://www.econbiz.de/10011293364

Regime-dependent sovereign risk pricing during the euro crisis

Delatte, Anne-Laure; Fouquau, Julien; Portes, Richard - 2016

Previous work has documented a greater sensitivity of long-term government bond yields to fundamentals in Euro area stress countries during the euro crisis, but we know little about the driver(s) of regime-switches. Our estimates based on a panel smooth threshold regression model quantify and...

Persistent link: https://www.econbiz.de/10011974869

Sovereign contagion in Europe : evidence from the CDS market

Manasse, Paolo; Zavalloni, Luca - 2013

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …

Persistent link: https://www.econbiz.de/10011731038

Explosive target balances

Potrafke, Niklas; Reischmann, Markus Josef - 2013

Spain), and the Target claims of the German Bundesbank increased significantly. If the Eurozone collapses, the German …

Persistent link: https://www.econbiz.de/10009764406

Explosive target balances of the German Bundesbank

Potrafke, Niklas; Reischmann, Markus - 2014

Using the recursive unit root test by Phillips et al. (2011) we show that the Target balances of the German Bundesbank have been explosive from the beginning of 2009 to the beginning of 2013. By implementing a full-allotment policy and reducing the required minimum quality of collaterals in...

Persistent link: https://www.econbiz.de/10010380612