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The current account reversals, large recessions, and price collapses that define Sudden Stops contradict the predictions of a large class of models in which the current account is a vehicle for consumption smoothing and investment financing. This paper shows that the quantitative predictions of...
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Analysis of financial crises in emerging market economies, including Mexico, Argentina, and Russia; traces the … evolution of crisis theory and challenges the conventional wisdom. …, AlejandroIzquierdo, and Ernesto Talvi -- Part III In Search of a Theory -- Introduction to Part III -- 7 Varieties of Capital …
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. This negative impact is dampened in cases with past periods of high inflation. There is also some evidence that …
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and dissemination of agency in an age of acceleration, risk, and uncertainty, asking how the temporality inscribed in … logic of finance and foundational concepts of financial theory to the intersection between objective structures and social …
Persistent link: https://www.econbiz.de/10012034566
and hence may account for the presence of inflation risk premiums in bond yields. The results also indicate that, in … increased confidence that inflation will remain low and stable, leading to lower inflation risk premiums and thereby explaining …This article constructs an empirical measure of uncertainty about short-term inflation forecasts and finds the long …
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by modelling the time-varying dynamics of asset returns and inflation, and then estimating the cost of hedging in ation … expected and unexpected in ation shocks embedded in sovereign bond yields; and provides estimates of the real risk-free rate … recent years, a low real risk-free rate, as well as low levels of compensation for both expected and unexpected in ation. The …
Persistent link: https://www.econbiz.de/10012241109
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