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The Liquidation of Government Debt
Reinhart, Carmen M. - 2011
Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive...
Persistent link: https://www.econbiz.de/10013127094
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Contingent Reserves Management : An Applied Framework
Caballero, Ricardo J.; Panageas, Stauros - 2004
One of the most serious problems that a central bank in an emerging market economy can face, is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In...
Persistent link: https://www.econbiz.de/10014069501
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Global Implications of a US-Led Currency War
Triggs, Adam - 2020
In 2019, President Trump called on the U.S. Federal Reserve to cut interest rates to depreciate the U.S. dollar, which, according to the IMF, is overvalued by between 6 and 12 percent. This paper uses an intertemporal general equilibrium model to explore what would likely happen if the...
Persistent link: https://www.econbiz.de/10012840710
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Financial Integration Without the Volatility
Caballero, Ricardo J.; Cowan, Kevin - 2008
Integration to international capital markets is one of the key pillars of development. However, capital flows also bring volatility to emerging markets. Are there mechanisms to reap the benefits of capital flows without being hurt by their volatility? Are current practices, such as large...
Persistent link: https://www.econbiz.de/10014054224
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The Future of Banking in CESEE after the Financial Crisis
Gnan, Ernest; Simor, Andras; Schepers, Manfred; Eller, … - 2011
On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10011689947
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The Future of Banking in CESEE after the Financial Crisis
Eller, Markus; Frömmel, Michael; Gnan, Ernest; Simor, … - SUERF - The European Money and Finance Forum
On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10009003008
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The future of banking in CESEE after the financial crisis : a joint publication with the Magyar Nemzeti Bank
Csajbók, Attila (ed.); Gnan, Ernest (ed.) - Conference The Future of Banking in CESEE after the …; … - 2011
On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10011710662
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Did scarce global savings finance the US real estate bubble? The "Global Saving Glut" thesis from a stock flow consistent perspective
Lindner, Fabian - 2015
reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this … sind. Oft ist das genaue Gegenteil wahr: Wirtschafter können nur sparen, wenn andere Wirtschafter einen Kredit aufgenommen …, sondern erlauben erst dem Rest der Welt, überhaupt Ersparnis zu bilden. …
Persistent link: https://www.econbiz.de/10011372379
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Investments in research and development: case study in Eastern Europe
Coada, Raluca; Gogan, Luminita Maria - In: Review of Applied Socio-Economic Research 7 (2014) 1, pp. 25-32
level. Today, the world development level results from an ongoing investment, in various forms. The different ways to invest … investment in research and development on productivity growth as a major determinant of competitiveness and economic growth. So … field. In this paper we propose to consider first the role of investment in the creation of competitive advantage in the …
Persistent link: https://www.econbiz.de/10010785494
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Regulation and Banking after the Crisis
Balling, Morten; Gnan, Ernest; Honohan, Patrick; … - 2011
The Central Bank of Ireland and SUERF organised a joint conference in Dublin on 20th September, 2010 on the general theme of Regulation and Banking after the Crisis. In the best traditions of SUERF, the programme included papers and presentations from the three main constituencies of SUERF:...
Persistent link: https://www.econbiz.de/10011689948