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Reserve accumulation, growth and financial crises

Benigno, Gianluca; Fornaro, Luca; Wolf, Martin - 2021 - This draft: July 2021

Persistent link: https://www.econbiz.de/10012820856

Gorton, Gary B. - 2014

To end a financial crisis, the central bank is to lend freely, against good collateral, at a high rate, according to … individual collateral from being produced and to create an information externality by raising the perceived value of average … collateral. Ironically, the participation of "bad" borrowers, with low quality collateral, in the central bank's lending program …

Persistent link: https://www.econbiz.de/10013048087

Are the Central and Eastern European Transition Countries Still Vulnerable to a Financial Crisis? Results from the Signals Approach

Brüggemann, Axel - 2016

The aim of paper is to analyse the vulnerability of the Central and Eastern European accession countries to the EU as well as that of Turkey and Russia to a financial crisis. Our methodology is an extension of the signals approach. We develop a composite indicator to measure the evolutin of of...

Persistent link: https://www.econbiz.de/10012991860

External financing risks : how important is the composition of the international investment position?

Cubeddu, Luis; Ahmed Hannan, Swarnali; Rabanal, Pau - 2021

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and emerging economies and new database on the IIP's currency composition, we find that...

Persistent link: https://www.econbiz.de/10012517927

Reserves and currency crises : the role of the exchange rate regime

Sever, Can - In: Applied economics letters 28 (2021) 19, pp. 1677-1681

Persistent link: https://www.econbiz.de/10012652572

Common Fundamentals in the Tequila and Asian Crises

Tornell, Aaron - 2021

The cross-country variation in the severity of the crisis was largely determined by three fundamentals: the strength of the banking system, the real appreciation, and the international liquidity of the country. We also find that the rule that links fundamentals to the crisis severity has been...

Persistent link: https://www.econbiz.de/10013220789