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distress and contagion are also confirmed by many recent empirical studies. By contrast, according to empirical analyses, the …
Persistent link: https://www.econbiz.de/10005609360
Persistent link: https://www.econbiz.de/10005611769
Persistent link: https://www.econbiz.de/10005613513
The major task of a development-friendly international financial architecture is to mitigate pro-cyclical effects of financial markets and open “policy space” for counter-cyclical macroeconomic policies in the developing world. This paper explores a series of policy instruments for this...
Persistent link: https://www.econbiz.de/10005619273
We investigate interlinkages and contagion risks in the Dutch interbank market. Based on several data sources … perform a scenario analysis to measure contagion risks. We find that the bankruptcy of one of the large banks will put a … considerable burden on the other banks, but will not lead to a complete collapse of the interbank market. The contagion effects of …
Persistent link: https://www.econbiz.de/10005621597
are factors explaining this contagion effect. But the main mistakes that led to the crisis were those of the Russians …
Persistent link: https://www.econbiz.de/10005648585
In this paper, we investigate the relationship between the transparency of banks and the fragility of the banking system. We show that information-based bank runs may be inefficient because the deposit con-tract designed to provide liquidity induces depositors to have excessive incentives to...
Persistent link: https://www.econbiz.de/10005648950
Using the maximum entropy method, this paper estimates the danger of contagion in the Finnish interbank market in 2005 …–2007 as well as the existence of contagion during a Finnish banking crisis. The contagion analysis of the early 1990s is able … that five of ten deposit banks are possible starting points for contagious effects. The magnitude of contagion is …
Persistent link: https://www.econbiz.de/10005648959
The aim of this paper is to test empirically the impact of the contagion effect on the credibility of the exchange rate … and Russia. We find that : (1) the contagion effect is an important factor in order to determine the exchange rate ; (ii … contagion effect. Our results emphasize also that the Russian crisis had more impact on the economies of these countries, fact …
Persistent link: https://www.econbiz.de/10005696792
processes that treat countries in isolation can prevent contagion of debt crises. …
Persistent link: https://www.econbiz.de/10010734901