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Regional Vulnerability : The Case of East Asia
Mody, Ashoka; Taylor, Mark P. - Department of Economics, University of Warwick - 2006
explained by regional economic and financial factors is interpreted as regional vulnerability to crisis. We find that regional … correlated with regional vulnerability. Individual country EMPIs are also explained by regional factors, with country …
Persistent link: https://www.econbiz.de/10005368632
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A Non-Deliverable Currency and Procyclical Capital Flows
Kim, Hee-Sik - 2019
Original sin is widely considered inevitable for emerging market economies on the ground that their currencies are not accepted as international currencies. Few, however, explore the effects of currency controls on original sin. To examine this possibility, I consider an open economy with a...
Persistent link: https://www.econbiz.de/10012898664
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The Euro Crisis and Economic Growth : A Novel Counterfactual Approach
Terzi, Alessio - 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012866042
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
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The Single Global Currency - Common Cents for the World (2007 Edition)
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...
Persistent link: https://www.econbiz.de/10005621973
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The Asian crisis: an economic analysis of the causes
Khan, Saleheen; Islam, Faridul; Ahmed, Syed - In: Journal of Developing Areas 39 (2005) 1, pp. 169-190
demonstrate how intraregional trade evolved over time. In addition it also provides a formal test of contagion through co …
Persistent link: https://www.econbiz.de/10011213025
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Early warning for currency crises: what is the role of financial openness?
Frost, Jon; Saiki, Ayako - de Nederlandsche Bank - 2013
constructed gravity-based contagion index to assess the importance of these factors in the run-up to currency crises. Using a … risk of a crisis for EMEs. Third, contagion has a very strong impact, consistent with the past literature, especially … helpful in judging relative vulnerability of countries during and since the Lehman crisis. …
Persistent link: https://www.econbiz.de/10010757284
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Alternative Measures for the Global Financial Cycle: Do They Make a Difference?
Tian, Xin; Jacobs, Jan; de Haan, Jakob - 2022
We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...
Persistent link: https://www.econbiz.de/10013266695
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Alternative measures for the global financial cycle : do they make a difference?
Tian, Xin; Jacobs, Jan; Haan, Jakob de - 2022
We construct several measures for the global financial cycle using dynamic factor models and data for 25 advanced and emerging countries over 1980-2019. Our results suggest that global cycles in asset prices and capital flows are highly similar and synchronized, especially during crisis...
Persistent link: https://www.econbiz.de/10013186798
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Current Account Deficits in European Emerging Markets
Shelburne, Robert - Economic Commission for Europe (UN-ECE), United Nations - 2008
, assesses the underlying vulnerability that has been created, and discusses the implications of this development for other …
Persistent link: https://www.econbiz.de/10005585677