Similar Search Results

Trade, gravity, and sudden stops : on how commercial trade can increase the stability of capital flows

Cavallo, Eduardo A. (contributor) - 2005 - Rev

Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing “sudden stops” in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...

Persistent link: https://www.econbiz.de/10003258546

Fickle Capital Flows and Retrenchment : Evidence From Bilateral Banking Data

Wang, Yabin - 2020

foreign and domestic investors or institutional risk, cannot explain bilateral data well. On the other hand, our results show … that global crises have an asymmetric impact on the risk attitudes of banking institutions towards country …-specific uncertainty: global crises make investors more risk-averse towards foreign uncertainty, but have no effect on the responsiveness …

Persistent link: https://www.econbiz.de/10012852252

Sudden stops and reserve accumulation in the presence of international liquidity risk

Lutz, Flora; Zessner-Spitzenberg, Leopold - 2020

We propose a small open economy model where agents borrow internationally and invest in liquid foreign assets to insure against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a pecuniary externality individual agents borrow too much...

Persistent link: https://www.econbiz.de/10012425195

The Initial Impact of the Crisis on Emerging Market Countries

Blanchard, Olivier J. - 2010

To understand the diverse impact of the crisis across emerging market countries, we explore the role of two shocks - the collapse in trade and the sharp decline in financial flows - in the transmission of the crisis from advanced economies to emerging market countries. We first develop a simple...

Persistent link: https://www.econbiz.de/10013141872

Global Competitiveness and Capital Flows : Does Stage of Economic Development and Risk Rating Matter?

Athari, Seyed Alireza - 2018

of competitiveness on cross-border capital flows, and shows how stages of economic development and country-specific risk … of its impact varies over different stages of development and across country risk levels …

Persistent link: https://www.econbiz.de/10012915105

Financial Integration and the Correlation between International Debt and Equity Flows

Shen, Hewei - 2020

investigates the roles of these two financial assets in international risk sharing. Using a data set of debt and equity flows since … the past decades due to the increased world financial integration. In addition, there is a negative correlation between …

Persistent link: https://www.econbiz.de/10012825213

Capital flows-at-risk : push, pull and the role of policy

Eguren-Martin, Fernando; O'Neill, Cian; Sokol, Andrej; … - 2021

We characterise the probability distributions of various categories of gross capital flows conditional on information contained in financial asset prices in a panel of emerging market economies, with a focus on "tail" events. Our framework, based on the quantile regression methodology, allows...

Persistent link: https://www.econbiz.de/10012503534

Asset price changes, external wealth and global welfare

Meyer, Timothy Andreas - 2024

world on the U.S. external position. The author constructs their global distribution, carefully accounting for the role of …

Persistent link: https://www.econbiz.de/10014500929

Do real exchange rate appreciations matter for growth?

Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014

While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...

Persistent link: https://www.econbiz.de/10010338713

Do real exchange rate appreciations matter for growth?

Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014

Persistent link: https://www.econbiz.de/10010348280