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Sovereign risk contagion in the Eurozone: a time-varying coefficient approach

Ludwig, Alexander - Volkswirtschaftliche Fakultät, … - 2013

This paper analyzes sovereign risk contagion in the Eurozone using an extension to the canonical model for contagion proposed by Pesaran and Pick (2007) and Metiu (2012) to allow for time-varying coefficients. This becomes necessary due to changes in the risk pricing of sovereign bonds since the...

Persistent link: https://www.econbiz.de/10011107941

Capital Inflows, Credit Booms and Their Risks

Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 2012

This paper highlights the findings of some of the recent research on capital flows, credit booms, and their attendant consequences for asset prices, business cycles, financial crises and the interaction among these. The aim is to condense key results from the relevant literature and promote...

Persistent link: https://www.econbiz.de/10011108104

New measures of workforce skills in the EU

Kang, Lili; O'Mahony, Mary; Peng, Fei - Volkswirtschaftliche Fakultät, … - 2012

This paper presents new data series designed to yield a more complete picture of the growth in average skill levels embedded in the EU workforce, comparing with competitor countries such as the US and China. Harmonised data from EU surveys are employed to extend coverage in existing databases to...

Persistent link: https://www.econbiz.de/10011108113

The Philippines in the Asian Financial Crisis: How the Sick Man Avoided Pneumonia

Noland, Marcus - Volkswirtschaftliche Fakultät, … - 2000

The Philippines has long been regarded as the weak sister of Asia, but in the Asian financial crisis it performed relatively well. This is not simply a matter of not being able to fall out of the basement, either—in mid-1997 the Philippines economy was forecasted to grow at more than six...

Persistent link: https://www.econbiz.de/10011108196

The financial crisis: impact on BRIC and policy response

Banerjee, Ritwik; Vashisht, Pankaj - Volkswirtschaftliche Fakultät, … - 2010

The paper looks at the transmission channels by which the financial crisis affected the four emerging economies- Brazil, Russia, India and China, the degree and extent of the impact of the crisis, the subsequent policy interventions which enabled recovery and an assessment of how successful...

Persistent link: https://www.econbiz.de/10011108242

“Post financial crisis and exports expansion: Micro-evidence from Chilean exporters”

Álvarez, Roberto; Sáez, Camila - Volkswirtschaftliche Fakultät, … - 2014

This paper analyzes the performance of Chilean exporting firms during the period after the financial crisis of 2008 and 2009. After the crisis, world imports increased sustainably, which was used by Chilean firms in particular and the country in general. Specifically, larger firms, and those...

Persistent link: https://www.econbiz.de/10011108257

О стратегии инновационного развития российской экономики

Neshitoj, Анатолий Семенович Нешитой - Institute of Economics, Russian Academy of Sciences (RAS)

is based on liberal market approach - market self-regulation of economic development, although, in fact, it is already in … an apologist for market self-regulation (IMF) condemned the principles of the famous "Washington Consensus" and calls for … the need for state regulation of the financial sector, to the true distribution of wealth, the device company with a …

Persistent link: https://www.econbiz.de/10011026309

The Cost of Financial Frictions for Life Insurers

Koijen, Ralph S.J.; Yogo, Motohiro - Federal Reserve Bank of Minneapolis - 2014

was due to financial and product market frictions, interacting with statutory reserve regulation that allowed life …

Persistent link: https://www.econbiz.de/10011026988

Stability of funding models: an analytical framework

Eisenbach, Thomas M.; Keister, Todd; McAndrews, James Joseph - In: Economic Policy Review (2014) Feb, pp. 29-47

precise determinants of this stability are not well understood, gaining a better grasp of them is a critical task for market … participants and policymakers as they try to design more resilient arrangements and improve financial regulation. This article uses …-term creditors may decide not to roll over their debt. The authors measure stability by looking at the combinations of shocks the …

Persistent link: https://www.econbiz.de/10011027147

How Does the Financial Crisis Affect Volatility Behavior and Transmission Among European Stock Markets?

Slimane, Faten Ben; Mehanaoui, Mohamed; Kazi, Irfan Akbar - In: International Journal of Financial Studies 1 (2013) 3, pp. 81-101

The spread of the global financial crisis of 2008/2009 was rapid, and impacted the functioning and the performance of financial markets. Due to the importance of this phenomenon, this study aims to explain the impact of the crisis on stock market behavior and interdependence through the study of...

Persistent link: https://www.econbiz.de/10011029804