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The stock market impact of government interventions on financial services industry groups: Evidence from the 2007–2009 crisis

Pennathur, Anita; Smith, Deborah; Subrahmanyam, Vijaya - In: Journal of Economics and Business 71 (2014) C, pp. 22-44

We examine the market reaction and shift in risk from nine prominent government interventions in response to the crisis … (TARP), the interventions were wealth-decreasing and risk-increasing events for financial institutions. Leveraged firms and …, larger firms experience increases in systematic risk; non-U.S. firms experience lower changes in systematic risk. …

Persistent link: https://www.econbiz.de/10010738307

High Watermarks of Market Risks

Maillet, Bertrand; Médecin, Jean-Philippe; Michel, Thierry - HAL - 2009

We present several estimates of measures of risk amongst the most well-known, using both high and low frequency data … more precisely on the slopee of the tail of the various risk measure distributions, in order to define the high watermarks …

Persistent link: https://www.econbiz.de/10010738652

Crisis, Capital Controls and Covered Interest Parity: Evidence from China in Transformation

Chen, Jinzhao - HAL - 2012

This paper aims to investigate the intensity and the effectiveness of the capital controls in China from 2003 to 2010, with special attention to the period of financial turbulence that erupted in the summer of 2007. We employ a two-regime threshold autoregressive model to study the Renminbi...

Persistent link: https://www.econbiz.de/10010738729

La crise argentine 1976-2001 : lectures institutionnalistes et régulationnistes

Boyer, Robert; César, Julio Neffa - HAL - 2007

It is argued that the conventional analysis of the 2001 Argentina crisis in terms of populist budgetary policies and institutional rigidities of labor market is not satisfactory. The 2001 collapse takes place within a long history, but it results from a quite specific factor: the structural...

Persistent link: https://www.econbiz.de/10010738973

The implications of TARGET2 in the European balance of payments crisis and beyond

Cesaratto, Sergio - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 359-359

The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments crisis. In this context, it discusses Hans-Werner Sinn's thesis about a stealth bail-out of the EZ periphery by the ECB from a heterodox perspective. Financial liberalisation, a...

Persistent link: https://www.econbiz.de/10010739152

The Phillips Curve in the United States and Canada: A GARCHDCC Analysis

Yang, Lu; Hamori, Shigeyuki - In: Journal of Reviews on Global Economics 3 (2014), pp. 1-6

By applying the GARCH-DCC model, we reexamine the Phillips curve based on a time-varying correlation analysis for Canada and the United States from January 1985 to December 2012. The empirical results show that the sign of the correlation between the inflation rate and the unemployment rate is...

Persistent link: https://www.econbiz.de/10010739256

WORLD TRADE LIBERALISATION SINCE THE XIXTH CENTURY UP TO DATE

SPIRIDON, Cristian - In: Review of Economic and Business Studies (2012) 9, pp. 205-216

The present paper aims to disseminate how liberalisation processes were conducted around the globe and especially in Europe since the XIXth century up to date. The research objective is to review the liberalisation of trade dynamics and create an image of the architecture of the most important...

Persistent link: https://www.econbiz.de/10010739275

DETERMINANTS OF BANK PERFORMANCE IN CEE COUNTRIES

ANDRIES, Alin Marius; COCRIS, Vasile; URSU, Silviu Gabriel - In: Review of Economic and Business Studies (2012) 10, pp. 165-177

In this paper examine the impact of the current financial crisis on the performance of banks across 19 countries from Central and Eastern European for the period 2004 – 2010. The period chosen is relevant in the context of the entrance of new ten EU members at the beginning of the year 2004...

Persistent link: https://www.econbiz.de/10010739299

Foreign Direct Investment and Financial Resilience: Case of the Mediterranean Countries

RACHID, Semia - In: Review of Economic and Business Studies (2011) 8, pp. 235-258

During the last financial crises, foreign direct investment have shown an important financial resilience comparatively to other category of capital flows, in particular, foreign portfolio flows. For this reason the object of this study is to verify if foreign direct investment favours financial...

Persistent link: https://www.econbiz.de/10010739309

Russia and the Global Financial Crisis

Kudrin, Alexei - Gaidar Institute for Economic Policy - 2013

The present financial crisis is a further link in the chain of crises widely described in economics literature. As recently as in the 1990s the global economy was affected by a number of crises which had an impact on several whole groups of countries. In 1992-1993 several countries of the...

Persistent link: https://www.econbiz.de/10010739645