Similar Search Results

Stigma? What Stigma? : a contribution to the debate on the effectiveness of IMF lending

Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018

There is a perception that IMF programmes are not catalytic and instead associated with large capital outflows, higher refinancing costs for sovereigns and adverse movements in stock markets. This has led to concerns that an expectation of adverse effects of IMF programmes may deter countries...

Persistent link: https://www.econbiz.de/10011846238

Stigma? What stigma? : a contribution to the debate on financial market effects of IMF lending

Scheubel, Beatrice; Tafuro, Andrea; Vonessen, Benjamin - 2018

In the policy debate on the effectiveness of the Global Financial Safety Net, concerns have been raised that expectations of adverse effects of IMF programmes may deter countries from asking for an IMF programme when they need one, a form of "IMF stigma". We explore the existence of IMF...

Persistent link: https://www.econbiz.de/10011928948

How important are global factors for understanding the dynamics of international capital flows?

Eller, Markus; Huber, Florian; Schuberth, Helene - 2018

We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship between global factors and country-specific capital flow dynamics. Studying a global sample of 43 countries from 1994 until 2015, we show that global co-movement of macroeconomic,...

Persistent link: https://www.econbiz.de/10011929696

The global financial cycle and capital flow episodes : a wobbly link?

Scheubel, Beatrice; Stracca, Livio; Tille, Cédric - 2019

We add to the literature on the influence of the global financial cycle (GFC) and gyrations in capital flows. First, we build a new measure of the GFC based on a structural factor approach, which incorporates theoretical priors in its definition. This measure can also be decomposed in a...

Persistent link: https://www.econbiz.de/10012129742

The global financial cycle and capital flow episodes : a wobbly link?

Scheubel, Beatrice; Stracca, Livio; Tille, Cédric - 2019

Persistent link: https://www.econbiz.de/10012132563

Investment funds, monetary policy, and the global financial cycle

Kaufmann, Christoph - 2020

financial markets world-wide gained importance during the post-crisis "second phase of global liquidity" (Shin, 2013). The …

Persistent link: https://www.econbiz.de/10012316994

The Great Moderation in International Capital Flows : A Global Phenomenon?

McQuade, Peter - 2016

This paper highlights a recent ‘great moderation' in global capital flows, characterized by smaller volumes and lower volatility of cross-border transactions. However, there are substantial differences across countries and regions which we analyse by comparing the level of international...

Persistent link: https://www.econbiz.de/10012983089

The 2007-2009 Financial Crisis, Global Imbalances and Capital Flows : Implications for Reform

Kenc, Turalay; Dibooglu, Sel - 2010

The paper discusses the currents that led to the 2007-2009 financial crisis. We discuss the crisis in a historical context and present evidence regarding the incidence and unit price of risk. Our results show that the unit price of risk prior to the subprime crisis is comparable to the price of...

Persistent link: https://www.econbiz.de/10014197315

Global Imbalances, Productivity Differentials and Financial Integration

Chakraborty, Suparna; Dekle, Robert - 2007

the rest of the world cannot explain the U.S. current account deficits, especially in the 1980s and the 2000s. This is … because on a GDP- weighted basis, the rest of the world actually had higher productivity growth during these periods, and … standard macroeconomic models would predict an outflow of funds from the U.S. to the rest of the world, and a consequent U …

Persistent link: https://www.econbiz.de/10014222785

Sudden Flight and True Sudden Stops

Warnock, Francis E.; Rothenberg, Alexander D. - 2006

We extend the sudden stops literature by allowing crisis episodes to be caused by either the retreat of global investors, as is assumed but not shown in the extant literature, or the sudden flight of local investors. We find that almost half of the previously defined sudden stops are actually...

Persistent link: https://www.econbiz.de/10014054471