Showing 11 - 20 of 56
Persistent link: https://www.econbiz.de/10014285932
Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new evidence for the effectiveness of capital flow...
Persistent link: https://www.econbiz.de/10014517643
Persistent link: https://www.econbiz.de/10012097785
Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new evidence for the effectiveness of capital flow...
Persistent link: https://www.econbiz.de/10014565202
Purpose: This paper aims to investigate how firms from emerging economies choose among different international bond markets: global, US144A and Eurobond markets. The authors explore if the ranking in regulatory stringency –global bonds have the most stringent regulations and Eurobonds have...
Persistent link: https://www.econbiz.de/10012074952
In this paper we estimate inflation expectations for several Latin American countries using an affine model that takes as factors the observed inflation and the parameters generated from zero-coupon yield curves of nominal bonds. By implementing this approach, we avoid the use of...
Persistent link: https://www.econbiz.de/10012141920
We investigate how firms in emerging economies choose among the different international bond markets: global, US144A and Eurobond markets. By exploiting the connection between the market of issuance and regulatory disclosure of information, we show that firms with poorer credit quality, less...
Persistent link: https://www.econbiz.de/10012999958
This paper analyses the relationship between the U.S. net external position and the exchange rate regime. I find a structural break in the U.S. net external position at the end of the Bretton Woods system of fixed exchange rates that changed both the mean and variance of the series. On average,...
Persistent link: https://www.econbiz.de/10012957053
Bond issuance increased moderately in the developed markets in 2016, partly due to the ongoing fiscal consolidation in the main economies. Placements by companies with better credit quality and by the banking sector were notably buoyant.Across countries, however, there were significant...
Persistent link: https://www.econbiz.de/10012962437
This article shows how indicators of agents' inflation expectations can be derived from the prices of various financial instruments and presents the estimates obtained for the euro area and the United States. The results show that these metrics have reacted to economic and monetary decisions...
Persistent link: https://www.econbiz.de/10012946206