Showing 243,591 - 243,600 of 245,916
Given the present economic situation the subject regarding the propagation mechanisms of financial crisis is of present interest. In these mechanisms, investor behaviour seems to be one of the propagation’s causes, and that’s why we think that the study of inventors’ types of behaviour...
Persistent link: https://www.econbiz.de/10008513155
This paper presents the evolution of construction and real estate sectors in Romania in the context of current financial crisis, highlighting the internal and international economic climate. The evolutions of the main macroeconomic indicators and sectoral factors of influence on them are...
Persistent link: https://www.econbiz.de/10008513160
This paper decomposes the explained part of the CDS spread changes of 31 listed euro area banks according to various risk drivers. The choice of the credit risk drivers is inspired by the Merton (1974) model. Individual CDS liquidity and other market and business variables are identified to...
Persistent link: https://www.econbiz.de/10008513324
We investigate the information content of aggregate stock market liquidity and ask whether it may be a useful realtime indicator, both for financial stress, and real economic activity in Norway. We describe the development in a set of liquidity proxies at the Oslo Stock Exchange (OSE) for the...
Persistent link: https://www.econbiz.de/10008514721
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10008514864
The current episode (2007-09) may well be the first time since Latin America gained its independence in the early 1800s that a major economic contraction and financial calamity in the industrialized world has not caused a wave of currency, sovereign debt or banking crises in the region. What...
Persistent link: https://www.econbiz.de/10008514911
This paper studies the impact of global financial turmoil on the exchange rate policies in emerging countries. Many emerging countries have loosened the link of their currencies to the US dollar since the bursting of the subprime crisis in July 2007. Spillovers from advanced financial markets to...
Persistent link: https://www.econbiz.de/10008515824
Even though the FX market is one of the most liquid financial market, it would be an error to consider that it is immune against any liquidity problem. This paper analyzes on a long sample (2000-2009), the all set of quotes and transactions in three main currency pairs (EURJPY, EURUSD, USDJPY)...
Persistent link: https://www.econbiz.de/10008516104
Este artículo examina la descripción de crisis económica en "The New York Times" con ejemplos de artículos que aparecieron en los años 2008 y 2009. Hay tres dimensiones en que es descrita la crisis como evento; una de ellas es como un movimiento o desarrollo de extensión internacional o...
Persistent link: https://www.econbiz.de/10008518154
Using a generalized vector autoregressive framework in which forecast-error variance decompositions are invariant to variable ordering, we propose measures of both total and directional volatility spillovers. We use our methods to characterize daily volatility spillovers across U.S. stock, bond,...
Persistent link: https://www.econbiz.de/10008518250