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Boom-bust cycles and financial liberalization
Tornell, Aaron - 2005
Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...
Persistent link: https://www.econbiz.de/10013482034
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Currency in circulation, the cash changeover and the Euro-Dollar exchange rate
Seitz, Franz; Bindseil, Ulrich - In: IFO-Studien : Zeitschrift für empirische … 47 (2001) 4, pp. 531-548
This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … the three time series in question (euro banknotes, US dollar banknotes, exchange rate). The main conclusion is that there …
Persistent link: https://www.econbiz.de/10001678876
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Systemic crises and growth
Rancière, Romain (contributor); Tornell, Aaron (contributor) - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10002757563
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Systemic crises and growth
Rancière, Romain; Tornell, Aaron; Westermann, Frank - 2005
Persistent link: https://www.econbiz.de/10002570038
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Systemic crises and growth
Rancière, Romain; Tornell, Aaron; Westermann, Frank - In: The quarterly journal of economics 123 (2008) 1, pp. 359-406
Persistent link: https://www.econbiz.de/10003880708
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Systemic crises and growth
Rancière, Romain; Tornell, Aaron; Westermann, Frank - In: Macrofinancial linkages : trends, crises, and policies, (pp. 141-176). 2010
Persistent link: https://www.econbiz.de/10008807574
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Systemic crises and growth
Rancière, Romain (contributor); Tornell, Aaron (contributor) - 2004
Persistent link: https://www.econbiz.de/10003073932
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Systemic crises and growth
Rancière, Romain; Tornell, Aaron; Westermann, Frank - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10002801716
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Systemic Crises and Growth
Ranciere, Romain - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have, on average, grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative...
Persistent link: https://www.econbiz.de/10012467611
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Systemic Crises and Growth
Rancière, Romain G.; Tornell, Aaron; Westermann, Frank - 2005
In this paper, we document the fact that countries that have experienced occasional financial crises have on average grown faster than countries with stable financial conditions. We measure the incidence of crisis with the skewness of credit growth, and find that it has a robust negative effect...
Persistent link: https://www.econbiz.de/10014060801