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Do country fundamentals explain emerging market bond spreads?
Beck, Roland - 2001
Persistent link: https://www.econbiz.de/10001596256
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Getting beyond carry trade : what makes a safe haven currency?
Habib, Maurizio Michael; Stracca, Livio - 2011
There is already a substantial literature documenting the fact that low yield currencies typically appreciate during times of global financial stress and behave as safe havens. The main objective of this paper is to find out what the fundamentals of safe haven currencies are. We analyse a large...
Persistent link: https://www.econbiz.de/10008901495
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Sovereign ratings and their impact on recent financial crises
Kräussl, Roman - 2000
Persistent link: https://www.econbiz.de/10001467266
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Do changes in sovereign credit ratings contribute to financial contagion in emerging market crises? /Roman Kräussl
Kräussl, Roman - 2003
Persistent link: https://www.econbiz.de/10001884636
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Do credit rating agencies add to the dynamics of emerging market crises?
Kräussl, Roman - 2003
Persistent link: https://www.econbiz.de/10001798570
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Optimal reserve composition in the presence of sudden stops : the euro and the dollar as safe haven currencies
Beck, Roland (contributor); Rahbari, Ebrahim (contributor) - 2008
traditional portfolio objectives as debt to reserve ratios decrease. We empirically estimate optimal dollar and euro shares for 24 … reserve ratios, introducing transactions demand has a relatively modest effect. We also find that euro and dollar bonds act as … in Asia and Latin America, while the euro is a better hedge for sudden stops in Emerging Europe. We reproduce …
Persistent link: https://www.econbiz.de/10003782664
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A critique on the proposed use of external sovereign credit ratings in Basel II
Kräussl, Roman - 2003
Persistent link: https://www.econbiz.de/10001865111
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Do credit rating agencies add to the dynamics of emerging market crises?
Kräussl, Roman - 2003
The experience in the period during and after the Asian crisis of 1997-98 has provoked an extensive debate about the credit rating agencies evaluation of sovereign risk in emerging markets lending. This study analyzes the role of credit rating agencies in international financial markets,...
Persistent link: https://www.econbiz.de/10009765355
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Do changes in sovereign credit ratings contribute to financial contagion in emerging market crises?
Kräussl, Roman - 2003
Credit rating changes for long-term foreign currency debt may act as a wake-up call with up-grades and downgrades in one country affecting other financial markets within and across national borders. Such a potential (contagious) rating effect is likely to be stronger in emerg-ing market...
Persistent link: https://www.econbiz.de/10009765359
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A critique on the proposed use of external sovereign credit ratings in Basel II
Kräussl, Roman - 2003
This paper deals with the proposed use of sovereign credit ratings in the Basel Accord on Capital Adequacy (Basel II) and considers its potential effect on emerging markets financing. It investigates in a first attempt the consequences of the planned revisions on the two central aspects of...
Persistent link: https://www.econbiz.de/10009765360