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This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10010286125
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011689946
The financial crisis has highlighted the need for models that can identify counterparty risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures and...
Persistent link: https://www.econbiz.de/10011605170
Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries' macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the financial reform index developed by Abiad et al. (A New Database of Financial...
Persistent link: https://www.econbiz.de/10010317973
This heterogeneous interacting agents model of a financial market is a generalization of the model proposed by Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as...
Persistent link: https://www.econbiz.de/10010299487
This agent-based financial market model is a generalization of the model of Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as introduced by Demary (Who Does a Currency...
Persistent link: https://www.econbiz.de/10010299955
the International Monetary Fund, World Bank, Organisation for Economic Co-operation and Development, and other …
Persistent link: https://www.econbiz.de/10010286143
holds true for the protection of the stability of an individual bank as it does for that of a whole national or even … international financial system. The liquidity problems of a bank can certainly have a variety of causes. However, as an examination … of the history of bank insolvencies and financial crises shows, an accelerated withdrawal of bank deposits by unsecured …
Persistent link: https://www.econbiz.de/10011689941
the individual bank or for the system as a whole. Objections to substantial increases in capital requirements rest on …
Persistent link: https://www.econbiz.de/10010286702
This paper reviews the impact of the global financial turmoil and the subsequent recession on the economies of southern and eastern Mediterranean countries. The major effects on the economies of this region have come through transmission channels associated with the real economy, i.e. the global...
Persistent link: https://www.econbiz.de/10011606270