Narrow search
Showing 1 - 10 of 347
Cover Image
Gambling for resurrection in Iceland: the rise and fall of the banks
Baldursson, Fridrik Mar; Portes, Richard - C.E.P.R. Discussion Papers - 2013
lending to the banks’ owners, although they strongly maintained otherwise in autumn 2007. Neither the FSA nor the Central Bank …
Persistent link: https://www.econbiz.de/10011084274
Cover Image
The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks
Acharya, Viral V; Steffen, Sascha - C.E.P.R. Discussion Papers - 2013
the cross-section of banks; and, the negative German loading reflects funding risk (flight away from bank funding to … various proxies for bank short-term debt. Large banks and banks with low Tier 1 ratios and high risk-weighted assets had …” – greater exposure of domestic banks to its sovereign’s bonds – which is partly explained by the European Central Bank funding …
Persistent link: https://www.econbiz.de/10011084468
Cover Image
Spread the News: How the Crisis Affected the Impact of News on the European Sovereign Bond Markets
Beetsma, Roel; de Jong, Frank; Giuliodori, Massimo; … - C.E.P.R. Discussion Papers - 2012
. The magnitude of the news effects is related to cross-border bank holdings. A split of news into bad and good news shows …
Persistent link: https://www.econbiz.de/10011083333
Cover Image
Never Say Never: Commentary on a Policymaker’s Reflections
Obstfeld, Maurice - C.E.P.R. Discussion Papers - 2014
an emerging economy’s central bank starting in May 2005, he decided the monetary responses to the worldwide crisis of …
Persistent link: https://www.econbiz.de/10011083383
Cover Image
Crowding Out Redefined: The Role of Reserve Accumulation
Reinhart, Carmen M.; Tashiro, Takeshi - C.E.P.R. Discussion Papers - 2013
differently, reserve accumulation involves an official institution (i.e., the central bank) funneling domestic saving abroad and …
Persistent link: https://www.econbiz.de/10011083567
Cover Image
The Impact of News and the SMP on Realized (Co)Variances in the Eurozone Sovereign Debt Market
Beetsma, Roel; de Jong, Frank; Giuliodori, Massimo; … - C.E.P.R. Discussion Papers - 2014
We use realized variances and covariances based on intraday data from Eurozone sovereign bond market to measure the dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence newsflash, on the dependence structure. More news...
Persistent link: https://www.econbiz.de/10011084398
Cover Image
International Debt Deleveraging
Fornaro, Luca - C.E.P.R. Discussion Papers - 2015
This paper provides a framework to understand debt deleveraging in a group of financially integrated countries. During an episode of international deleveraging, world consumption demand is depressed and the world interest rate is low, reflecting a high propensity to save. If exchange rates are...
Persistent link: https://www.econbiz.de/10011196040
Cover Image
Global Imbalances and the Financial Crisis: Products of Common Causes
Obstfeld, Maurice; Rogoff, Kenneth - C.E.P.R. Discussion Papers - 2009
This paper makes a case that the global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both have their origins in economic policies followed in a number of countries in the 2000s and in distortions that influenced the transmission of these policies...
Persistent link: https://www.econbiz.de/10008557008
Cover Image
Where It All Began: Lending of Last Resort and the Bank of England during the Overend, Gurney Panic of 1866
Flandreau, Marc; Ugolini, Stefano - C.E.P.R. Discussion Papers - 2011
In this article, we use the original ledgers of the Bank of England to document which institutions received liquidity … during the crisis of 1866. The so-called Overend-Gurney panic is when the Bank began adopting lending of last resort policies … statistical predominance of foreign bills in the material brought to the Bank of England; (b) the correlation between the …
Persistent link: https://www.econbiz.de/10009001068
Cover Image
Three Sisters: The Interlinkage between Sovereign Debt, Currency and Banking Crises
Eijffinger, Sylvester C W; Karatas, Bilge - C.E.P.R. Discussion Papers - 2013
The sovereign debt default and the linkages from banking and currency crisis have been rarely explored in the crisis literature. This study attempts to dive into this unexplored area by applying panel data binary choice model on a sample with 20 emerging countries having monthly observations for...
Persistent link: https://www.econbiz.de/10011084100