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SOVEREIGN RISK IN THE CLASSICAL GOLD STANDARD ERA

Cameron, Gavin; Gai, Prasanna; Tan, Kang Yong - Crawford School of Public Policy, Australian National … - 2006

risk to be priced more effectively. In contrast to other studies, our results suggest that fundamental factors were more …

Persistent link: https://www.econbiz.de/10010607747

How Should We Bank With Foreigners? An Empirical Assessment of Lending Behaviour of International Banks to Six East Asian Countries

Pontines, Victor; Siregar, Reza - Crawford School of Public Policy, Australian National … - 2012

The possible crucial role of international bank lending in the transmission of adverse economic disturbance from advanced economies to emerging economies in the recent global financial crisis has once again placed this type of capital flows into sharper scrutiny both in academic and policy...

Persistent link: https://www.econbiz.de/10011201588

Are European sovereign bonds fairly priced? The role of modeling uncertainty

Haan, Leo de; Hessel, Jeroen; End, Jan Willem van den - de Nederlandsche Bank - 2013

This paper examines the extent to which large swings of sovereign yields in euro area countries during the sovereign debt crisis can be attributed to fundamentals. We focus on the inherent uncertainty in bond yield models, which is often overlooked in the literature. We show that the outcomes...

Persistent link: https://www.econbiz.de/10010705925

Financial Globalization and Monetary Policy

Wagner, Helmut; Berger, Wolfram - de Nederlandsche Bank - 2003

Recently, it has often been argued that globalization eases the job of central banks as it helps to tame inflation. This is used to argue that central banks (particularly the ECB, referring to the objectives as laid down in the EU-Treaty) could or should reduce their efforts in the fight against...

Persistent link: https://www.econbiz.de/10005106786

International Diversification During the Financial Crisis: A Blessing for Equity Investors?

Vermeulen, Robert - de Nederlandsche Bank - 2011

This paper empirically investigates international equity investors' foreign portfolios before and during the financial crisis by estimating a gravity model for 22 source and 42 destination countries. The results show that international stock market diversification provides large gains during the...

Persistent link: https://www.econbiz.de/10009385893

Net Foreign Asset (Com)position: Does Financial Development Matter?

Vermeulen, Robert; Haan, Jakob de - de Nederlandsche Bank - 2012

We investigate the relationship between a country's domestic financial development and the (composition of its) net …

Persistent link: https://www.econbiz.de/10009652211

Early warning for currency crises: what is the role of financial openness?

Frost, Jon; Saiki, Ayako - de Nederlandsche Bank - 2013

gross (but not net) capital inflows in general increase the risk of a currency crisis, but looking at a disaggregated level …, gross portfolio flows increase the risk of a currency crisis for advanced economies, whereas gross FDI inflows decrease the … risk of a crisis for EMEs. Third, contagion has a very strong impact, consistent with the past literature, especially …

Persistent link: https://www.econbiz.de/10010757284

Can Book-to-Market, Size and Momentum Be Risk Factors that Predict Economic Growth?.

Liew, J.; Vassalou, M. - Graduate School of Business, Columbia University - 1999

their ability to predict future economic growth in some countries. Our results support a risk-based explanation for the …

Persistent link: https://www.econbiz.de/10005631008

Sri Lanka's Post-conflict Development Challenge: Learning from the Past

Athukorala, Prema-chandra - Crawford School of Public Policy, Australian National … - 2014

The end of the ethnic conflict in Sri Lanka in 2009 generated widespread expectations of a period of sustained economic growth, building on the achievements of the liberalisation reforms sustained over three previous decades. However, recent developments have dampened that optimism, rekindling...

Persistent link: https://www.econbiz.de/10010762628

Empirical Research on Sovereign Debt and Default

Tomz, Michael; Wright, Mark L. J. - Crawford School of Public Policy, Australian National … - 2013

In this essay we review the empirical literature about sovereign debt and default. As we survey the work of economists, historians, and political scientists, we also emphasize parallel developments by theorists and recommend steps to improve the correspondence between theory and data.

Persistent link: https://www.econbiz.de/10011186037

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