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Spring Forward or Fall Back? The Post-Crisis Recovery of Firms.

Medina, Leandro - 2012

This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms …

Persistent link: https://www.econbiz.de/10012690153

The Economics of Sovereign Debt, Bailouts, and the Eurozone Crisis

Gourinchas, Pierre-Olivier - 2023

Cyprus, Greece, Ireland, Portugal, and Spain, ranging from roughly 0.5% (Ireland) to a whopping 43% (Greece) of 2010 output …

Persistent link: https://www.econbiz.de/10015059348

Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal

Jones, Matthew T. - 2006

Persistent link: https://www.econbiz.de/10012691143

How Do Banking Crises Affect Bilateral Exports?

Kiendrebeogo, Youssouf - International Monetary Fund (IMF) - 2013

This paper investigates whether banking crises are associated with declines in bilateral exports. We first develop a simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports through supply-side and demand-side shocks. We then...

Persistent link: https://www.econbiz.de/10010790269

External Finance, Sudden Stops, and Financial Crisis; What is Different This Time?

International Monetary Fund (IMF); International … - 2010

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...

Persistent link: https://www.econbiz.de/10008560432

The Cross-Country Incidence of the Global Crisis

Milesi-Ferretti, Gian-Maria; Lane, Philip R. - International Monetary Fund (IMF) - 2010

We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...

Persistent link: https://www.econbiz.de/10008646414

Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece

González-Hermosillo, Brenda; Johnson, Christian A - International Monetary Fund (IMF) - 2014

Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009â€“12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …€™s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …

Persistent link: https://www.econbiz.de/10011142190

Cost-Benefit Analysis of Leaning Against the Wind : Are Costs Larger Also with Less Effective Macroprudential Policy?

Svensson, Lars E. O. - 2016

'Leaning against the wind' (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of higher unemployment and lower inflation, importantly including a higher cost of a...

Persistent link: https://www.econbiz.de/10014408003

Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market

Dell'Ariccia, Giovanni - 2008

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...

Persistent link: https://www.econbiz.de/10014409025

Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?

Tong, Hui - 2008

We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than...

Persistent link: https://www.econbiz.de/10014409046