Showing 1 - 10 of 1,467
multilayer network framework is applied to link debt and equity exposures across countries. Use of this approach-that examines … of financial contagion.The structure of the global financial network has changed since the global financial crisis … and contagion remain similar in that network is highly susceptible to shocks from central countries and those with large …
Persistent link: https://www.econbiz.de/10011852664
Anecdotal evidence suggests the existence of specific choke points in the global trade network revealed especially … basket and to propose effective mitigation policies. First, using network analysis tools we develop a methodology for …
Persistent link: https://www.econbiz.de/10011716572
This paper proposes a network model of multilaterally equilibrium exchange rates. The model introduces a topological … currencies. The paper defines the currency demand indicator. On its base, it derives a multilateral exchange rate network, finds …
Persistent link: https://www.econbiz.de/10011711598
for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export …
Persistent link: https://www.econbiz.de/10014411197
Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et al...
Persistent link: https://www.econbiz.de/10014411214
We create a network of bilateral correlations of changes in sovereign bond yields and individual bank equity price … changes since 2000. We extract some stylized facts from this network of asset price correlations and document the clear …
Persistent link: https://www.econbiz.de/10014411222
We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the …
Persistent link: https://www.econbiz.de/10014411326
The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature,...
Persistent link: https://www.econbiz.de/10014411331
hazard in bank monitoring. Our results imply trade-offs between regulators' microprudential desire to shield individual weak …
Persistent link: https://www.econbiz.de/10014411354
Does the distribution of income within a country become more equal as it grows richer? This paper uses plausibly exogenous variations in trade-weighted world income and international oil price shocks as instruments for within-country variations in countries' real GDP per capita to examine this...
Persistent link: https://www.econbiz.de/10014411386