Showing 1 - 10 of 193
Romania is among the countries that are vulnerable to the sovereign debt crisis in Europe. As a result of the global crisis, public sector deficit and debt level increase from 2007 to 2009. Deficit remains high in 2010, with only a modest reduction, while debt level continues to rise. This paper...
Persistent link: https://www.econbiz.de/10010631993
This paper investigates bi-directional linkages between the stock and foreign exchange markets of a number of emerging economies. This is accomplished by estimating a vector autoregressive model with Generalized Autoregressive Conditional Heteroskedasticity (VAR-GARCH) for each of twelve...
Persistent link: https://www.econbiz.de/10010718963
Public debts have surged in recent years, in advanced economies, to the levels that have not been recorded since the end of the World War II. The average public debt/GDP ratio for all advances economies has surpassed the pre-World War II peaks reached during the World War I and subsequently...
Persistent link: https://www.econbiz.de/10010925945
poor management, the excessive risk, the adverse conditions in the market or fraudulent practices can cause serious or even …
Persistent link: https://www.econbiz.de/10010631819
Debt issue is a highly debated topic today since many of the world economies, especially the Eurozone, hit by global financial and economic crisis, faces with high levels of deficits and debt. Credit rating agencies, due to the problems related deficits and public debt have downgraded the credit...
Persistent link: https://www.econbiz.de/10010631949
This paper outlines a framework for mapping the effects of Basel III increases in capital and liquidity requirements on cross-border bank lending to emerging market economies. In a traditional push and pull scheme, the effects of capital and liquidity ratios are disentangled through 6 specific...
Persistent link: https://www.econbiz.de/10011189476
This paper explores whether the level of de facto financial integration of banks in a country increases the incidence of systemic banking crises. The paper computes a measure of financial integration based on network statistics of banks participating in the global market of inter-bank syndicated...
Persistent link: https://www.econbiz.de/10011189483
The deficit of the balance of payments, the governmental expenses larger than the budget incomes, the excessive consume of the population, the needs of national economic restructuring etc represent many motives for applying for external credits. If the economically advanced countries have enough...
Persistent link: https://www.econbiz.de/10010632102
country risk. Nowadays, the intensity of the risks composing what we generically call “country risk” is rising, as well as the … fact that it is now necessary – for the analists – to take into consideration the country risk in the case of countries … becomes concerned by country risk …
Persistent link: https://www.econbiz.de/10010632111
beyond, have highlighted the existing gaps in the models of country risk analysis, models that cannot provide, in most cases … of country risk, the crises manifested worldwide creating new forms of risk, and making its assessment more complex. If … Country risk is shaped by the crisis, it, in turn, may influence the manifestation of the crisis. A current example is the …
Persistent link: https://www.econbiz.de/10010632149