Similar Search Results

The Curse of Non-Investment Grade Countries

Rigobon, Roberto - 2001

event on the properties of the transmission of shocks between Argentina and Mexico. The paper shows that there is a …

Persistent link: https://www.econbiz.de/10012470080

Political Constraints and Sovereign Default

Azzimonti, Marina; Mitra, Nirvana - National Bureau of Economic Research - 2022

constraints. The model is calibrated to Argentina and the results conform to robust empirical evidence. An event study for the …

Persistent link: https://www.econbiz.de/10012814442

Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A. - 2005

statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …

Persistent link: https://www.econbiz.de/10012467532

Peronist Beliefs and Interventionist Policies

Tella, Rafael Di - 2010

Argentina and Democrat and Republican voters in the US. While income and education suggest that Peronists (in relative terms …

Persistent link: https://www.econbiz.de/10012462036

Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth

Acemoglu, Daron; Robinson, James Alan; Johnson, Simon; … - 2002

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10012469587

Macroeconomic Volatility in Latin America : A View and Three Case Studies

Caballero, Ricardo J. - 2000

better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …

Persistent link: https://www.econbiz.de/10012470968

Do Foreign Yield Curves Predict U.S. Recessions and GDP Growth?

Ahmed, Rashad; Chinn, Menzie David - National Bureau of Economic Research - 2022

This paper shows that foreign term spreads constructed from bond yields of non-U.S. G-7 constituents predict future U.S. recessions and that foreign term spreads are stronger predictors of U.S. recessions occurring within the next year than U.S. term spreads. U.S. and foreign term spreads are...

Persistent link: https://www.econbiz.de/10013477229

Convenience Lost

Jiang, Zhengyang; Richmond, Robert J.; Zhang, Tony - National Bureau of Economic Research - 2025

We show long-term Treasury convenience yields are more sensitive to changes in Treasury supply than short-term Treasury convenience yields. The fiscal expansion in the past two decades and the resultant increase in Treasury supply depressed convenience yields heterogeneously across maturities --...

Persistent link: https://www.econbiz.de/10015421891

A New Test for Market Efficiency and Uncovered Interest Parity

Baillie, Richard; Diebold, Francis X.; Kapetanios, George; … - National Bureau of Economic Research - 2022

We suggest a new single-equation test for Uncovered Interest Parity (UIP) based on a dynamic regression approach. The method provides consistent and asymptotically efficient parameter estimates, and is not dependent on assumptions of strict exogeneity. This new approach is asymptotically more...

Persistent link: https://www.econbiz.de/10013462687

LASH risk and Interest Rates

Alfaro, Laura; Bahaj, Saleem; Czech, Robert; Hazell, … - National Bureau of Economic Research - 2024

This paper studies a form of liquidity risk that we call 'Liquidity After Solvency Hedging' or "LASH" risk. Financial institutions take LASH risk when they hedge against solvency risk, using strategies that require liquidity when the solvency of the institution improves. We focus on LASH risk...

Persistent link: https://www.econbiz.de/10015171644