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Central banks and the absorption of international shocks (1891-2019)

Bazot, Guillaume; Monnet, Eric; Morys, Matthias - 2024

Persistent link: https://www.econbiz.de/10015142140

Sudden stops, sovereign risk, and fiscal rules

Gómez González, José Eduardo; Valencia, Oscar M.; … - 2021

This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed and emerging market economies. Results indicate that fiscal rules are beneficial for macroeconomic...

Persistent link: https://www.econbiz.de/10012586437

Capital flows : isues and polices

Montiel, Peter - 2013

developed, and strategies to achieve resilience to both inflows and outflows in a world where exogenous events may frequently …

Persistent link: https://www.econbiz.de/10010244171

Financial openness of China and India : implications for capital account liberalisation

Ma, Guonan; McCauley, Robert N. - 2014

We gauge the de-facto capital account openness of the Chinese and Indian economies by testing the law of one price on the basis of onshore and offshore price gaps for three key financial instruments. Generally, the three measures show both economies becoming more financially open over time. Over...

Persistent link: https://www.econbiz.de/10010402814

Trilemma, dilemma and global players

Ligonnière, Samuel - 2017

Persistent link: https://www.econbiz.de/10011745548

Bretton Woods and the reconstruction of Europe

Ohanian, Lee E.; Van Patten, Diana; … - 2019

The Bretton Woods international financial system, which was in place from roughly 1949 to 1973, is the most significant modern policy experiment to attempt to simultaneously manage international payments, international capital flows, and international currency values. This paper uses an...

Persistent link: https://www.econbiz.de/10012138670

US financial shocks and the distribution of income and consumption in the UK

Mumtaz, Haroon; Theodoridis, Konstantinos - 2018

higher income and higher levels of consumption are affected more by this shock than households located towards the lower end … effect of this shock on aggregate output. …

Persistent link: https://www.econbiz.de/10011787854

Sovereign external borrowing and multilateral lending : dynamics and crises

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2018

the World Bank (WB). Finally, we find evidence of synchronization between MDBs and IMF during fiscal crises. …

Persistent link: https://www.econbiz.de/10011959415

The spillover of euro area shocks to the Maltese economy

Gatt, William; Ruisi, Germano - 2022

the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock … global market for oil, a generic monetary policy shock encompassing both conventional and unconventional interventions, and a … financial stress shock. The model is estimated using Bayesian methods over a sample that goes from 2003Q1 to 2019Q4 and …

Persistent link: https://www.econbiz.de/10012818649

The risk of external financial crisis

Cavallo, Eduardo A.; Fernández Arias, Eduardo; … - 2022

This paper explores the empirical determinants of external crises on a world panel dataset of 62 countries over the …

Persistent link: https://www.econbiz.de/10014480077