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The process of globalization has integrated financial markets and cross-border capital flows. This has resulted in the … critical to minimize the exposure of an economy to currency crises. Various types of currency crises and resulting contagion … and its regional nature have been reviewed. Crisis contagion poses a systemic threat to the stability of the global …
Persistent link: https://www.econbiz.de/10009447978
adjustment" aid; centrality in trade flows; and regional "contagion." In contrast to prior work in financial economics, we find … and population growth. The results indicate that globalization is usefully construed as a process analogous to …
Persistent link: https://www.econbiz.de/10009476864
En este trabajo se analizan los determinantes de episodios de tensiones exteriores a través de un análisis probit enfocado en el impacto de los pasivos frente al resto del mundo, con la finalidad de construir un indicador de alerta temprana para un conjunto de economías seleccionadas de la...
Persistent link: https://www.econbiz.de/10012530574
A recent paper by Kraay (2003) documents the lack of any systematic associationbetween monetary policy and the outcome of a speculative attack. This paper extendsKraay’s work by introducing an improved measure of monetary policy and an additionalcountry-specific fundamental, short-term...
Persistent link: https://www.econbiz.de/10009441503
Includes descriptive metadata provided by producer in QuickTime movie file: "Politics, Economics and Social Issues - Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to President Obama and former chairman of the Federal...
Persistent link: https://www.econbiz.de/10009431143
It’s fast approaching the end of the year and the festive season, and I have a few things on my mind. First, how I’ll fit in all of my holiday plans and projects within my period of leave, which always seems to pass oh so quickly! But more important are the two issues of global financial...
Persistent link: https://www.econbiz.de/10009438001
Before the Global Financial Crisis many providers of finance had growth mandates and actively pursued development finance deals as a way of gaining higher returns on funds with regular capital turnover and re-investment possible. This was able to be achieved through high gearing and low presales...
Persistent link: https://www.econbiz.de/10009438259
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings. The findings reveal that highly leveraged A-REITs with variable earnings are less likely to issue seasoned equity offerings....
Persistent link: https://www.econbiz.de/10009438312
This study investigates the series of events that led to Fannie Mae and Freddie Mac expanding their lines of business into the risky subprime mortgage market. Faced with competition from commercial banks and pushed to expand their purchases of low income and minority mortgages in order to...
Persistent link: https://www.econbiz.de/10009468243
2007-09 m. pasaulinė finansų sektoriaus krizė paskatino staigų finansų rinkų nuosmukį ir didelį rizikos vengimą. Aukšta koreliacija tarp skirtingų regionų ar kai kurių turto klasių portfelio valdymą daro vis sudėtingesniu. Šiame darbe pateikti trys skirtingų struktūrų...
Persistent link: https://www.econbiz.de/10009479378