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Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine; O'Driscoll, Anthony

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

Persistent link: https://www.econbiz.de/10009475709

The Value of the Sovereign Credit Default Market: Domestic Stock Market Interaction and Contagion Effects during Credit Crisis

Reichert, Alexander M. - 2010

Credit Default Swaps have become a large part of financial markets and recently the center of debate between academics and regulators alike. Transferring the techniques to measure information flow between the CDS market and stock markets presented by Acharya and Johnson (2007), this paper looks...

Persistent link: https://www.econbiz.de/10009468731

Ökonomie sichtbar machen : die Welt nationaler Schulden in Bildschirmgröße. Eine Ethnographie

Grimpe, Barbara - 2010

Nationalökonomien und ihre Verschuldung sind eigentlich unüberschaubar. Am Beispiel sogenannter Entwicklungs- und Schwellenländer zeigt dieses Buch, wie Regierungen und internationale Finanzinstitutionen sich dennoch tagtäglich Übersicht verschaffen: Mithilfe spezifischer...

Persistent link: https://www.econbiz.de/10009471757

Internationale Verschuldungskrisen, die Kreditvergabepolitik des IWF und Schuldner-Moral-Hazard : eine Analyse aus vertragstheoretischer Sicht

Frech, Tim - 2005

Als zentralem Bestandteil der internationalen Finanzarchitektur kommt dem Internationalen Währungsfonds (IWF) heutzutage immer öfter die Aufgabe zu, bei Verschuldungskrisen souveräner Staaten, insbesondere weit fortgeschrittener Schwellen- und Transformationsländer, als multilateraler...

Persistent link: https://www.econbiz.de/10009471827

Issues with Debt Funding: Some Empirical Evidence Post-GFC

Zuhair, Segu; Natoli, Riccardo - 2013

The recent debt-crisis, referred to as the Global Financial Crisis (GFC), resulted in significant worldwide impacts. The main reason for the crisis was, ironically, the ease with which debt was made available, especially to those with a poor credit history. The crisis then resulted in a shortage...

Persistent link: https://www.econbiz.de/10011316121

The efficiency of early warning indicators for financial crises

Rabe, Jens Michael - 2000

The banking and currency crises of the last two decades inflictedsubstantial financial, economic, and social damage on thecountries in which they originated. In this work, the efficiencyof early warning indicators for these disastrous economic eventsis evaluated. An analysis of the traditional...

Persistent link: https://www.econbiz.de/10009471830

(WP 2011-02) Predicting Changes in Corporate Governance in Emerging Markets

Braga-Alves, Marcus; Morey, Matthew - 2011

This paper investigates what predicts changes in corporate governance in emerging markets. To conduct this study we utilize a unique data set from AllianceBernstein that consists of monthly firm-level corporate governance ratings for 24 emerging market countries for almost seven years. Since the...

Persistent link: https://www.econbiz.de/10009484519

Delving into country risk

Iranzo Gutiérrez, Silvia - 2008

Since the Latin American debt crisis of the early 80s, country risk analysis has accounted for a significant part of the work of research and risk management departments of banks, insurance companies, rating agencies, financial market regulators, and multinational companies. Country risk is a...

Persistent link: https://www.econbiz.de/10012529527

Essays on financial markets and the macroeconomy

Mönch, Emanuel - 2006

Charakterisierung der Geldpolitik wird dann die Zinsstruktur unter der Annahme fehlender Arbitragemöglichkeiten hergeleitet. Das …. Die Analyse offenbart, dass der "curvature"-Faktor informativer in Bezug auf die zukünftige Entwicklung der Zinsstruktur …

Persistent link: https://www.econbiz.de/10009467089

Vergleich statistischer Zinsmodelle

Scheck, Dominik - 2001

In der vorliegenden Arbeit werden im theoretischen Teil die bekannten Verfahren zur Schätzung der deutschen Zinsstrukturkurve vorgestellt.Im praktischen Teil werden drei Modelle an Hand von wöchentlichen Anleihepreisdaten von Januar 1999 bis Dezember 2000 miteinanderverglichen. Außerdem...

Persistent link: https://www.econbiz.de/10009471672