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Sovereign risk contagion in the Eurozone: a time-varying coefficient approach
Ludwig, Alexander - 2013
This paper analyzes sovereign risk contagion in the Eurozone using an extension to the canonical model for contagion … contagion in typically bounded time intervals. Controlling for changes in the risk pricing by investors, we detect several … channels of pure contagion between 2008 and 2012. Further, we find that the bailout-programs for Greece, Ireland and Portugal …
Persistent link: https://www.econbiz.de/10015240174
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All Things Considered: The Interaction of the Reasons for the Financial Crisis
Abdala Rioja, Yamile E - 2011
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10015228514
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All things considered: the interaction of the reasons for the financial crisis
Abdala Rioja, Yamile E - 2011
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10015228535
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Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers
Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020
Textual analysis of the NBER Working Papers published during 1999–2016 is done to assess the effects of the 2007–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics,...
Persistent link: https://www.econbiz.de/10015266578
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Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers
Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020
Textual analysis of 14,270 NBER Working Papers published during 1999–2016 is done to assess the effects of the 2008 crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing,...
Persistent link: https://www.econbiz.de/10015266597
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The Euro Area sovereign debt crisis: Some implications of its systemic dimension
Pessoa, Argentino - 2011
After the beginning of the euro area, countries in its periphery engaged in weighty borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now, these countries face debt crises reflecting a loss of creditor confidence in the sustainability of their finances from...
Persistent link: https://www.econbiz.de/10015229701
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Deciphering financial contagion in the euro area during the crisis
Tola, Albi; Wälti, Sébastien - 2012
existence of financial contagion during this crisis, defined as the international transmission of country-specific shocks beyond … the normal channels of financial interdependence. Since contagion relates purely to country-specific shocks, we combine … the standard contagion test of Favero and Giavazzi (2002) with an innovative narrative approach to separate out global and …
Persistent link: https://www.econbiz.de/10015238425
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Argentina’s sovereign debt default: a critical view
Georgescu, George - 2015
Following the financial crisis effects, the issue of debt sustainability became of global importance, even for international security reasons. In the EU, despite post-crisis fiscal austerity measures aimed at rebalancing the public finances, the debt-to-GDP ratio continued to deteriorate. At...
Persistent link: https://www.econbiz.de/10015246679
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Banking, Currency, Stock Market and Debt Crises: Revisiting Reinhart & Rogoff Debt Analysis in Spain, 1850-1995
Maixé-Altés, J. Carles; Iglesias, Emma M. - 2015
What type of crisis is generated when debt increases? We study the Spanish debt evolution in the 19th and 20th centuries by introducing currency and stock-market crises in the Reinhart and Rogoff (2011) framework. We find their same results for the determinants of banking and debt crises but...
Persistent link: https://www.econbiz.de/10015249947
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Dynamic Panics: Theory and Application to the Eurozone
Stangebye, Zachary - 2015
Eurozone crisis, and so I explore policy implications in this environment. I find that rate ceilings are an ineffective policy …
Persistent link: https://www.econbiz.de/10015251103