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Liquidity in the Foreign Exchange Market: Measurement, Commonality, and Risk Premiums

Ranaldo, Angelo; Mancini, Loriano; Wrampelmeyer, Jan - Schweizerische Nationalbank (SNB) - 2010

This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quantifies the amount of commonality in liquidity across exchange rates, and determines the extent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizes ultra high frequency data...

Persistent link: https://www.econbiz.de/10008925053

Echilibrul financiar global şi riscul suveran în perioada post-criză

Georgescu, George - Volkswirtschaftliche Fakultät, … - 2013

Caused by the lack of an international financial regulations framework and under the circumstances of markets volatility persistence, the global financial balances deteriorated during the postcrisis period. The bail-out of the banking system by public or multilateral intervention instead of...

Persistent link: https://www.econbiz.de/10011258294

VOLATILITY OF INTERNATIONAL FINANCIAL MARKETS AND PUBLIC DEBT SUSTAINABILITY

GEORGESCU, George - In: Romanian Journal of Economics 37 (2013) 2(46), pp. 135-152

Under the circumstances of markets volatility persistence, the global financial balances deteriorated during the post-crisis period. In the case of advanced countries, the bailout of the private banking system by public or multilateral financial intervention, instead of leading to financial...

Persistent link: https://www.econbiz.de/10010901890

Resetting the Growth Engines of the BRICS Countries as a Reaction to the Global Crisis

Oehler-Sincai, Iulia Monica - In: Revista de Economie Mondiala / The Journal of Global … 5 (2013) 1

In the present paper, our main objective is to bring to the forefront two notable processes, as a result of the world … China, Brazil, Russia and India) in the world economy and, on the other side, we underscore the remodelling of the patterns … the emerging economies were not able to â€œdecoupleâ€ from the world economy and, on the contrary, they were deeply …

Persistent link: https://www.econbiz.de/10011145129

GLOBAL ECONOMIC AND FINANCIAL CRISIS AND THE FAILURE OF THE COMMUNITY GOVERNANCE, THROUGH SPANISH EXPERIENCE

Oehler-Sincai, Iulia Monica - In: Revista de Economie Mondiala / The Journal of Global … 4 (2012) 4

The process of public sector restructuring, known in the economic literature as the New Public Management (NPM), came to a deadlock as the global financial and economic crisis broke out in 2008. The expansion of cheap credit, market dereglementation and asset securitization, speculative bubbles,...

Persistent link: https://www.econbiz.de/10011145136

Global Financial and Economic Crisis and the EU Economic Governance Failure â€“ Evidence From Spain

Oehler-Sincai, Iulia Monica - In: Revista de Economie Mondiala / The Journal of Global … 4 (2012) 4

Persistent link: https://www.econbiz.de/10011145149

Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area

Belke, Ansgar; Gros, Daniel; Cinzia, Alcidi; Coutinho, … - ROME Network - 2014

Two of the four macroeconomic adjustment programmes, Portugal and Ireland’s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...

Persistent link: https://www.econbiz.de/10010826287

Exit Strategies and Their Impact on the Euro Area – A Model Based View

Belke, Ansgar - ROME Network - 2014

This paper comments on the pros and cons of exit strategies. The focus is on the impact on the Euro area economy of the exit from unconventional monetary policies (UMP) by the Fed, which, appears to be the first central bank to lay out an exiting path. In this context, it discusses the issue of...

Persistent link: https://www.econbiz.de/10010939007

Exit Strategies and Their Impact on the Euro Area - A Model Based View

Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2014

This paper comments on the pros and cons of exit strategies. The focus is on the impact on the Euro area economy of the exit from unconventional monetary policies (UMP) by the Fed, which appears to be the first central bank to lay out an exiting path. In this context, it discusses the issue of...

Persistent link: https://www.econbiz.de/10010752608

The Liquidity of the Financial System and the Sovereign Debt Crisis in Europe – Is There a Solution?

Letitia, Nedelcu Monica - In: Ovidius University Annals, Economic Sciences Series XIII (2013) 1, pp. 238-243

The financial crisis of 2007-2008 has brought to light the liquidity problem of the financial system. Trying to solve this challenge, the members of the European Monetary Union were confronted with the sovereign debt crisis, which exacerbated the gravity of the initial situation. This paper...

Persistent link: https://www.econbiz.de/10010675685