Showing 1 - 10 of 23,068
Persistent link: https://www.econbiz.de/10001167598
Persistent link: https://www.econbiz.de/10009682964
Persistent link: https://www.econbiz.de/10013277629
). Overshooting leads to a temporary disconnect between the performance of financial markets and the real economy, but it accelerates … the recovery. When there is a lower-bound constraint on the discount rate, overshooting becomes a concave and non …-19 recovery, the policy-induced overshooting was large−sufficient to explain the high levels of stock and house prices in …
Persistent link: https://www.econbiz.de/10013093040
Over the past two decades, before the global financial crisis, there was a rapid rise in the size of gross external portfolio positions as well as a decrease in the net negative foreign currency exposure in external balance sheets. In this paper, we present a theoretical model in which these...
Persistent link: https://www.econbiz.de/10014131136
Persistent link: https://www.econbiz.de/10000615296
Persistent link: https://www.econbiz.de/10001880657
An approach for minimizing risk through diversification of foreign exchange reserves and sovereign borrowings is proposed for central banks of small open economies. This approach--developed in a simple 2-period, 3-country framework--differs from past work in that the elements of exchange and...
Persistent link: https://www.econbiz.de/10014395848
Persistent link: https://www.econbiz.de/10001554410
the source of debt which is most sensitive to shocks is foreign funding. In fact, any shock creates a wedge between the …
Persistent link: https://www.econbiz.de/10009490166