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The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339

An Historical Walk Through Recent Financial Crises

Kowalski, Tad; Shachmurove, Yochanan - 2011

This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...

Persistent link: https://www.econbiz.de/10014180395

Sudden Stops, Banking Crises and Investment Collapses

Joyce, Joseph P.; Nabar, Malhar - 2018

We evaluate whether financial openness leaves emerging market economies vulnerable to the adverse effects of capital reversals (sudden stops) on domestic investment. We investigate this claim in a broad sample of emerging markets during the period 1976-2002. If the banking sector does not...

Persistent link: https://www.econbiz.de/10014052268

Currency Crisis Transmission through International Trade

Haidar, Jamal Ibrahim - 2012

The Eurozone recent crisis has shown how balance of payments problems in less developed European Monetary Union (EMU) member countries can affect EMU trading partners, spreading the crisis to a larger group of countries. This paper introduces a three-country dynamic general equilibrium model to...

Persistent link: https://www.econbiz.de/10013113935

Conventional and Insidious Macroeconomic Balance-Sheet Crises

Bakker, Bas B. - 2014

This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur after capital inflows have led to a substantial build up of foreign currency...

Persistent link: https://www.econbiz.de/10013047609

Leading Indicators of Currency Crises

Reinhart, Carmen M. - 2016

This paper examines the empirical evidence on currency crises and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain...

Persistent link: https://www.econbiz.de/10012977832

Asymmetric Demographic Pressure in South-Mediterranean versus North-Mediterranean Economies and Its Impact on International Gross Capital Flows

Peeters, Marga - 2012

According to the life-cycle theory, countries with high and rising youth ratios or high and rising old-age ratios tend to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to the test and studies the impact of demographic change on...

Persistent link: https://www.econbiz.de/10013104636

International Financial Integration : Stock Return Linkage and Volatility Transmission between Vietnam and Other Advanced Countries

Vo, Xuan Vinh - 2017

terms of return linkage and volatility transmission covering the period including pre, during and post the 2008 Global … employed to investigate the volatility transmission. We find evidence of statistically significant correlation, return … spillover and volatility linkage between Vietnamese stock market with other leading stock markets of the US, Hong Kong and Japan …

Persistent link: https://www.econbiz.de/10012968438

Microstructure of Foreign Exchange Markets

Evans, Martin D. D. - 2019

This article presents an overview of research on the Microstructure of Foreign Exchange Markets. We begin by summarizing the institutional features of FX trading and describe how they have evolved since the 1980s. We then explain how these features are represented in microstructure models of FX...

Persistent link: https://www.econbiz.de/10012891430

Capital flow waves : surges, stops, flight, and retrenchment

Forbes, Kristin; Warnock, Francis E. - 2011

determinants of these episodes. Contagion, especially through trade and the bilateral exposure of banking systems, is important in … volatility …

Persistent link: https://www.econbiz.de/10009579602

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