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Hale, Galina; Spiegel, Mark M; Jones, Peter - Federal Reserve Bank of San Francisco - 2014

issuers’ home currencies. These secular trends appear to have accelerated notably after the global financial crisis. Observed … financial crisis could have a persistent impact on home currency bond issuance. Firms that issue for the first time in their … home currencies during disruptive episodes, such as the crisis, find their relative costs of issuance in home currencies …

Persistent link: https://www.econbiz.de/10010887124

Capital as Power. A Study of Order and Creorder

Nitzan, Jonathan; Bichler, Shimshon - 2009

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to …

Persistent link: https://www.econbiz.de/10011646688

The rise in home currency issuance

Hale, Galina; Jones, Peter; Spiegel, Mark - 2014

Persistent link: https://www.econbiz.de/10010400176

Corporate yields and sovereign yields

Hale, Galina; Bevilaqua, Julia; Tallman, Eric - 2020

Persistent link: https://www.econbiz.de/10012202064

Corporate yields and sovereign yields

Bevilaqua, Julia; Hale, Galina; Tallman, Eric - 2019

Persistent link: https://www.econbiz.de/10012123481

Systemic Risk and Asymmetric Responses in the Financial Industry

López-Espinosa, Germán; Rubia, Antonio; Valderrama, Laura - International Monetary Fund (IMF) - 2012

To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called CoVaR measure that captures the asymmetric response of the banking system to...

Persistent link: https://www.econbiz.de/10011142002

Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?

Heath, Robert M. - International Monetary Fund (IMF) - 2013

In the wake of the recent global crisis the international community is giving an increased focus on stability of the …

Persistent link: https://www.econbiz.de/10011142045

Capital Regulation, Liquidity Requirements and Taxation in a Dynamic Model of Banking

Nicoló, Gianni De; Gamba, Andrea; Lucchetta, Marcella - International Monetary Fund (IMF) - 2012

This paper studies the impact of bank regulation and taxation in a dynamic model with banks exposed to credit and liquidity risk. We find an inverted U-shaped relationship between capital requirements and bank lending, efficiency, and welfare, with their benefits turning into costs beyond a...

Persistent link: https://www.econbiz.de/10011142059

Private Information, Capital Flows, and Exchange Rates

Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012

We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investorsâ€™ stock market transactions have both an economically significant and a permanent impact on exchange rates, whereas capital flows induced by foreign...

Persistent link: https://www.econbiz.de/10011142101

Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand

Gyntelberg, Jacob; Tientip, Subhanij; Loretan, Mico - International Monetary Fund (IMF) - 2012

We present empirical evidence that the Thai bahtâ€™s value is driven in part by investorsâ€™ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005...

Persistent link: https://www.econbiz.de/10011142113