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, the three international credit rating agencies. This premise presents an exercise to predict shadow sovereign ratings to … estimate where unrated countries would lie on the credit spectrum if they were rated. Contrary to popular perception, unrated …
Persistent link: https://www.econbiz.de/10009291944
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012233649
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012261746
Foreign Direct Investment (FDI) stimulates financial sector growth through the presence of foreign participation in investment in the nation. This paper explores the relationship between foreign direct investment and financial sector growth, providing empirical evidence from Nigeria. Annual...
Persistent link: https://www.econbiz.de/10009693489
The authors of this article, Nicolas Firzli, WPC, David Weeks, AMNT, and the Hon. Nick Sherry, SEF, co-chaired the main financial roundtable during the COP21/Paris Agreement conference: the Paris Climate Finance Roundtable (CFR) , alongside Dr. Jeffrey Sachs, Director, Center for Sustainable...
Persistent link: https://www.econbiz.de/10014349022
We study the synchronization of credit booms and busts among 12 major European economies and the United States between … 1972-2011. We propose a regression-based procedure to test whether boom-bust phases of credit cycles coincide across … countries and to cluster countries with positively synchronized credit cycles. We find strong evidence against the existence of …
Persistent link: https://www.econbiz.de/10011299045
On etudie l'interdependance des economies dans un modele a horizon infini et compose de deux pays. Trois elements distinguent les pays : la productivite globale des facteurs, les dotations initiales et l'elasticite de substitution intertemporelle des consommateurs sont differents dans les deux...
Persistent link: https://www.econbiz.de/10005475321
Cet article examine le point de vue selon lequel les deficits ou l'endettement public ont une forte influence sur la formation des taux d'interet. Inspire des representations en terme d'equilibre du marche des capitaux, lieu theorique ou s'arbitreraient epargne et investissement, son emprise sur...
Persistent link: https://www.econbiz.de/10005440470
This paper quanti.es the future implications of repayment of bailout loans received by Greece from the EU in the previous decade. These debt obligations amount today to 240 billion euros or 70% of the country's total public debt and have to be repaid by 2070. This is investigated in a dynamic...
Persistent link: https://www.econbiz.de/10015175207
We offer a model inwhich lenders differ in wealth endowments and choose the quality of information which they use in the process of foreign lending. We trace the effects of foreign and domestic interest rates, quality of information, quality of the pool of lending opportunities, etc. on the...
Persistent link: https://www.econbiz.de/10005664271