Showing 531 - 540 of 377,836
Persistent link: https://www.econbiz.de/10010506954
Persistent link: https://www.econbiz.de/10012596136
This working paper was written by Cho-Hoi Hui (Hong Kong Monetary Authority) and Tsz-Kin Chung (Hong Kong Monetary Authority).The economic-political instability of a country, which is tied to its credit risk, often leads to sharp depreciation and heightened volatility in its currency. This paper...
Persistent link: https://www.econbiz.de/10014048612
The sharp rise in public debt-to-GDP ratios in the aftermath of the financial crisis of 2008 posed serious challenges for fiscal policy in the euro area countries and culminated for some member states in a sovereign debt crisis. This note examines the public policy responses to the euro area...
Persistent link: https://www.econbiz.de/10014116245
during the Eurozone crisis. We propose a model to analyze and understand bailouts in a monetary union, and the large observed … bailout was to prevent an exit from the eurozone and possible contagion. Bailouts to avoid sovereign default were …
Persistent link: https://www.econbiz.de/10014077962
I investigate whether bank exposures to sovereign debt during the European debt crisis affected the real economy. I show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010–2011 that had negative real effects on small and young...
Persistent link: https://www.econbiz.de/10012970840
As the Eurozone debt crisis reaches a turning point, this Policy Brief argues for a more organised intervention by the … member states on a more federalist budget for the Eurozone.The paper examines the roots of this crisis and how institutions … dormant during the eurozone crisis, is also highlighted as a pre-condition for a broader political agreement to stabilise …
Persistent link: https://www.econbiz.de/10013037570
The eurozone debt crisis has now reached a turning point. This Policy Brief argues for a more organised intervention by … political agreement among member states for a more federalist budget for the eurozone.The paper examines the roots of this … the ECB, which has lain dormant during the eurozone crisis, is also highlighted as a pre-condition for a broader political …
Persistent link: https://www.econbiz.de/10013037639
This paper documents stress in the unsecured overnight interbank market in the euro area over the course of the financial and sovereign debt crisis in Europe. We find that stress i) leads some banks to borrow in the market at rates that are higher than the rate of the marginal lending facility...
Persistent link: https://www.econbiz.de/10012987868
We use a unique security-level data set to analyze correlations in bond trading of banks, their respective retail customers and their affiliated mutual funds. Matching banks' proprietary holdings with the holdings of their funds and their retail customers for the period 2009-2016 at the security...
Persistent link: https://www.econbiz.de/10012915433