Showing 261 - 270 of 263,984
Persistent link: https://www.econbiz.de/10003978802
Persistent link: https://www.econbiz.de/10002586907
indices of financial globalization' and evaluate the repercussions of turmoil in three emerging markets, which experienced … financial crises in the late 1990s: Brazil, Russia, and Thailand. Our findings indicate that financial turbulence in these …
Persistent link: https://www.econbiz.de/10012469224
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization …Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of …, lowered real interest rates, and spurred investment. Instead, Russia suffered a massive public debt-exchange rate …
Persistent link: https://www.econbiz.de/10012551529
In 1998, the Russian Federation experienced one of the most severe emerging market crises of the 1997-2001 periods. It occurred less than six months after the attainment of single-digit inflation, which was supposed to launch the economy onto a sustainable growth path. This note sets out why...
Persistent link: https://www.econbiz.de/10012555252
We study default in a multi-firm equilibrium setting with incomplete information. Defaults are modeled to be consistent with the firm's balance sheet and aggregation over firms. Market prices and quantities of risk are derived in closed form. If the number of firms increases, the market prices...
Persistent link: https://www.econbiz.de/10012853271
Persistent link: https://www.econbiz.de/10012264332
While a number of crises in emerging markets generated widespread contagion in financial markets during the 1990s, more recent crises (notably, in Argentina) have been mostly contained within national borders. This has led some observers to wonder whether contagion might have become a feature of...
Persistent link: https://www.econbiz.de/10012562517
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization …Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of …, lowered real interest rates, and spurred investment. Instead, Russia suffered a massive public debt-exchange rate …
Persistent link: https://www.econbiz.de/10012976533
minister of Russia Grigory Yavlinsky, an internationally respected free-market economist, makes a powerful case that the often … minister of Russia Grigory Yavlinsky, an internationally respected free-market economist, makes a powerful case that the often …
Persistent link: https://www.econbiz.de/10013484490