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How effective are macroprudential policies? : an empirical investigation

Akinci, Ozge; Olmstead-Rumsey, Jane - In: Journal of financial intermediation 33 (2018), pp. 33-57

Persistent link: https://www.econbiz.de/10012111942

How effective are macroprudential policies? : an empirical investigation

Ozge, Akinci; Olmstead-Rumsey, Jane - 2015

Persistent link: https://www.econbiz.de/10011326769

Good news is bad news : leverage cycles and sudden stops

Akinci, Ozge; Chahrour, Ryan - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about "sudden stop" events. "Good" news about future productivity raises leverage during times of expansion, increasing the...

Persistent link: https://www.econbiz.de/10011338832

Mortgage Spreads, House Prices, and Business Cycles in Emerging Countries

Horvath, Jaroslav - 2019

We investigate an unexplored link between the US mortgage spread and business cycle and house price fluctuations in … emerging market economies (EMEs). An increase in the US mortgage spread leads to substantially lower output, investment … financial channel is the main transmission mechanism through which US mortgage spread shocks affect business and house price …

Persistent link: https://www.econbiz.de/10012900006

Banks, Capital Flows and Financial Crises

Akinci, Ozge - 2015

This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result...

Persistent link: https://www.econbiz.de/10013031687

Banks, Capital Flows and Financial Crises

Akinci, Ozge; Queraltó, Albert - 2021

Persistent link: https://www.econbiz.de/10014351823

Different no more: country spreads in advanced and emerging economies

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2020

Interest-rate spreads fluctuate widely across time and countries. We illustrate this on the basis of about 3,100 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Prior to the financial crisis, spread fluctuations in advanced economies are an order of...

Persistent link: https://www.econbiz.de/10012160079

Different no more : country spreads in advanced and emerging economies

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2020

Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...

Persistent link: https://www.econbiz.de/10012162762

Good News Is Bad News : Leverage Cycles and Sudden Stops

Akinci, Ozge - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about “sudden stop” events. “Good” news about future productivity raises leverage during times of expansion, increasing...

Persistent link: https://www.econbiz.de/10013014942

A Survey on the Determination of Nominal Exchange Rate for USD vis-à-vis INR

Pillin, Punit - 2018

In this paper, I have investigated the out of sample forecast performance for a case study on the determination of the nominal exchange rate for USD vis-à-vis IN¬R under VEC, VAR (in first difference) and Bayesian VAR specification with the help of set of economic theories. The forecast...

Persistent link: https://www.econbiz.de/10012910274