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Assessing banking and currency crisis risk in small states : an application to the Eastern Caribbean Currency Union

Pizzinelli, Carlo; Khan, Tariq; Ishi, Kotaro - 2021

foreign reserve cover-the 'backing ratio' defined as official foreign reserves as a share of central bank demand liabilities …

Persistent link: https://www.econbiz.de/10012795145

Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

remains uncertain no matter what European Central Bank President Mario Draghi may promise. Germany's "safe haven" status may …

Persistent link: https://www.econbiz.de/10009757118

Is the Eurozone on the mend? : Latin American examples to analyze the euro question

Cavallo, Eduardo A.; Fernández Arias, Eduardo; Powell, … - 2014

Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and then the busts including Sudden Stops in capital...

Persistent link: https://www.econbiz.de/10011286667

The Euro's savior? : assessing the ECB's crisis management performance and potential for crisis resolution

Bibow, Jörg - 2015

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … crisis conditions, and how the bank has actually used its leeway since 2007-or might do so in the future. The study finds … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …

Persistent link: https://www.econbiz.de/10011349470

The early warnings of balance-of-payments problems : Kaminsky and Reinhart revisited

Lang, Michael - 2013

This paper builds upon the model of Kaminsky and Reinhart (1999) and extends it to triplecrises. It applies a new visualisation approach combining elements of an event study analysis and a fan chart technique. This approach illustrates the deviation of fundamentals in the runup to...

Persistent link: https://www.econbiz.de/10010196950

Doomsday for the euro area : causes, variants and consequences of breakup

Belke, Ansgar; Verheyen, Florian - 2013

In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on...

Persistent link: https://www.econbiz.de/10010255127

European Banks after the Global Financial Crisis : Peak Accumulated Losses, Twin Crises and Business Models

Kakes, Jan; Haan, Leo de - 2018

This paper takes stock of European banks’ accumulated losses since 2007 and relates these to bank characteristics. In …

Persistent link: https://www.econbiz.de/10014112706

The optimal level of foreign reserves in Macedonia

Jovanovikj, Biljana; Andonova, Danica Unevska - 2017

During the last two decades the emerging countries have experienced an upward trend in reserve accumulation. However, high level of foreign reserve assets implies certain costs. Consequently, given the trade-off between the benefits and the costs of holding reserves, there are issues related to...

Persistent link: https://www.econbiz.de/10011717619

The Twin Crises : The Causes of Banking and Balance-of-Payments Problems

Reinhart, Carmen M. - 2016

In the wake of the Mexican and Asian currency turmoil, the subject of financial crises have come to the forefront of academic and policy discussions. This paper analyzes the links between banking and currency crises. The authors find that problems in the banking sector typically precede a...

Persistent link: https://www.econbiz.de/10012977872

An evaluation of early warning models for systemic banking crises : does machine learning improve predictions?

Beutel, Johannes; List, Sophia; Schweinitz, Gregor von - 2018

This paper compares the out-of-sample predictive performance of different early warning models for systemic banking crises using a sample of advanced economies covering the past 45 years. We compare a benchmark logit approach to several machine learning approaches recently proposed in the...

Persistent link: https://www.econbiz.de/10011948379