Showing 1 - 10 of 1,047,927
Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing “sudden stops” in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
Persistent link: https://www.econbiz.de/10003258546
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. Promoting stability requires preventing "sudden stops" in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
Persistent link: https://www.econbiz.de/10003775779
Many economists believe that, while openness to trade increases average GDP growth rates, it also raises output volatility by exposing countries to terms-oftrade shocks. This view does not take into account that, as suggested by a recent strand of the financial fragility literature, commercial...
Persistent link: https://www.econbiz.de/10003775830
Persistent link: https://www.econbiz.de/10003823018
Persistent link: https://www.econbiz.de/10014545294
macroeconomic variables to the identified shock based on sign restrictions is regime dependent. …
Persistent link: https://www.econbiz.de/10010199563
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. This paper contributes to the discussion by providing new theoretical and empirical evidence on the causal connection between lack of exposure to commercial trade...
Persistent link: https://www.econbiz.de/10013126229
Persistent link: https://www.econbiz.de/10001202975
Persistent link: https://www.econbiz.de/10000916072
secure property rights in a world where sovereign defaults are possible equilibrium outcomes. This paper builds upon the …
Persistent link: https://www.econbiz.de/10003775744