Financial crises
Financial crises
... Financial crises Allan M Malz allan malz@riskmetrics com RiskMetrics Group Risk 2001 Europe April 11, 2001 Overview ? What are market crises? ? Market crises and risk models ? Expectations and market[.] ...
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Identifying the symptoms of financial crises
... This article provides a brief personal overview of what research theoretical on international financial crises has taught us, and directions it might follow in the future. This is not an exhaustive review ...
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Essays on financial contagion and financial crises
... global financial markets resulting in a sharp decrease in stock market indices, and a widespread failure of financial ...more financial institutions leads to insta- bility of the overall ...
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Financial Institutions, Contagious Risks, and Financial Crises
... and financial crises are endogenized through the interactions among corporations, banks, and the interbank ...of financial discipline in a single-bank-financing economy generates informational ...
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Financial Crises and Reform of the International Financial System
... during crises to the behavior of short-term flows, intermediated in some way by banks (including, for instance, providing credit to hedge funds), subject to moral hazard caused by explicit and implicit insurance ...
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Financial crises: A culture of complacency
... financial crises. Why does information asymmetry exist in the market for financial assets? The answer lies in both human nature and in ...country financial markets is costly, investors tend to ...
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Monitoring, Liquidity and Financial Crises
... of financial crises is now at the top of the agenda for economists and policymakers ...to financial institutions in ...achieve financial stability over time? Or should instead the central bank ...
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Understanding International Financial Crises
... international financial crises, it is natural to put their hopes on the adoption of more flexible by emerging ...International Financial Institutions ...of crises is attributed to imbalances ...
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International Financial Crises
... a financial crisis is substantially less likely, and the second one, if even so something has happened, what is the right response? The question of how to have fewer financial crises or a smaller ...
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Financial Crises and Climate Change
... We performed several sensitivity exercises. First, as shown by Tuelings and Zubanov (2010), a possible bias from estimating equation (1) using country-fixed effects is that the error term may have a non-zero expected ...
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Transparency, Liberalization and Financial Crises
... The first column in table 3 presents results of a probit model where the dependent variable takes the value of 1 during years with a financial crises and 0 otherwise (excluding 5 years after the ...
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Financial Crises and Interest Rates
... The paper most closely related to ours is Angeletos and Werning (2004). Angeletos and Werning study the effects of information aggregation through noisy public signals of aggregate activity and prices in global ...
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The internationalisation of financial crises: Banking and currency crises 1883-2008
... 2007-2008, financial crises can have a huge impact on ...whether crises are becoming more linked across geographic ...of crises, particularly through various agenda on reforming global ...
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Financial Institutions, Financial Contagion, and Financial Crises
... endogenizes financial contagion and financial crises from financial ...that financial crises can emanate from financial institutions which generate soft-budget constraints ...
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Three essays on financial crises
... many financial crises, including the global financial crisis of 2009: optimism, leverage, and ...ensuing financial crisis turns out to be more ...
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The Aftermath of Financial Crises
... banking crises in the developed world ( a total of 18 ) and put particular emphasis on the ones dubbed “the big five” ( Spain 1977, Norway 1987, Finland 1991, Sweden 1991, and Japan 1992 ) ...US financial ...
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On the epidemic of financial crises
... 1999), financial links and the common creditor (Caramazza et ...capturing financial market linkages during crises through the use of common factors, while Aït-Sahalia et ...modelling financial ...
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Financial Crises and Economic Activity
... For this prediction exercise, we have chosen the start of the crisis in each economy according to the criteria employed by Leuven and Valencia for the past crises in our dataset. However, our estimates of the ...
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On the epidemic of financial crises
... This paper proposes a framework for modelling …nancial contagion that is based on SIR (Susceptible-Infected-Recovered) transmission models from epidemic theory. This class of models addresses two important features of ...
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Economic effects of financial crises
... exchange valuation losses, the monetary contraction that should take place when debtors purchase foreign currency to service their debts does not happen in full because d[r] ...
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