Showing 1 - 10 of 85
The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...
Persistent link: https://www.econbiz.de/10011548057
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10010128764
Persistent link: https://www.econbiz.de/10003924436
The public CbCR requirement for EU financial institutions leaves leeway to the reporting firms as regards the calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we analyze the reporting behavior and the degree of...
Persistent link: https://www.econbiz.de/10012434484
Persistent link: https://www.econbiz.de/10013428537
This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
Persistent link: https://www.econbiz.de/10011419613
Persistent link: https://www.econbiz.de/10003468948
given by different sponsors (the federal government, the Länder and the European Union). Recent theory stresses the … importance of the interactions and linkages among acteurs and institutions involved in innovation and technology development of a … country and calls such a web of interaction a national innovation system. The theoretical and empirical analyses on national …
Persistent link: https://www.econbiz.de/10013428097
Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...
Persistent link: https://www.econbiz.de/10011483061
After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks’ assets with a focus on foreign claims took place. For the largest 67 German banking groups, we find that both their characteristics and behavior in the pre-crisis episode had repercussions for the...
Persistent link: https://www.econbiz.de/10011299079