Financial crises explanations, types, and implications
MS Claessens, MA Kose - 2013 - books.google.com
This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …
what are the main factors explaining financial crises? Since many theories on the sources of …
Credit frictions and'sudden stops' in small open economies: an equilibrium business cycle framework for emerging markets crises
C Arellano, EG Mendoza - 2002 - nber.org
Financial frictions are a central element of most of the models that the literature on emerging
markets crises has proposed for explaining the Sudden Stop'phenomenon. To date, few …
markets crises has proposed for explaining the Sudden Stop'phenomenon. To date, few …
Stories of the twentieth century for the twenty-first
A key precursor of twentieth-century financial crises in emerging and advanced economies
alike was the rapid buildup of leverage. Those emerging economies that avoided leverage …
alike was the rapid buildup of leverage. Those emerging economies that avoided leverage …
Fear of floating
Many emerging market countries have suffered financial crises. One view blames soft pegs
for these crises. Adherents of this view suggest that countries move to corner solutions …
for these crises. Adherents of this view suggest that countries move to corner solutions …
How do business and financial cycles interact?
This paper analyzes the interactions between business and financial cycles using an
extensive database covering 44 countries for the period 1960: 1–2010: 4. Our analysis …
extensive database covering 44 countries for the period 1960: 1–2010: 4. Our analysis …
Emerging market business cycles: The cycle is the trend
Emerging market business cycles exhibit strongly countercyclical current accounts,
consumption volatility that exceeds income volatility, and “sudden stops” in capital inflows …
consumption volatility that exceeds income volatility, and “sudden stops” in capital inflows …
The international bank lending channel of monetary policy rates and QE: Credit supply, reach‐for‐yield, and real effects
B Morais, JL Peydró, J Roldán‐Peña… - The Journal of …, 2019 - Wiley Online Library
We identify the international credit channel by exploiting Mexican supervisory data sets and
foreign monetary policy shocks in a country with a large presence of European and US …
foreign monetary policy shocks in a country with a large presence of European and US …
Sudden stops, financial crises, and leverage
EG Mendoza - American Economic Review, 2010 - aeaweb.org
Financial crashes were followed by deep recessions in the Sudden Stops of emerging
economies. An equilibrium business cycle model with a collateral constraint explains this …
economies. An equilibrium business cycle model with a collateral constraint explains this …
Effects of financial globalization on develo** countries: some empirical evidence
The recent wave of financial globalization since the mid-1980s has been marked by a surge
in capital flows among industrial countries and, more notably, between industrial and …
in capital flows among industrial countries and, more notably, between industrial and …
Exchange rates and financial fragility
B Eichengreen, R Hausmann - 1999 - nber.org
In this paper we analyze three views of the relationship between the exchange rate and
financial fragility:(1) the moral hazard hypothesis, according to which pegged exchange …
financial fragility:(1) the moral hazard hypothesis, according to which pegged exchange …