Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Cesar Sosa Padilla"'
Autor:
Javier Bianchi, Cesar Sosa-Padilla
Publikováno v:
AEA Papers and Proceedings. 113:29-32
Financial sanctions have emerged as powerful weapons in the current geopolitical landscape. In this paper, we use a graphical framework to trace their macroeconomic implications, highlighting lessons for the status of the US dollar as a reserve curre
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::15892c0ecd8a54f55ac813db215d0923
https://doi.org/10.1257/pandp.20231042
https://doi.org/10.1257/pandp.20231042
Using data from 56 nations over 45 years, we find that nations that are more likely to elect left wing governments face higher (and more volatile) sovereign spreads. To explain these facts, we build a sovereign default model in which two policymakers
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bf90db24efc1455d6dce1be10cce41de
https://doi.org/10.3386/w29197
https://doi.org/10.3386/w29197
Publikováno v:
Economic Inquiry. 57:1272-1283
This paper considers whether a fairly well-established empirical relationship between liberalized trade and firm productivity growth is sensitive to the choice of an identification strategy for production function estimation. We estimate the producti
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b7272dc34fcecb9b2e6ce3b2eb7e318e
https://doi.org/10.1111/ecin.12767
https://doi.org/10.1111/ecin.12767
There has been substantial research on the benefits of accumulating foreign reserves, but less on the relative merits of how these reserves are accumulated. In this paper we explore whether the form of accumulation affects country risk. We first pres
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::43af97a8ffd91a9b48869bec07e3fcfd
https://doi.org/10.3386/w28973
https://doi.org/10.3386/w28973
Publikováno v:
Federal Reserve Bank of Dallas, Globalization Institute Working Papers. 2021
We study optimal bailout policies in the presence of banking and sovereign crises. First, we use European data to document that asset guarantees are the most prevalent way in which sovereigns intervene during banking crises. Then, we build a model of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a5c4c361fcad6831316b6742e40514f9
https://doi.org/10.24149/gwp406
https://doi.org/10.24149/gwp406
As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default mod
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5ec6f4ad244afae847b2d908be821a76
https://doi.org/10.3386/w28292
https://doi.org/10.3386/w28292
International data suggests that fluctuations in the level and volatility of the world interest rate (as measured by the US treasury bill rate) are positively correlated with both the level and volatility of sovereign spreads in emerging economies. W
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e76e983bc91c29136b4dd9449dfddf39
https://doi.org/10.3386/w27639
https://doi.org/10.3386/w27639
Autor:
Cesar Sosa-Padilla, Javier Bianchi
In the past three decades, governments in emerging markets have accumulated large amounts of international reserves, especially those with fixed exchange rates. We propose a theory of reserve accumulation that can account for these facts. Using a mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::89219e1414804f398c1cd8fa713bbf86
https://doi.org/10.3386/w27323
https://doi.org/10.3386/w27323
Publikováno v:
SSRN Electronic Journal.
As a response to economic crises triggered by COVID-19, sovereign debt standstill proposals emphasize debt payment suspensions without haircuts on the face value of debt obligations. We quantify the effects of standstills using a standard default mod
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::116b9449131c77a4f303ddf42e36e9ba
https://doi.org/10.2139/ssrn.3772496
https://doi.org/10.2139/ssrn.3772496
Publikováno v:
SSRN Electronic Journal.
International data suggests that fluctuations in the level and volatility of the world interest rate (as measured by the US treasury bill rate) are positively correlated with both the level and volatility of sovereign spreads in emerging economies. W
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5b309dade2691e4ae335a0f1b6ecafb6
https://doi.org/10.2139/ssrn.3670474
https://doi.org/10.2139/ssrn.3670474