Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Fernando Eguren Martin"'
Publikováno v:
Journal of Money, Credit and Banking.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b64445e5b0ee02c62c877bf32a250dba
https://doi.org/10.1111/jmcb.13037
https://doi.org/10.1111/jmcb.13037
Publikováno v:
SSRN Electronic Journal.
We characterise the probability distributions of various categories of gross capital flows conditional on information contained in financial asset prices in a panel of emerging market economies, with a focus on ‘tail’ events. Our framework, based
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::42f7d448ccb577fa333a2110ee0740e6
https://doi.org/10.2139/ssrn.3638328
https://doi.org/10.2139/ssrn.3638328
Capital flows during the pandemic: lessons for a more resilient international financial architecture
Autor:
Mark Joy, Claudia Maurini, Valerio Nispi Landi, Alessandro Moro, Carlos van Hombeeck, Alessandro Schiavone, Fernando Eguren Martin
Publikováno v:
SSRN Electronic Journal.
This paper studies the sudden stop in capital flows that emerging markets experienced throughout the first months of the pandemic. First, we find that the sudden stop in capital flows was strongly affected by lower portfolio investments by non-bank f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d71ac37c8fd742056e3281c2b2e4f455
https://doi.org/10.2139/ssrn.3753422
https://doi.org/10.2139/ssrn.3753422
Autor:
Fernando Eguren Martin
Publikováno v:
SSRN Electronic Journal.
We explore the role of ‘dollar shortage’ shocks and central bank swap lines in a two-country New Keynesian model with financial frictions. Domestic banks issue both domestic and foreign currency debt and lend in domestic currency. Foreign currenc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::860059f676690d6c0b2afe3c6bd78a70
https://doi.org/10.2139/ssrn.3654322
https://doi.org/10.2139/ssrn.3654322
Publikováno v:
Journal of Banking & Finance. 126:106075
We use a no-arbitrage term structure model of equity yields computed from the prices of dividend swaps to estimate the yields on hypothetical bonds with cash-flows indexed to the level of US GDP. This provides a novel approach for estimating the poss
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4e0bdd4ae148df3552483b6ac4ff664a
https://doi.org/10.1016/j.jbankfin.2021.106075
https://doi.org/10.1016/j.jbankfin.2021.106075
Autor:
Fernando Eguren Martin, Andrej Sokol
Publikováno v:
SSRN Electronic Journal.
We document how the distribution of exchange rate returns responds to changes in global financial conditions. We measure global financial conditions as the common component of country-specific financial condition indices, computed consistently across
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b1526c1e5f80eeb0d469b0a92ec7d19b
https://doi.org/10.2139/ssrn.3454782
https://doi.org/10.2139/ssrn.3454782
Publikováno v:
SSRN Electronic Journal.
This paper provides novel empirical evidence on the effect of dislocations in FX swap markets (‘CIP deviations’) on bank lending. Using balance sheet data from UK banks we show that when the cost of obtaining swap-based funds in a particular fore
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bef8ffaa824c129e11fbefc552ccf34e
https://doi.org/10.2139/ssrn.3274731
https://doi.org/10.2139/ssrn.3274731
Publikováno v:
SSRN Electronic Journal.
This paper provides novel empirical evidence showing that foreign financial developments are a powerful predictor of domestic banking crises. Using a new data set for 38 advanced and emerging economies over 1970–2011, we show that credit growth in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3e8c6a43cdad67f1cc04a8baf848fbfa
https://doi.org/10.2139/ssrn.2912259
https://doi.org/10.2139/ssrn.2912259
Autor:
Fernando Eguren Martin
Publikováno v:
SSRN Electronic Journal.
The acceleration in the formation of global imbalances in the period preceding the last financial crisis prompted a revival of the debate on whether exchange rate regimes affect the flexibility of the current account (ie its degree of mean reversion)
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7a8dcc125ce1536ae1069ded367eb30b
https://doi.org/10.2139/ssrn.2649851
https://doi.org/10.2139/ssrn.2649851
Publikováno v:
SSRN Electronic Journal.
We revisit the role of limited commitment in a dynamic risk-sharing setting with private information. We show that a Markov-perfect equilibrium, in which agent and insurer cannot commit beyond the current period, and an infinitely-long contract to wh
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8c5f9a2e4d19301d83bd44099b5603ff
https://doi.org/10.2139/ssrn.2038950
https://doi.org/10.2139/ssrn.2038950