Zobrazeno 1 - 10
of 42
pro vyhledávání: '"Marco A. Espinosa-Vega"'
Autor:
Marco A. Espinosa-Vega, Steven Russell
Publikováno v:
Latin American Journal of Central Banking, Vol 1, Iss 1, Pp 100008- (2020)
In this paper, we construct a simple model designed to capture four widely held views about financial crises: [1] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] It does so
Externí odkaz:
https://doaj.org/article/d9819085e9744428b8f765e9de0ed66a
Publikováno v:
SSRN Electronic Journal.
Presentation with emphasis on the potential role of mutual funds in international contagion through financial markets.
Autor:
Juan Sole, Marco A. Espinosa-Vega
Publikováno v:
Journal of Financial Economic Policy. 3:182-205
PurposeThe purpose of this paper is to show how network analysis can be used for effective cross‐border financial surveillance, which requires the monitoring of direct and indirect systemic linkages.Design/methodology/approachThis paper illustrates
Publikováno v:
Journal of Financial Intermediation. 20:55-70
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers have ex ante private information. There is no clear empirical evidence rega
Publikováno v:
The Journal of Finance. 60:2895-2923
Working Paper 2004-32 December 2004 Abstract: We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance of i
Publikováno v:
Journal of Financial Intermediation. 11:232-268
Credit rationing is a common feature of most developing economies. In response to it, the governments of these countries often operate a number of programs intended to expand the supply of credit to the private sector. Expansionary monetary policy is
Publikováno v:
IMF Working Papers. 17:1
The paper develops a simple, integrated methodology to project public pension cash flows and healthcare spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico), where public s
Autor:
Steven Russell, Marco A. Espinosa-Vega
Publikováno v:
Journal of Financial Intermediation. 10:85-104
A number of developing countries have adopted deficit finance regimes involving multiple- (currency and bond) reserve requirements. A key characteristic of these regimes is that the real interest rates on reservable bonds are higher than the real ret
Autor:
Marco A. Espinosa-Vega, Juan Sole
Generalized calls for more and higher quality capital for systemic institutions were the first natural reaction to the recent global financial crisis. Although the introduction of systemic risk-based capital surcharges is a proposal that has gained a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f423d648b89c8a702c3beb185a9009a4
https://doi.org/10.4018/978-1-4666-2011-7.ch009
https://doi.org/10.4018/978-1-4666-2011-7.ch009