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1.
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Recent reform proposals call for an elimination of the constant net asset value (NAV) or “buck” in money market mutual funds to reduce the occurrence of runs. Outside the[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Do short sales restrictions have an impact on security prices? We address this question in the context of a natural experiment surrounding the short sale ban of 2008 usin[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years. Some recent empirical evidence also suggests that [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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This paper presents a multifactor asset pricing model for currency, bond, and stock returns for ten emerging markets to investigate the effect of the exchange rate regime[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The author presents a model of a twin crisis, in which foreign and domestic residents play a banking game. Both "honest" and run equilibria of the post-deposit subgame ex[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Recent events, such as the East Asian, Mexican, Scandinavian, and Argentinian crises, have sparked considerable interest in exploring how shocks experienced by one countr[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Existing studies using low-frequency data show that macroeconomic shocks contribute little to international stock market covariation. Those studies, however, do not accou[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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The authors model trading by foreign and domestic investors in developed-country equity markets. The key assumptions are that (i) both the foreign and domestic investor p[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The author suggests that commodity-linked bonds could provide a potential means for less-developed countries (LDCs) to raise money on the international capital markets, r[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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The author develops a twin crisis model featuring multiple banks. At each bank, domestic and foreign depositors play a banking game. This game has a run and a no-run equi[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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