Are asset price guarantees useful for preventing sudden stops?
Read Online
Share

Are asset price guarantees useful for preventing sudden stops? a quantitative investigation of the globalization hazard-moral hazard tradeoff by Ceyhun Bora Durdu

  • 96 Want to read
  • ·
  • 9 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Assets (Accounting) -- Prices.,
  • Capital market.,
  • Economic policy.,
  • Globalization -- Moral and ethical aspects.,
  • Globalization -- Economic aspects.

Book details:

Edition Notes

StatementCeyhun Bora Durdu, Enrique G. Mendoza.
SeriesNBER working paper series ;, working paper 11178, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11178.
ContributionsMendoza, Enrique G., 1963-, National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3477292M
LC Control Number2005616962

Download Are asset price guarantees useful for preventing sudden stops?

PDF EPUB FB2 MOBI RTF

Get this from a library! Are asset price guarantees useful for preventing sudden stops?: a quantitative investigation of the globalization hazard-moral hazard tradeoff. [Ceyhun Bora Durdu; Enrique G Mendoza; National Bureau of Economic Research.]. Get this from a library! Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff. [Ceyhun Bora Durdu; Enrique G Mendoza] -- The globalization hazard hypothesis maintains that the current account reversals and asset price collapses observed during 'Sudden Stops' are caused by global capital market frictions. Get this from a library! Are asset price guarantees useful for preventing sudden stops?: a quantitative investigation of the globalization hazard-moral hazard tradeoff. [Ceyhun Bora Durdu; Enrique G Mendoza; National Bureau of Economic Research.] -- "The globalization hazard hypothesis maintains that the current account reversals and asset price collapses observed during 'Sudden Stops' are. Downloadable! The globalization hazard hypothesis maintains that the current account reversals and asset price collapses observed during 'Sudden Stops' are caused by global capital market frictions. A policy implication of this view is that Sudden Stops can be prevented by offering global investors price guarantees on emerging markets assets.

Get this from a library! Are asset price guarantees useful for preventing sudden stops?: a quantitative investigation of the globalization hazard-moral hazard tradeoff. [Ceyhun Bora Durdu; Enrique G Mendoza; International Monetary Fund. Research Department.] -- An implication of the "globalization hazard" hypothesis is that sudden stops could be prevented by offering foreign investors price. Downloadable (with restrictions)! The globalization hazard hypothesis maintains that the current account reversals and asset price collapses observed during 'Sudden Stops' are caused by global capital market frictions. A policy implication of this view is that Sudden Stops can be prevented by offering global investors price guarantees on emerging markets assets. Durdu, Ceyhun Bora, and Enrique G. Mendoza (). "Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," Journal of International Economics, vol. 69, no. 1, pp. Durdu, Ceyhun Bora & Mendoza, Enrique G., "Are asset price guarantees useful for preventing Sudden Stops?:A quantitative investigation of the globalization hazard-moral hazard tradeoff," Journal of International Economics, Elsevier, vol. 69(1), pages , June.

Enrique G. Mendoza. ECONOMICS INTERNATIONAL MACROECONOMICS WITH INCOMPLETE MARKETS & FINANCIAL FRICTIONS. TUESDAYS, PM. This course studies International Macroeconomics from the perspective of a quantitative dynamic stochastic general equilibrium framework that emphasizes financial frictions and incomplete markets of. Enrique G. Mendoza & Ceyhun Bora Durdu, "Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," IMF Working Papers 06/73, International Monetary Fund. Durdu, Ceyhun Bora & Mendoza, Enrique G., "Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff," Journal of International Economics, Elsevier, vol. 69(1), pages , June. Without guarantees, margin calls and trading costs cause Sudden Stops driven by a Fisherian deflation. Price guarantees prevent this deflation by propping up foreign demand for assets.