금융 | Carry Trade, Reserve Accumulation, and Exchange-Rate Regimes | 한국금융연구원

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	2013-06-14 일자  [제 13-48 호]

Carry Trade, Reserve Accumulation, and Exchange-Rate Regimes
NBER (2013-06-14)

Carry-trade activity and foreign participation in local-currency-bond markets in emerging countries have increased dramatically over the past decade. In light of these trends, we revisit the question of the optimal exchange-rate r ..  more

Foreign exchange intervention and expectation in emerging economies
BIS (2013-06-13)

Using monthly data for four selected emerging economies, sterilised central bank foreign exchange intervention is found to have little systematic influence on the near-term nominal exchange rate expectations in the direction inten ..  more

Eval‎uation of minimum capital requirements for bank loans to SMEs
Deutsche Bundesbank (2013-06-13)

Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systemati ..  more

발행기관	제 목	발행일자	내용보기
FRB	Antidumping Duties and Plant-Level Restructuring	13-06-13
FRB	Assessing and Combining Financial Conditions Indexes	13-06-13
FRB	Capital Flows to Emerging Market Economies: A Brave New World?	13-06-13
FRB	Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints	13-06-13
FRB	The Effects of the Federal Reserve's Date-Based Forward Guidance	13-06-13
FRB of Chicago	Fiscal Consequences of Paying Interest on Reserves	13-06-13
FRB of San Francisco	China's Financial Linkages with Asia and the Global Financial Crisis	13-06-13
Bank of Canada	Booms and Busts in House Prices Explained by Constraints in Housing Supply	13-06-13
Bank of Canada	Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults	13-06-13
Bank of Canada	Fire-Sale FDI or Business as Usual?	13-06-13
NBER	Capital-Labor-Energy Substitution in Nested CES Production Functions for China	13-06-14
NBER	Carry Trade, Reserve Accumulation, and Exchange-Rate Regimes	13-06-14
NBER	Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme	13-06-14
NBER	Levels and Trends in United States Income and Its Distribution: A Crosswalk from Market Income Towards a Comprehensive Haig-Simons Income Approach	13-06-14
NBER	The Cyclical Behavior of the Price-Cost Markup	13-06-14
NBER	The European Crisis in the Context of the History of Previous Financial Crises	13-06-14
NBER	Wall Street vs. Main Street: An Eval‎uation of Probabilities	13-06-14
Heritage	Heritage Employment Report: Economy Runs in Place in May	13-06-13
IIE	Peers and Tiers and US High-Tech Export Controls: A New Approach to Estimating Export Shortfalls	13-06-13
Levy	Financial Reform and the London Whale	13-06-13
Levy	Heterodox Shocks	13-06-13
Brookings	The Hidden STEM Economy	13-06-13
McKinsey	How to attract long-term investors: An interview with M&G's Aled Smith	13-06-13
McKinsey	The do-or-die questions boards should ask about technology	13-06-13
BAI	Fending Off Mobile Malware	13-06-12
BAI	Lessons from an Early Branchless Bank	13-06-12
BAI	The Strategic Implications of Tellers Selling	13-06-12
Bloomberg	BOJ Urged to Set Easing Time-Limit to Quell Bond Volatility	13-06-14
Bloomberg	FX Rates Said to Face Global Regulation in Libor Review	13-06-14
Bloomberg	ECB Court Probe Focuses on Limits to Monetary Policy	13-06-13
Bloomberg	EU Urges U.K. to Probe Currency Rigging in Libor's Wake	13-06-13
Bloomberg	World Bank Cuts Global Outlook as China Slows; Asian Stocks Fall	13-06-13
Bloomberg	Can Bernanke Avoid a Meltdown in the Bond Market?	13-06-12
Bloomberg	Greece First Developed Market Cut to Emerging as UAE Raised	13-06-12
Bloomberg	Retirement Will Kill You	13-06-12
Bloomberg	Most Banks Expect Salary Increases to Offset EU Bonus Cap	13-06-11
Bloomberg	U.S. Outlook Revised to Stable by S&P as Fiscal Risks Diminish	13-06-11
Bloomberg	When Bailouts Make Moral and Economic Sense	13-06-11
Bloomberg	Japan Revises Growth to Annual 4.1% in Boost for Abenomics	13-06-10
Bloomberg	No Inflation as Yield Rise Belies Point of No Return View	13-06-10
Bloomberg	U.S. Expansion Poised for Longevity	13-06-10

발행기관	제 목	발행일자	내용보기
ECB	Bubbles, bank credit and macroprudential policies	13-06-13
ECB	Business groups as hierarchies of firms: determinants of vertical integration and performance	13-06-13
ECB	Convergence Report 2013	13-06-13
ECB	Eurosystem staff macroeconomic projections for the euro area	13-06-13
ECB	GDP-Inflation cyclical similarities in the CEE countries and the euro area	13-06-13
ECB	Hidden gems and borrowers with dirty little secrets: investment in soft information, borrower self-selection and competition	13-06-13
ECB	How important is tourism for the international transmission of cyclical fluctuations? Evidence from the Mediterranean	13-06-13
Deutsche Bundesbank	Catharsis - The real effects of bank insolvency and resolution	13-06-13
Deutsche Bundesbank	Eval‎uation of minimum capital requirements for bank loans to SMEs	13-06-13
Deutsche Bundesbank	Outlook for the German economy - macroeconomic projections for 2013 and 2014	13-06-13
Bank of Norway	Mixed frequency structural models: estimation, and policy analysis	13-06-13
Bank of Norway	Underidentified SVAR models: A framework for combining short and long-run restrictions with sign-restrictions	13-06-13
DB Research	Ultra-low interest rates: How Japanese banks have coped	13-06-13
EUROPA	Discretionary tax measures: pattern and impact on tax elasticities	13-06-13
EUROPA	The bonsai and the gardener: using flow data to better assess financial sector leverage	13-06-13
CEPII	Trade Liberalization in the Bio-Economy: Coping with a New Landscape	13-06-13
CEPR	Adverse Selection and Moral Hazard in Anonymous Markets	13-06-13
CEPR	Financial Sector Reform After the Crisis: Has Anything Happened?	13-06-13
CEPR	Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico	13-06-13
CEPS	Access Barriers to Services Markets: Mapping, tracing, understanding and measuring	13-06-13
EBRD	Foreign direct investment and wages: does the level of ownership matter?	13-06-13
Bruegel	Bank versus non-bank credit in the United States, Europe and China	13-06-13
Allianz	Swiss National Bank dilemma - too much of a good thing	13-06-12
Economist	Abenomics : Not so super	13-06-14
Economist	Germany and Europe : The reluctant hegemon	13-06-14
Economist	The Fed and emerging markets : The end of the affair	13-06-14
Financial Times	China is giving Europe a harsh lesson in geopolitics	13-06-14
Financial Times	Hopes for G8 trade and tax deals dented	13-06-14
Financial Times	Big data has to show that it's not like Big Brother	13-06-13
Financial Times	Yen's rise through Y95 hits Japanese shares hard	13-06-13
Financial Times	Banking union hits buffers as capitals keep control	13-06-12
Financial Times	Fears of QE3 slowdown drive Treasury rates up	13-06-12
Financial Times	The overstated inflation danger	13-06-12
Financial Times	Bank of Japan raises assessment of Japanese economy	13-06-11
Financial Times	Eurozone banks cut cross-border debt holdings	13-06-11
Financial Times	The ECB must open itself up	13-06-11
Financial Times	Choke on banks stifles Cyprus economy	13-06-10
Financial Times	Why the ECB is reluctant to "go negative"	13-06-10

발행기관	제 목	발행일자	내용보기
Reserve Bank of Australia	An Empirical BVAR-DSGE Model of the Australian Economy	13-06-13
Reserve Bank of Australia	Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies	13-06-13
IMES	Disentangling the Effects of Multiple Treatments	13-06-13
NRI	Nowcasting the real estate market with news articles and Internet search data	13-06-13
RIETI	Does the Stock Market Eval‎uate Intangible Assets? An empirical analysis using data of listed firms in Japan	13-06-13
RIETI	Trade and Industrial Policy Subtleties with International Licensing	13-06-13
AWSJ	Euro-Zone Risks Return to Fore	13-06-14
AWSJ	Fed's Bond-Buying Wild Card: Inflation Expectations	13-06-14
AWSJ	Banks Walk on Mortgage Balance Beam	13-06-13
AWSJ	Global Tumult Grips Markets	13-06-13
AWSJ	Across China, the Itch to Spend Is Strong	13-06-12
AWSJ	Money Flows Out of Emerging Markets	13-06-12
AWSJ	More Signs of Slowly Healing Job Market	13-06-12
AWSJ	Fiscal Fixes for the Jobless Recovery	13-06-11
AWSJ	Regulators Turn Up Heat Over Bank Fees	13-06-11
AWSJ	Fed on Track to Ease Up on Bond Buying Later This Year	13-06-10
AWSJ	Slower China Credit Is Risk to Growth	13-06-10

발행기관	제 목	발행일자	내용보기
IMF	Does Public-Sector Employment Fully Crowd Out Private-Sector Employment?	13-06-13
IMF	Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon	13-06-13
IMF	Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola	13-06-13
IMF	Potential Output and Output Gap in Central America, Panama and Dominican Republic	13-06-13
BIS	Consistent regulatory implementation to keep markets integrated	13-06-13
BIS	Foreign exchange intervention and expectation in emerging economies	13-06-13
World Bank	Collateral registries for movable assets : does their introduction spur firms' access to bank finance ?	13-06-14
World Bank	Duration dependence and change-points in the likelihood of credit booms ending	13-06-14
World Bank	Partial consumption insurance and financial openness across the world	13-06-14
World Bank	PPML estimation of dynamic discrete choice models with aggregate shocks	13-06-14
OECD	Challenges to Sustain Poland's Growth Model	13-06-13
OECD	The 90% Public Debt Threshold	13-06-13
ADB	Asia Bond Monitor - June 2013	13-06-12