Sudden stops, time inconsistency, and the duration of sovereign debt IMF (2013-07-25)
We study the sovereign debt duration chosen by the government in the context of a standard model of sovereign default. The government balances off increasing the duration of its debt to mitigate rollover risk and lowering duration .. more |
Regulatory burdens: The impact of Dodd-Frank on community banking AEI (2013-07-25)
Chairman Jordan, Ranking Member Cartwright, and members of the Subcommittee, thank you for convening this hearing today to examine the regulatory burden on community banks, and for inviting me to testify. My name is Tanya Marsh an .. more |
Determinants of Financial Stress in Emerging Market Economies ADB (2013-07-24)
The global financial crisis of 2008?2009 illustrates how financial turmoil in advanced economies could trigger severe financial stress in emerging markets. Previous studies dealing with financial crises and contagion show the link .. more | |