Title:Financial Connections and Systemic Risk
Author(s):ALLEN, Franklin; BABUS, Ana; CARLETTI, ElenaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We develop a model where institutions form connections through swaps of projects
in order to diversify their individual risk. These connections lead to two different network
structures. In a clustered network groups of ...
Title:Financial Connections and Systemic Risk
Author(s):ALLEN, Franklin; BABUS, Ana; CARLETTI, ElenaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:An important source of systemic risk is overlapping portfolio exposures among financial institutions. We develop a model where institutions form connections through swaps of projects in order to diversify their individual ...
Title:Financial integration and financial development in transition economies: What happens during financial crises?
Author(s):BREZIGAR-MASTEN, Arjana; CORICELLI, Fabrizio; MASTEN, IgorDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper provides an empirical analysis of the role of financial development and financial
integration in the growth dynamics of transition countries. We focus on the role of financial
integration in determining the ...
Title:Financial Private Regulation and Enforcement
Author(s):MILLER, GeoffreyDate:2011Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper considers the topic of private regulation and enforcement for internationally active financial services firms. The paper documents the following types of regulation and enforcement that involve significant private ...
Title:Fiscal Stimulus with Spending Reversals
Author(s):CORSETTI, Giancarlo; MEIER, André; MÜLLER, Gernot J.Date:2009Type of Publication:Working PaperSeries/Report no.:IMF working paper
Title:Fiscal Stimulus with spending reversals
Author(s):CORSETTI, Giancarlo; MEIER, André; MÜLLER, Gernot J.Date:2009Type of Publication:Working PaperSeries/Report no.:CEPR discussion paperAbstract:The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending ...
Title:Flexible Global Carbon Pricing: A Backward-Compatible Upgrade for the Kyoto Protocol
Author(s):STOFT, StevenDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The Kyoto Protocol’s approach of assigning emission targets, or “caps,” promises certainty that it cannot deliver, because it exacerbates problems with international cooperation and commitment. Global carbon pricing addresses ...
Title:Forecasting with Factor-augmented Error Correction Models
Author(s):MASTEN, Igor; BANERJEE, Anindya; MARCELLINO, MassimilianoDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:As a generalization of the factor-augmented VAR (FAVAR) and of the Error Correction Model (ECM), Banerjee and Marcellino (2009) introduced the Factor-augmented Error Correction Model (FECM). The FECM combines error-correction, ...
Title:Foundational Economic Theories for Political-Scientific Inter-Branch Studies
Author(s):KARAGIANNIS, YannisDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Economic theories are increasingly popular in political science, and in particular in research on the
relations between the legislative, the executive, and the judicial branches of government. Among these
theories, ...
Title:Four Funerals and a Party? The Political Repertoire of the Italian Radicals
Author(s):RADAELLI, Claudio M.; DOSSI, SamueleDate:2011Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The transformations brought about by changing patterns of representation, the role of the media in politics, and processes of Europeanization and globalization have challenged the political parties of the West-European ...
Title:The Fragile Consensus on Fragility
Author(s):BERTOLI, Simone; TICCI, ElisaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The concept of fragility, which was initially born in the security arena, has been gaining increasing
relevance in the development discourse over the past few years. However, fragility still remains a
fuzzy and elusive ...
Title:Fragile Countries and the 2008-2009 Crisis
Author(s):ALLEN, Franklin; GIOVANNETTI, GiorgiaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper analyses the channels through which the economic and financial crisis of 2008-2009 is
transmitted to fragile countries in Sub-Saharan Africa. Trade stands out as the main direct channel,
even though intra-Africa ...
Title:Fragile States, Commodity Booms and Export Performance: An Analysis of the Sub-Saharan African Case
Author(s):MOLD, Andrew; PRIZZON, AnnalisaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Sub-Saharan Africa’s export performance over recent decades has typically been por-trayed as poor
compared to other regions in developing countries. This paper takes a new look at the record, using
data on the volume ...
Title:Fragility and MDG Progress: How Useful is the Fragility Concept?
Author(s):HARTTGEN, Kenneth; KLASEN, StephanDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:While progress in developing countries as a whole, in terms of growth, poverty reduction, and several
MDGs, has been quite good in recent years, fragile states lag behind in levels of MDG achievement.
To understand the ...