Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147555057X
Total Pages : 17 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis by : Mr.Yi Wu

Download or read book Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis written by Mr.Yi Wu and published by International Monetary Fund. This book was released on 2012-10-31 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines publicly listed Chilean firms’ performance during the 2008–09 crisis. In particular, it studies the effects from changes in external financing conditions, aggregate demand, and international trade on firms’ investment, sales, and profits, using firm-specific characteristics measured prior to the crisis. The evidence suggests that the crisis had a larger negative impact on firms with greater reliance on external financing, and firms with higher sensitivity to aggregate demand and exports. Firms with more foreign currency debt also had larger declines in sales, although their investment or profits did not differ significantly from other firms.

Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 147558833X
Total Pages : 17 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis by : Mr.Yi Wu

Download or read book Performance of Publicly Listed Chilean Firms During the 2008-2009 Global Financial Crisis written by Mr.Yi Wu and published by International Monetary Fund. This book was released on 2012-10-31 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines publicly listed Chilean firms’ performance during the 2008–09 crisis. In particular, it studies the effects from changes in external financing conditions, aggregate demand, and international trade on firms’ investment, sales, and profits, using firm-specific characteristics measured prior to the crisis. The evidence suggests that the crisis had a larger negative impact on firms with greater reliance on external financing, and firms with higher sensitivity to aggregate demand and exports. Firms with more foreign currency debt also had larger declines in sales, although their investment or profits did not differ significantly from other firms.

Chile

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475510497
Total Pages : 48 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Chile by : International Monetary Fund

Download or read book Chile written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-09-11 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Selected Issues paper discusses external shocks and its effects on Chile. The economy of Chile is susceptible to global financial predicaments, external demands, and commodity rates. This paper reports on financial spillovers from 2008–12, its methodologies, and the pressures on bank funding markets. The paper also examines performance of nonfinancial sector during the 2008–09 crisis. The Executive Board sees the document as an analytical description of Chile in the global scene.

Stock Market Liquidity in Chile

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475554699
Total Pages : 29 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Stock Market Liquidity in Chile by : Mr.Luis Brandao-Marques

Download or read book Stock Market Liquidity in Chile written by Mr.Luis Brandao-Marques and published by International Monetary Fund. This book was released on 2016-11-16 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile has a large but relatively illiquid stock market. Global factors such as global risk appetite and monetary policy in advanced economies are key cyclical determinants of liquidity in Chilean equities. Evidence from a cross-section of emerging markets suggests strong protection of minority shareholders can help improve stock market liquitidity. Currently, illiquid in Chilean may have to pay 31⁄2 percent more as cost of equity. Corporate governance should be improved, namely through the adoption of a stewardship code.

Global Waves of Debt

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

IMF Research Bulletin, December 2012

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475556659
Total Pages : 14 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis IMF Research Bulletin, December 2012 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, December 2012 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2012-12-10 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Summaries in the December 2012 IMF Research Bulletin look at "Market Failures and Macroprudential Policy" (Giovanni Favara and Lev Ratnovski) and "Measurement Matters for House Price Indices" (Mick Silver). The Q&A column looks at "Seven Questions on Turning Points of the Global Business Cycle." The Bulletin also includes a listing of recent IMF Working Papers and Staff Discussion Notes, as well as a list of the top-viewed articles for the first three issues of IMF Economic Review in 2012. Information is also included on a call for papers for the conference "Asia: Challenges of Stability and Growth" to be held in Seoul in 2013.

Financial Crises Explanations, Types, and Implications

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475561008
Total Pages : 66 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Financial Crises Explanations, Types, and Implications by : Mr.Stijn Claessens

Download or read book Financial Crises Explanations, Types, and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Regional Economic Outlook, May 2013, Western Hemisphere

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484347927
Total Pages : 66 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Economic Outlook, May 2013, Western Hemisphere by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Regional Economic Outlook, May 2013, Western Hemisphere written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-05-06 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some global risks, external conditions for Latin America should remain stimulative. With monetary policy in advanced economies expected to stay accommodative, external financing conditions will remain favorable. Strong demand from emerging Asian economies and the gradual recovery of advanced economies will continue to support commodity prices, benefiting exporters. The main policy challenge for most of the region is to take advantage of current conditions to continue buttressing a foundation for sustained growth. Other issues important to the region include: (i) strengthening balance sheets; (ii) understanding how changes in external conditions could impact public and external debt dynamics; and (iii) making the best use of the windfall from the recent terms-of-trade boom.

International Macroeconomics in the Wake of the Global Financial Crisis

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Author :
Publisher : Springer
ISBN 13 : 3319790757
Total Pages : 298 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis International Macroeconomics in the Wake of the Global Financial Crisis by : Laurent Ferrara

Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513508334
Total Pages : 90 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector by : Ms.Deniz O Igan

Download or read book The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector written by Ms.Deniz O Igan and published by International Monetary Fund. This book was released on 2019-07-30 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007–17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to $1.6 trillion ($3.5 trillion including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less.

The Financial and Economic Crisis of 2008-2009 and Developing Countries

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Author :
Publisher : UN
ISBN 13 :
Total Pages : 350 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Financial and Economic Crisis of 2008-2009 and Developing Countries by : United Nations Conference on Trade and Development

Download or read book The Financial and Economic Crisis of 2008-2009 and Developing Countries written by United Nations Conference on Trade and Development and published by UN. This book was released on 2010 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a response to the global financial and economic crisis that began in 2008, many developing and emerging-market economies undertook resolute countercyclical monetary and fiscal actions, which paralleled those of the developed countries. These policy responses contributed significantly to the recovery of the world economy in 2010 and 2011. In particular, the strong and fast responses of Brazil, China and India helped mitigate deflationary risks and avoid a repetition of the Great Depression of the early 1930s. On the other hand, reforms of financial regulation and supervision are taking time to advance, and little progress has been achieved so far in implementing measures to reduce global imbalances and to avoid a malfunctioning of the international exchange-rate system. These would contribute to greater coherence between the international trading and financial systems, and to creating a more stable international economic environment for development. This is a collection of papers that contribute to the debate on these topics, putting the South at centre stage. It examines how the countries of the South were affected by the global economic and financial crisis, and how they responded to it.

The Global Financial Crisis

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437919847
Total Pages : 127 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis The Global Financial Crisis by : Dick K. Nanto

Download or read book The Global Financial Crisis written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2009 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

This Time Is Different

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691152640
Total Pages : 513 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis This Time Is Different by : Carmen M. Reinhart

Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.

The Global Economic Recovery 10 Years After the 2008 Financial Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498305423
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Global Economic Recovery 10 Years After the 2008 Financial Crisis by : Ms.Wenjie Chen

Download or read book The Global Economic Recovery 10 Years After the 2008 Financial Crisis written by Ms.Wenjie Chen and published by International Monetary Fund. This book was released on 2019-04-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007–08. Sluggish investment was a key channel through which these losses registered, accompanied by long-lasting capital and total factor productivity shortfalls relative to precrisis trends. Policy choices preceding the crisis and in its immediate aftermath influenced postcrisis variation in output. Underscoring the importance of macroprudential policies and effective supervision, countries with greater financial vulnerabilities in the precrisis years suffered larger output losses after the crisis. Countries with stronger precrisis fiscal positions and those with more flexible exchange rate regimes experienced smaller losses. Unprecedented and exceptional policy actions taken after the crisis helped mitigate countries’ postcrisis output losses.

Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis by : Uroš Herman

Download or read book Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis written by Uroš Herman and published by International Monetary Fund. This book was released on 2022-02-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we investigate whether a firm’s composition of foreign liabilities matters for their resilience during economic turmoil and examine which characteristics determine a firm’s foreign capital structure. Using firm-level data, we corroborate previous findings from the (international) macroeconomic literature that the composition of foreign liabilities matters for a country’s susceptibility to external shocks. We find that firms with a positive equity share in their foreign liabilities were less affected by the global financial crisis and also less likely to default in the aftermath of the crisis. In addition, we show that larger, more open, and more productive firms tend to have a higher equity share in total foreign liabilities.

Global Economic Crisis and Local Economic Development

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Author :
Publisher : Routledge
ISBN 13 : 1317246691
Total Pages : 235 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Global Economic Crisis and Local Economic Development by : Jason Begley

Download or read book Global Economic Crisis and Local Economic Development written by Jason Begley and published by Routledge. This book was released on 2016-04-14 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a collaborative investigation of the policies and practices which have redeveloped local and national economies in the aftermath of the global economic crisis which erupted in 2008. It explores 'localised' models of economic development, including problems of diversity and balance and the role of firms, industries and clusters, alongside comparative studies of policy responses to the crisis at local, regional and national levels Global Economic Crisis and Local Economic Development seeks routes for economic development in a post-crisis world. The roles of innovation, entrepreneurship, knowledge infrastructures, public policies, business strategies and responses, as well as global contexts and positioning are explored as investigative themes which run throughout the collection as a whole. This text brings together a range of international disciplinary experts from economics, geography, history, business and management, politics and sociology. Its coverage is comparative and global, with contributions focusing on the U.S., Japan, China, and India, as well as European contexts and cases. This book is of value both for the intrinsic quality of its individual studies and for the contrasts and comparisons enabled by the collection when viewed as a whole. It has an accessible but rigorous style, making it ideal for a range of users including academics, researchers and students who study economic development and regional development.

Managing Elevated Risk

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Author :
Publisher : Springer
ISBN 13 : 9812872841
Total Pages : 124 pages
Book Rating : 4.8/5 (128 download)

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Book Synopsis Managing Elevated Risk by : Iwan J. Azis

Download or read book Managing Elevated Risk written by Iwan J. Azis and published by Springer. This book was released on 2014-12-11 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.