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From Bear Stearns to Anglo Irish : How Eurozone Sovereign Spreads Related to Financial Sector Vulnerability

Author/Editor: Ashoka Mody.

Release Date:May, 2009

This paper attempts to explain the recent rise and differentiation of sovereign spreads across the countries of the eurozone. Following the onset of the subprime crisis in July 2007, spreads rose but more...



Price: $18.00
The Second Transition : Eastern Europe in Perspective

Author/Editor: Daniel Leigh, Stefania Fabrizio, Ashoka Mody.

Release Date:March, 2009

The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, more...



Price: $18.00
From Crisis to IMF-Supported Program : Does democracy impede the speed required by financial markets?

Author/Editor: Ashoka Mody, Diego Saravia.

Release Date:December, 2008

Has the spread of democracy and political participation impeded the need for speed required by financial markets and the elevated threat of contagion across borders? We examine the time span between more...



Price: $18.00
Breaking the Impediments to Budgetary Reforms : Evidence from Europe

Author/Editor: Ashoka Mody, Stefania Fabrizio.

Release Date:March, 2008

Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the more...



Price: $18.00
Can Domestic Policies Influence Inflation?

Author/Editor: Ashoka Mody, Franziska Ohnsorge.

Release Date:November, 2007

Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic authorities to influence the pace of inflation. First, as markets are more...



Price: $18.00
The Dynamics of Product Quality and International Competitiveness

Author/Editor: Ashoka Mody, Deniz Igan, Stefania Fabrizio.

Release Date:April, 2007

Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export more...



Price: $18.00
International Finance and Income Convergence : Europe is Different

Author/Editor: Daniel Leigh, Abdul Abiad, Ashoka Mody.

Release Date:March, 2007

Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow more...



Price: $18.00
Growth in the Central and Eastern European Countries of the European Union

Author/Editor: Abdul Abiad, Ashoka Mody, Susan Schadler, Daniel Leigh.

Release Date:January, 2007

The central challenges facing the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia as they work to catch up to advanced European Union (EU) income levels are more...



Price: $28.00
Can Budget Institutions Counteract Political Indiscipline?

Author/Editor: Ashoka Mody, Stefania Fabrizio.

Release Date:May, 2006

The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. more...



Price: $15.00
Sudden Stops and IMF-Supported Programs

Author/Editor: Barry J Eichengreen, Poonam Gupta, Ashoka Mody.

Release Date:April, 2006

Could a high-access, quick-disbursing insurance facility in the IMF help to reduce the incidence of sharp interruptions in capital flows (sudden stops)? We contribute to the debate around this more...



Price: $15.00
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