Author/Editor: Ricardo Hoyos, Yang Liu, Hui Miao, Christian Saborowski.

Release Date:July, 2020

This paper examines the drivers of liquidity shortages in the Mexican government bond market. We use unique transaction- and quote level data with information on end-investors to construct an index more...

Author/Editor: Christian Saborowski, Florian Misch.

Release Date:May, 2019

This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for more...

Author/Editor: Florian Misch, Christian Saborowski.

Release Date:May, 2018

This paper explores the role for specific structural distortions in explaining Mexico’s weak productivity growth through the resource misallocation channel. The paper makes two contributions. more...

Author/Editor: Joseph E Gagnon, Tamim Bayoumi, Juan M Londono, Christian Saborowski, Horacio Sapriza.

Release Date:March, 2017

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish more...

Author/Editor: Milan Nedeljkovic, Christian Saborowski.

Release Date:January, 2017

This paper studies the relative effectiveness of foreign exchange intervention in spot and derivatives markets. We make use of Brazilian data where spot and non-deliverable futures based intervention more...

Author/Editor: Christina Kolerus, Papa M N'Diaye, Christian Saborowski.

Release Date:September, 2016

This note assesses empirically the role Chinese activity plays in global commodities markets, showing that the strength of China’s economic activity has a significant bearing on commodity prices, more...

Author/Editor: Diana Ayala Pena, Milan Nedeljkovic, Christian Saborowski.

Release Date:July, 2015

This paper studies the determinants of shifts in debt composition among EM non-financial corporates. We show that institutions and macro fundamentals create an enabling environment for bond market more...

Author/Editor: Ratna Sahay, Martin Cihak, Papa M N'Diaye, Adolfo Barajas, Diana B Ayala Pena, Ran Bi, Yuan Gao, Annette J Kyobe, Lam Nguyen, Christian Saborowski, Katsiaryna Svirydzenka, Seyed Reza Yousefi.

Release Date:May, 2015

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging more...

Author/Editor: Greetje Everaert, Natasha X Che, Nan Geng, Bertrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, Li Zeng.

Release Date:January, 2015

Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this more...

Author/Editor: Tamim Bayoumi, Joseph E. Gagnon, Christian Saborowski.

Release Date:October, 2014

We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but more...