 | Financial De-Dollarization : A Global Perspective and the Peruvian Experience Author/Editor: Luis Catão, Marco Terrones. Release Date:April, 2016 We re-appraise the cross-country evidence on the dollarization of financial systems in emerging market economies. Amidst striking heterogeneity of patterns across regions, we identify a broad global more...
| Price: $18.00
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 | Collapse and Revival : Understanding Global Recessions and Recoveries Author/Editor: Ayhan Kose, Marco Terrones. Release Date:December, 2015 As the debates about the recent global recession and the subsequent recovery have clearly shown, our understanding of these questions has been very limited. This comprehensive text puts the latest more...
| Price: $65.00
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 | Do Asset Price Drops Foreshadow Recessions? Author/Editor: John C Bluedorn, Jörg Decressin, Marco Terrones. Release Date:October, 2013 This paper examines the usefulness of asset prices in predicting recessions in the G-7 countries. It finds that asset price drops are significantly associated with the beginning of a recession in more...
| Price: $18.00
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 | Global House Price Fluctuations: Synchronization and Determinants Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok, Marco Terrones. Release Date:February, 2013 We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these more...
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 | Financial Cycles : What? How? When? Author/Editor: Marco Terrones, Ayhan Kose, Stijn Claessens. Release Date:April, 2011 This paper provides a comprehensive analysis of financial cycles using a large database covering 21 advanced countries over the period 1960:1-2007:4. Specifically, we analyze cycles in credit, house more...
| Price: $18.00
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 | How Do Business and Financial Cycles Interact? Author/Editor: Marco Terrones, Ayhan Kose, Stijn Claessens. Release Date:April, 2011 This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our more...
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 | Globalization, the Business Cycle, and Macroeconomic Monitoring Author/Editor: S. Boragan Aruoba, Marco Terrones, Ayhan Kose, Francis X. Diebold. Release Date:February, 2011 We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of more...
| Price: $18.00
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 | On the Solvency of Nations : Are Global Imbalances Consistent with Intertemporal Budget Constraints? Author/Editor: Enrique G. Mendoza, Marco Terrones, Ceyhun Bora Durdu. Release Date:February, 2010 Theory predicts that a nation's stochastic intertemporal budget constraint is satisfied if net exports (NX) and net foreign assets (NFA) satisfy an error-correction specification with a residual more...
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 | Reaping the Benefits of Financial Globalization Author/Editor: Giovanni Dell'Ariccia, Paolo Mauro, Andre Faria, Jonathan David Ostry, Julian Di Giovanni, Martin Schindler, Ayhan Kose, Marco Terrones. Release Date:December, 2008 Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate more...
| Price: $33.00
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 | What Happens During Recessions, Crunches and Busts? Author/Editor: Marco Terrones, Ayhan Kose, Stijn Claessens. Release Date:December, 2008 We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period more...
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