SSRN European Stability Mechanism (ESM) Research Paper Series

1.

The Benefits of Reducing Hold-Out Risk: Evidence from the Euro CAC Experiment, 2013-2018

European Stability Mechanism Working Paper No. 33

Number of pages: 33 Posted: 05 Dec 2018

Working Paper Series

Mattia Osvaldo Picarelli, Aitor Erce and Xu Jiang

Sapienza University of Rome, European Stability Mechanism and European Stability Mechanism

There are 2 versions of this paper

Downloads 18

2.

Sovereign Credit Ratings under Fiscal Uncertainty

European Stability Mechanism Working Paper No. 32

Number of pages: 51 Posted: 21 Nov 2018

Working Paper Series

Arno Hantzsche

National Institute of Economic and Social Research

Downloads 19

3.

Risk Management for Sovereign Financing within a Debt Sustainability Framework

European Stability Mechanism Working Paper No. 31

Number of pages: 45 Posted: 17 Sep 2018 Last Revised: 17 Oct 2018

Working Paper Series

Marialena Athanasopoulou, Andrea Consiglio, Aitor Erce, Angel Gavilan Gonzalez, Edmund Moshammer and Stavros A. Zenios

European Stability Mechanism, University of Palermo - d/SEAS, European Stability Mechanism, European Stability Mechanism, European Stability Mechanism and University of Cyprus

Downloads 32

4.

Fiscal Multipliers and Foreign Holdings of Public Debt

European Stability Mechanism Working Paper No. 30

Number of pages: 76 Posted: 30 Mar 2018

Working Paper Series

Fernando Broner, Daragh Clancy, Alberto Martin and Aitor Erce

CREI, European Stability Mechanism, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and European Stability Mechanism

There are 2 versions of this paper

Downloads 74

5.

Pricing and Hedging GDP-linked Bonds in Incomplete Markets

European Stability Mechanism Working Paper No. 29

Number of pages: 31 Posted: 23 Mar 2018

Working Paper Series

Andrea Consiglio and Stavros A. Zenios

University of Palermo - d/SEAS and University of Cyprus

There are 2 versions of this paper

Downloads 23

6.

Combining Time-Variation and Mixed-Frequencies: An Analysis of Government Spending Multipliers in Italy

European Stability Mechanism Working Paper No. 7, ISBN: 978-92-95085-09-1

Number of pages: 41 Posted: 21 Mar 2018

Working Paper Series

Antonello D'Agostino and Jacopo Cimadomo

European Stability Mechanism and European Central Bank

There are 2 versions of this paper

Downloads 4

7.

European Government Bond Dynamics and Stability Policies: Taming Contagion Risks

European Stability Mechanism Working Paper No. 8

Number of pages: 25 Posted: 20 Mar 2018

Working Paper Series

Peter Schwendner, Martin Schüle, Thomas Ott and Martin Hillebrand

Zurich University of Applied Sciences, Center for Asset Management, Zurich University of Applied Sciences, Institute of Applied Simulation, Zurich University of Applied Sciences, Institute of Applied Simulation and Frankfurt University of Applied Sciences

There are 2 versions of this paper

Downloads 10

8.

Catalytic IMF? A Gross Flows Approach

European Stability Mechanism Working Paper No. 9; ISBN: 978-92-95085-15-2

Number of pages: 47 Posted: 19 Mar 2018

Working Paper Series

Aitor Erce and Daniel Riera-Crichton

European Stability Mechanism and Bates College

There are 2 versions of this paper

Downloads 7

9.

Countercyclical Capital Rules for Small Open Economies

European Stability Mechanism Working Paper No. 10; ISBN: 978-92-95085-10-7

Number of pages: 51 Posted: 19 Mar 2018

Working Paper Series

Daragh Clancy and Rossana Merola

European Stability Mechanism and International Labour Organization (ILO)

Downloads 9

10.

External Debt Composition and Domestic Credit Cycles

European Stability Mechanism Working Paper No. 28, ISBN: 978-92-95085-49-7

Number of pages: 53 Posted: 19 Mar 2018

Working Paper Series

Stefan Avdjiev, Stephan Binder and Ricardo Sousa

Bank for International Settlements (BIS), Independent and European Stability Mechanism

There are 2 versions of this paper

Downloads 22

11.

Does Exchange Rate Depreciation Have Contractionary Effects on Firm-Level Investment?

European Stability Mechanism Working Paper No. 26; ISBN 978-92-95085-47-3

Number of pages: 43 Posted: 13 Mar 2018

Working Paper Series

José María Serena and Ricardo Sousa

Bank for International Settlements (BIS) and European Stability Mechanism

There are 2 versions of this paper

Downloads 18

12.

Sovereign Ratings: An Analysis of the Degree, Changes and Source of Moody's Judgement

European Stability Mechanism Working Paper No. 27; ISBN 978-92-95085-48-0

Number of pages: 71 Posted: 13 Mar 2018

Working Paper Series

Alvise Lennkh and Edmund Moshammer

European Stability Mechanism and European Stability Mechanism

Downloads 57

13.

Financial Contagion: A New Perspective (and a New Test)

European Stability Mechanism Working Paper No. 12; ISBN 978-92-95085-19-0

Number of pages: 32 Posted: 13 Mar 2018

Working Paper Series

Matteo Cominetta

European Stability Mechanism

Downloads 31

14.

Capital Adequacy Regulations in Hungary: Did It Really Matter?

European Stability Mechanism Working Paper No. 11; ISBN 978-92-95085-18-3

Number of pages: 29 Posted: 13 Mar 2018

Working Paper Series

Dora Siklos

European Stability Mechanism

Downloads 5

15.

Firm Performance and (Foreign) Debt Financing Before and During the Crisis: Evidence from Firm-Level Data

European Stability Mechanism Working Paper No. 15

Number of pages: 43 Posted: 10 Nov 2017

Working Paper Series

Mateja Gabrijelcic, Uros Herman and Andreja Lenarcic

Bank of Slovenia, Goethe University Frankfurt, House of Finance (HoF), Graduate School of Economics, Finance and Management (GSEFM), Students and European Stability Mechanism

There are 2 versions of this paper

Downloads 19

16.

Euro Area Sovereign Ratings: An Analysis of Fundamental Criteria and Subjective Judgement

European Stability Mechanism Working Paper No. 14

Number of pages: 37 Posted: 10 Nov 2017

Working Paper Series

Antonello D'Agostino and Alvise Lennkh

European Stability Mechanism and European Stability Mechanism

Downloads 26

17.

The Global Financial Safety Net Through the Prism of G20 Summits

European Stability Mechanism Working Paper No. 13

Number of pages: 46 Posted: 10 Nov 2017

Working Paper Series

Gong Cheng

European Stability Mechanism

There are 2 versions of this paper

Downloads 19

18.

Bailouts, Moral Hazard and Banks’ Home Bias for Sovereign Debt

European Stability Mechanism Working Paper No. 16

Number of pages: 36 Posted: 04 Aug 2017

Working Paper Series

Gaetano Gaballo and Ariel Zetlin-Jones

Banque de France and University of Minnesota - Twin Cities - Department of Economics

Downloads 17

19.

International Risk Sharing in the EMU

European Stability Mechanism Working Paper No. 17

Number of pages: 36 Posted: 04 Aug 2017

Working Paper Series

Alessandro Ferrari and Anna Rogantini Picco

European University Institute - Economics Department and European University Institute

Downloads 51

20.

The Role of Fiscal Transfers in Smoothing Regional Shocks: Evidence from Existing Federations

European Stability Mechanism Working Paper No. 18

Number of pages: 35 Posted: 04 Aug 2017

Working Paper Series

Tigran Poghosyan, Abdelhak Senhadji and Carlo Cottarelli

International Monetary Fund (IMF), International Monetary Fund (IMF) - Asia and Pacific Department and International Monetary Fund (IMF)

There are 2 versions of this paper

Downloads 38

21.

Analysing Cross-Currency Basis Spreads

European Stability Mechanism Working Paper No. 25

Number of pages: 29 Posted: 18 Jul 2017

Working Paper Series

Jaroslav Baran and Jiri Witzany

European Stability Mechanism and University of Economics in Prague

Downloads 91

22.

Debt Stocks Meet Gross Financing Needs: A Flow Perspective into Sustainability

European Stability Mechanism Working Paper No. 24

Number of pages: 29 Posted: 21 Jun 2017

Working Paper Series

Carmine Gabriele, Aitor Erce, Marialena Athanasopoulou and Juan Rojas

European Stability Mechanism, European Stability Mechanism, European Stability Mechanism and European Stability Mechanism

Downloads 39

23.

Balance Sheet Effects, Foreign Reserves and Public Policies

Journal of International Money and Finance, Vol. 59, 2015, European Stability Mechanism Working Paper No. 3

Number of pages: 30 Posted: 16 Jun 2017

Accepted Paper Series

Gong Cheng

European Stability Mechanism

Downloads 16

24.

What Happened to Profitability? Shocks, Challenges and Perspectives for Euro Area Banks

European Stability Mechanism Working Paper No. 5

Number of pages: 55 Posted: 16 Jun 2017

Working Paper Series

Gong Cheng and Dirk Mevis

European Stability Mechanism and European Stability Mechanism

Downloads 28

25.

The Global Financial Safety Net through the Prism of G20 Summits

European Stability Mechanism Working Paper No. 13

Number of pages: 46 Posted: 16 Jun 2017

Working Paper Series

Gong Cheng

European Stability Mechanism

There are 2 versions of this paper

Downloads 19

26.

A Highly Efficient Regression Estimator for Skewed And/Or Heavy-Tailed Distributed Errors

European Stability Mechanism Working Paper No. 19

Number of pages: 11 Posted: 24 May 2017

Working Paper Series

Lorenzo Ricci, Vincenzo Verardi and Catherine Vermandele

Université Libre de Bruxelles (ULB), FUNDP - University of Namur. CRED and Université Libre de Bruxelles (ULB)

Downloads 45

27.

From Debt Collection to Relief Provision: 60 Years of Official Debt Restructurings Through the Paris Club

European Stability Mechanism Working Paper No. 20

Number of pages: 50 Posted: 24 May 2017

Working Paper Series

Gong Cheng, Javier Díaz-Cassou and Aitor Erce

European Stability Mechanism, Banco de España and European Stability Mechanism

Downloads 33

28.

The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club

European Stability Mechanism Working Paper No. 21

Number of pages: 28 Posted: 24 May 2017

Working Paper Series

Gong Cheng, Javier Díaz-Cassou and Aitor Erce

European Stability Mechanism, Banco de España and European Stability Mechanism

Downloads 33

29.

Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets

European Stability Mechanism Working Paper No. 22

Number of pages: 44 Posted: 24 May 2017

Working Paper Series

Irina Balteanu and Aitor Erce

Banco de España and European Stability Mechanism

Downloads 57

30.

A Comprehensive Scorecard for Assessing Sovereign Vulnerabilities

European Stability Mechanism Working Paper No. 23

Number of pages: 28 Posted: 18 May 2017

Working Paper Series

Alvise Lennkh, Edmund Moshammer and Vilem Valenta

European Stability Mechanism, European Stability Mechanism and European Stability Mechanism

Downloads 49

31.

Bailouts, Moral Hazard and Banks' Home Bias for Sovereign Debt

Banque de France Working Paper No. 594, European Stability Mechanism Research Paper No. 16

Number of pages: 36 Posted: 01 Jun 2016

Working Paper Series

Gaetano Gaballo and Ariel Zetlin-Jones

Banque de France and University of Minnesota - Twin Cities - Department of Economics

Downloads 46

32.

Balance Sheet Effects, Foreign Reserves and Public Policies

Journal of International Money and Finance, Forthcoming, European Stability Mechanism Research Paper No. 3

Posted: 05 Nov 2015

Accepted Paper Series

Gong Cheng

European Stability Mechanism

33.

European Government Bond Dynamics and Stability Policies: Taming Contagion Risks

Journal of Network Theory in Finance 1 (4), 2015, European Stability Mechanism Research Paper No. 8

Posted: 04 May 2015 Last Revised: 19 Apr 2017

Working Paper Series

Peter Schwendner, Martin Schüle, Thomas Ott and Martin Hillebrand

Zurich University of Applied Sciences, Center for Asset Management, Zurich University of Applied Sciences, Institute of Applied Simulation, Zurich University of Applied Sciences, Institute of Applied Simulation and Frankfurt University of Applied Sciences

There are 2 versions of this paper

34.

Firm Performance and (Foreign) Debt Financing before and during the Crisis: Evidence from Firm-Level Data

European Stability Mechanism Research Paper No. 15

Number of pages: 41 Posted: 11 Oct 2013 Last Revised: 19 Apr 2017

Working Paper Series

Mateja Gabrijelcic, Uros Herman and Andreja Lenarcic

Bank of Slovenia, Goethe University Frankfurt, House of Finance (HoF), Graduate School of Economics, Finance and Management (GSEFM), Students and European Stability Mechanism

There are 2 versions of this paper

Downloads 246