Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145676
Authors: 
Scheubel, Beatrice
Herrala, Risto
Stracca, Livio
Year of Publication: 
2016
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Global Financial Markets B16-V2
Abstract: 
We critically review the theoretical basis for the provision of global financial safety nets (GFSN) and provide a comprehensive database covering four types (foreign exchange reserves, IMF financing, central bank swap lines, and Regional Financing Arrangements) for over 150 countries in the sample 1970-2015. We also show some key stylised facts associated with the provision of financing associated with GFSN and compare macroeconomic outcomes around sudden stop episodes depending on how much GFSN were available for countries, and used. We conclude with some speculations on the possible evolution of the GFSN.
JEL: 
F34
F33
G01
Document Type: 
Conference Paper

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