Sweder van Wijnbergen
University of Amsterdam
180 Papers
1.9K Citations
Sweder van Wijnbergen is an academic researcher from University of Amsterdam. The author has contributed to research in topics: Exchange rate & Debt. The author has an hindex of 36, co-authored 170 publications. Previous affiliations of Sweder van Wijnbergen include Massachusetts Institute of Technology & Princeton University.
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Papers
Credit policy, inflation and growth in a financially repressed economy
TL;DR: In this paper, the authors analyzed credit policy in an open economy macro-model incorporating stylized facts about the financial sector of LDC's (absence of security markets, existence of a curbmarket).
Inflation Stabilization, Fiscal Deficits, and Public Debt Management in Poland
TL;DR: In this paper, the authors analyze the consistency between fiscal deficits and inflation targets, and assess Poland's domestic and foreign debt management policies and the impact of the Brady debt reduction agreement on the relationship between fiscal deficit and inflation.
Unclogging the Credit Channel: On the Macroeconomics of Banking Frictions
E. Jakučionytė,Sweder van Wijnbergen +1 more
- 17 Jan 2018
TL;DR: The presence of debt overhang in either the corporate or banking sector significantly reduces the effectiveness of fiscal policy. Banking frictions have a negative impact on macro outcomes when working capital is financed through credit. Higher capital requirements lead to more loans when there is debt overhang in banks, but lower loan volumes when risk shifting is the problem in banks.
Sukuk Defaults: On Distress Resolution in Islamic Finance
TL;DR: In this paper, the authors analyse four major defaults on Sukuk that have happened recently in the aftermath of the worldwide credit crisis that has engulfed the world since 2007, and they make clear that in most cases, the problems can be traced back to clauses and structures that made the sukuk more like conventional bonds.
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Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences
TL;DR: In this paper, the effect of preference specifications on the current day valuation of future outcomes is analyzed, where the authors focus on the impact of risk aversion, ambiguity aversion and the elasticity of intertemporal substitution.