Showing 1 - 10 of 18
This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i …
Persistent link: https://www.econbiz.de/10005792003
instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …
Persistent link: https://www.econbiz.de/10005656217
This paper analyzes United States experience with foreign lending in the half-century from 1920. A first question … raised by this experience is what triggered the process of United States foreign lending. I conclude that lending was … loans to Central Europe and reconstruction of the gold standard system was needed to initiate long-term capital flows. A …
Persistent link: https://www.econbiz.de/10005281350
This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer …
Persistent link: https://www.econbiz.de/10011083763
moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about … administrative data on loan repayment. We find that the marginal loans produced measurable benefits in the form of increased … employment, reduced hunger, and reduced poverty. The marginal loans also appear to have been profitable for the lender. The …
Persistent link: https://www.econbiz.de/10005661796
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom … of financial protectionism. After nationalisations, foreign banks reduced the fraction of loans going to the UK by about …," domestic (British) loans of a bank expressed as a fraction of its total loan activity. We also study effective short …
Persistent link: https://www.econbiz.de/10009024484
This analysis tests the price discovery relationship between sovereign CDS premia and bond yield spreads on the same reference entity. The theoretical no-arbitrage relationship between the two credit spreads is confronted with daily data from six Euro-area countries over the period 2004-2011. As...
Persistent link: https://www.econbiz.de/10009365646
We provide new evidence on the channels through which financial shocks are transmitted across international borders. Employing monthly data from 1996 to 2008 on over 1,000 developed country-domiciled mutual and hedge funds, we show that inflows and outflows experienced by these funds translate...
Persistent link: https://www.econbiz.de/10008458295
Despite current economic problems and conflicts - or perhaps as their cause - the concordance of policies among the major industrial countries in the first half of the 1980s in dealing with finance, trade and development is at a peak. This has been the result not so much of cooperation or...
Persistent link: https://www.econbiz.de/10005666448
This paper uses a large panel of financial flow data from banks to assess how institutions affect international lending. First, employing a time varying composite institutional quality index in a fixed-effects framework, the paper shows that institutional improvements are followed by significant...
Persistent link: https://www.econbiz.de/10005791241