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Financial Protectionism: the First Tests
Rose, Andrew K; Wieladek, Tomasz - C.E.P.R. Discussion Papers - 2011
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom … credit guarantees, or received capital injections. We use standard empirical panel-data techniques to study the "loan mix …," 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
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A Gravity Model of International Lending: Trade, Default and Credit
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2002
One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with which they share closer trade links. We develop a simple theoretical model to capture this...
Persistent link: https://www.econbiz.de/10005789181
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A Gold Standard Isn't Viable Unless Supported by Sufficiently Flexible Monetary and Fiscal Policy
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1986
The paper studies an idealized gold standard in a two-country setting. Unless national policies for domestic credit …
Persistent link: https://www.econbiz.de/10005497804
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Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations
Ljungqvist, Alexander P.; Marston, Felicia; Wilhelm Jr, … - C.E.P.R. Discussion Papers - 2003
the endogeneity of analyst behaviour and the bank’s decision to provide analyst coverage. Contrary to recent allegations …, we find no evidence that aggressive analyst recommendations or recommendation upgrades increased a bank’s probability of …
Persistent link: https://www.econbiz.de/10005067469
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Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation
Neven, Damien J - C.E.P.R. Discussion Papers - 1989
bank strategies in terms of the quality of service they choose to offer, in terms of the number and locations of their …
Persistent link: https://www.econbiz.de/10005281299
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Competition in Spanish Banking
Caminal, Ramon; Gual, Jordi; Vives, Xavier - C.E.P.R. Discussion Papers - 1989
We assess the state of competition in the Spanish banking system at the dawn of the integration of the European financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has accelerated recently, evolving from a situation of tight...
Persistent link: https://www.econbiz.de/10005792462
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Education, HIV, and Early Fertility: Experimental Evidence from Kenya
Duflo, Esther; Dupas, Pascaline; Kremer, Michael - C.E.P.R. Discussion Papers - 2015
A seven-year randomized evaluation suggests education subsidies reduce adolescent girls’ dropout, pregnancy, and marriage but not sexually transmitted infection (STI). The government’s HIV curriculum, which stresses abstinence until marriage, does not reduce pregnancy or STI. Both programs...
Persistent link: https://www.econbiz.de/10011145417
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Bubbles and Central Banks: Historical Perspectives
Brunnermeier, Markus K; Schnabel, Isabel - C.E.P.R. Discussion Papers - 2015
This paper reviews some of the most prominent asset price bubbles from the past 400 years and documents how central banks (or other institutions) reacted to those bubbles. The historical evidence suggests that the emergence of bubbles is often preceded or accompanied by an expansionary monetary...
Persistent link: https://www.econbiz.de/10011249380
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Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages between these …
Persistent link: https://www.econbiz.de/10004969128
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Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
combines 2008 changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages …
Persistent link: https://www.econbiz.de/10008528523