Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...

Evidence on the interdependency between monetary policy and the state of the banking system is scarce. We suggest an integrated micro-macro approach with two core virtues. First, we measure the probability of bank distress directly at the bank level. Second, we integrate a microeconomic hazard...

Size matters in banking. In this paper, we explore whether shocks originating at large banks affect the probability of distress of smaller banks and thus the stability of the banking system. Our analysis proceeds in two steps. In a first step, we follow Gabaix (2008a) and construct a measure of...

This notes paper touches on Ethiopia's being one of nine countries Involvement in the international network PROLINNOVA (Promoting Local Innovation). The Ethiopian program set up multi-stakeholder teams in different agro climatic zones. The paper goes on to mention exhibition of local and modern...

Local innovation refers to the dynamics of IK - the knowledge that grows within a social group, incorporating learning from own experience over generations but also knowledge gained from other sources and fully internalized within local ways of thinking and doing. Local innovation is the process...

In recent years, many international development agencies and non-government organizations have renewed their efforts to provide and promote indigenous knowledge orientation in development planning and practice. These efforts emphasize local knowledge systems and practices as valuable resources...