Narrow search
Showing 1 - 10 of 424
Cover Image
Credit constraints and distance, what room for Central banking? The French experience (1880-1913)
Bazot, Guillaume - HAL - 2010
supply and demand to generate a network. Access to “central loans” hence reduced liquidity constraints and encouraged local … our hypothesis using panel econometric tools. The results show the Banque de France branches having a strong and robust …
Persistent link: https://www.econbiz.de/10010739002
Cover Image
Does Inflation Targeting Improve Fiscal Discipline? An Empirical Investigation
Tapsoba, Rene - HAL - 2011
Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four contributions to the literature. Firstly, by applying the 2SLS...
Persistent link: https://www.econbiz.de/10008794278
Cover Image
Monetary policy, risk-taking channel and income structure: an empirical assessment of the French banking system
Eid, Samer - HAL - 2011
of assets, income and cash flows, or the abundant liquidity at a low cost. This paper studies the risk behavior of the …
Persistent link: https://www.econbiz.de/10010898454
Cover Image
Transition to Equilibrium in International Trades
Giraud, Gaël; Rochon, Céline - HAL - 2010
Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10010635004
Cover Image
Collateral monetary equilibrium with liquidity constraints in an infinite horizon economy
Pham, Ngoc-Sang - HAL - 2013
the liquidity trap. …
Persistent link: https://www.econbiz.de/10011026009
Cover Image
Liquidity Constraints, Fiscal Externalities and Optimal Tuition Subsidies
Lawson, Nicholas - HAL - 2014
existence of liquidity constraints among student borrowers. This paper provides a first attempt to gauge the relative importance … policy is not sensitive to the extent of liquidity constraints among students. …
Persistent link: https://www.econbiz.de/10010933888
Cover Image
Monetary Policy and Corporate Investment in France
Chatelain, Jean-Bernard; Tiomo, Andre - HAL - 2003
capital and of liquidity constraint variables (cash flow or cash stock) on the stock of capital from 1990 to 1999. The user …
Persistent link: https://www.econbiz.de/10010738572
Cover Image
Monetary policy under finite speed of trades and myopia
Giraud, Gaël; Orntangar, Nguenamadji - HAL - 2011
households' long-term debt and current gains-to-trade. Below this growth rate, the economy falls into a local liquidity trap … fashion. As a consequence, a literal application of Taylor's rule leads the economy to a local liquidity trap. These findings …
Persistent link: https://www.econbiz.de/10010635014
Cover Image
Financial crashes versus liquidity trap : the dilemma of monetary policy
Giraud, Gaël - HAL - 2010
condition : 1) either the economy enters a liquidity trap in the first period ; 2) or the money injected by the Central Bank …'s golden rule, nor the Taylor rule turn out to be compatible with the third scenario : Both inevitable lead to a liquidity trap …
Persistent link: https://www.econbiz.de/10010635211
Cover Image
Debt-Deflation versus the Liquidity Trap : the Dilemma of Nonconventional Monetary Policy
Giraud, Gaël; Pottier, Antonin - HAL - 2012
, only three scenarios are compatible with the equilibrium condition : 1) either the economy enters a liquidity trap in the … Fisher's debt deflation theory as being distinct from Keynes' liquidity trap. …
Persistent link: https://www.econbiz.de/10011025794