Showing 1 - 10 of 101
The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....
Persistent link: https://www.econbiz.de/10005700574
An evolutionary model of the bank size distribution is presented based on the exchange and expansion of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The key idea of the theory is to regard the creation of money as a slow...
Persistent link: https://www.econbiz.de/10010956102
The interaction between financial markets and the macroeconomy can be strongly affected by changes in credit market regulations. In order to take account of these effects the authors control explicitly for regime shifts in a system of debt equations for Norway using a common, flexible trend. The...
Persistent link: https://www.econbiz.de/10009025225
A fundamental cause of the global financial crisis was excessive creation of short-term money-like liabilities (quasi-money), notably in shadow banking holdings of sub-prime MBS and other US dollar structured credit instruments and in cross-border flow of capital to the uncompetitive Euro area...
Persistent link: https://www.econbiz.de/10010956136
literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and … allows them to finish with lower levels of NPAs. Further, this study investigates the effect of determinants on profitability …, and establishes that while capital adequacy and investment activity significantly affect the profitability of commercial …
Persistent link: https://www.econbiz.de/10011263002
The aim of this paper is to assess how German savings banks adjust capital and risk under capital regulation. We estimate a modified version of the model developed by Shrieves and Dahl (1992). In comparison to former research, we impose fewer restrictions with regard to the impact of regulation...
Persistent link: https://www.econbiz.de/10005700567
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...
Persistent link: https://www.econbiz.de/10005818925
The German financial system is characterized by lower degrees of penetration by foreign commercial banks and of (bank) disintermedation than, for instance, that of the United States. These differences could be attributed to the fact that universal banking in Germany creates implicit barriers to...
Persistent link: https://www.econbiz.de/10005700520
Trade, foreign direct investment and the existence of multinational enterprises are often analyzed in separate model, which are frequently based on mutually exclusive assumptions. The paper integrates several features of international economic exchange into one general equilibrium model. This...
Persistent link: https://www.econbiz.de/10009277662
protection charges a price equal to the marginal cost. In addition, if imitated technologies exhibit a labor spillover effect …
Persistent link: https://www.econbiz.de/10011122552