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Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission
Merkl, Christian; Stolz, Stéphanie - Institut für Weltwirtschaft (IfW) - 2006
provide evidence in favor of the bank capital channel theory. Banks holding less regulatory capital and less interbank …
Persistent link: https://www.econbiz.de/10005818925
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Register, issue, cap and trade: A proposal for ending current and future financial crises
Milne, Alistair - Institut für Weltwirtschaft (IfW) - 2012
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
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Modelling bank asset quality and profitability: An empirical assessment
Swamy, Vighneswara - Institut für Weltwirtschaft (IfW) - 2015
literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and … contrary to the general perception. Similarly, with regard to rural bank branches, the results reveal that aversion to rural … allows them to finish with lower levels of NPAs. Further, this study investigates the effect of determinants on profitability …
Persistent link: https://www.econbiz.de/10011263002
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Credit conditions indices: controlling for regime shifts in the Norwegian credit market
Jansen, Eilev S.; Krogh, Tord S. H. - Institut für Weltwirtschaft (IfW) - 2011
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
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The New Institutional Economics of Antitrust and Regulation
Bickenbach, Frank; Kumkar, Lars; Soltwedel, Rüdiger - Institut für Weltwirtschaft (IfW) - 1999
Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...
Persistent link: https://www.econbiz.de/10005755247
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Regulation of Europe's Network Industries: The Perspective of the New Economic Theory of Federalism
Bickenbach, Frank - Institut für Weltwirtschaft (IfW) - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10005755260
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Equity market liberalization, credit constraints and income inequality
Sun, Puyang; Sen, Somnath; Jin, Shujing - Institut für Weltwirtschaft (IfW) - 2012
This paper provides compelling evidence that equity market liberalization, the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the accumulation of human capital. We examine the impact...
Persistent link: https://www.econbiz.de/10010956105
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World Market Access of Emerging-Market Firms: the Role of Foreign Ownership and Access to External Finance
Raff, Horst; Trofimenko, Natalia - Institut für Weltwirtschaft (IfW) - 2013
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …
Persistent link: https://www.econbiz.de/10010886876
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Multinational Firms, Exclusivity, and the Degree of Backward Linkages
Lin, Ping; Saggi, Kamal - Institut für Weltwirtschaft (IfW) - 2005
This paper develops a two-tier oligopoly model in which the entry of a multinational firm results in technology transfer to its local suppliers and also impacts the degree of backward linkages in the local industry. The model endogenizes the multinational’s choice between anonymous market...
Persistent link: https://www.econbiz.de/10010886981
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Cross-Border Mergers and Greenfield Foreign Direct Investment
Stepanok, Ignat - Institut für Weltwirtschaft (IfW) - 2012
I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI and mergers and acquisitions (M&A). Working in a monopolistically competitive environment, merging firms do not reduce competition. Mergers are motivated by efficiency gains and...
Persistent link: https://www.econbiz.de/10010887012