Showing 1 - 10 of 316
The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper …
Persistent link: https://www.econbiz.de/10010790259
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This paper proposes a methodology for compiling internationally comparable estimates of investor holdings of sovereign debt. Based on this...
Persistent link: https://www.econbiz.de/10011142015
We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm, capital constrained, and with...
Persistent link: https://www.econbiz.de/10011142044
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sectorâ … estate investment in China—though a low-probability event—would be sizable, with large spillovers to a number of Chinaâ … and the rest of the G20 economies, we find that a 1-percent decline in China’s real estate investment would shave about …
Persistent link: https://www.econbiz.de/10011142057
Over the last two decades, cash holdings in nonfinancial firms around the world have increased. This phenomenon is …-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash … at the expense of investment and dividends, hampering this transition. The evidence suggests that cash accumulation is …
Persistent link: https://www.econbiz.de/10011142082
analyzes financial market spillovers over the period 2001-12 through four channels: bilateral portfolio investment, bilateral … greater amount of portfolio investment assets, they should strengthen prudential regulations to mitigate against rising risks …
Persistent link: https://www.econbiz.de/10011142111
intangible intensity. We estimate our model using temporary investment tax incentive policies in the United States in the early … 2000s. When the q-model accounts for intangible assets, the estimated investment elasticity to tax incentives is generally …
Persistent link: https://www.econbiz.de/10011142115
This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth …. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand … will undo positive investment effects of a rate cut. Alternative revenue sources include higher consumption and property …
Persistent link: https://www.econbiz.de/10011142126
around 3¼ percent, but growth could reach 4-5 percent with strong pro-active policies including (i) improving investment and … savings rates; (ii) improving the efficiency of social spending and public enterprise reforms; (iii) investment in education …
Persistent link: https://www.econbiz.de/10011142138
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic … growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …
Persistent link: https://www.econbiz.de/10011142140