Showing 1 - 10 of 93
Financial inclusion and financial literacy are receiving increasing attention for their potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. In general, the progress of financial inclusion and financial development in...
Persistent link: https://www.econbiz.de/10011944262
Financial inclusion is receiving increasing attention for its potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. Although substantial progress has been made, there is still much to achieve. East Asia, the Pacific, and...
Persistent link: https://www.econbiz.de/10011653793
This study analyzes the magnitude of the US monetary policy spillover on the Indonesian local currency government bond yield, particularly when the Federal Reserve (Fed) implemented the quantitative easing (QE), tapering off, Fed fund rate (FFR) normalization, and quantitative tightening over...
Persistent link: https://www.econbiz.de/10014540420
This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that finance their investments and production only through banking loans, and high-carbon emission...
Persistent link: https://www.econbiz.de/10011944265
Cash is an extremely useful social contrivance. Two possible drawbacks of high-denomination cash have recently been discussed by Kenneth Rogoff in his book The Curse of Cash, and echoed by other economists. They are the extensive use of high-denomination cash by criminals and others engaged in...
Persistent link: https://www.econbiz.de/10011688702
This paper reviews the effectiveness of unconventional monetary policies and their relevance for emerging markets. Such policies may be useful either when interbank rates fall to zero, or when a credit crunch or rise in risk premium impairs the normal transmission mechanism of monetary policy....
Persistent link: https://www.econbiz.de/10010279832
success of microfinance around the world, a large number of commercial banks have made a profitable business out of this … sector. This paper explores various business models by commercial banks in microfinance and provides policy implications for … Thailand. By making use of commercial banks' competitive advantage, Thailand can create a more market-friendly environment for …
Persistent link: https://www.econbiz.de/10011653785
This paper investigates the determinants of corporate green bond issuance using annual firm-level data for 300 issuers of green bonds, which issued green bonds over the period 2017-2021. Using the Poisson fixed-effects models we find that bond-specific characteristics, such as maturity, coupon...
Persistent link: https://www.econbiz.de/10015051829
"), (2) the improved recovery and resolution regimes for global banks, and (3) the development of supervisory colleges of …
Persistent link: https://www.econbiz.de/10010397203
This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. The responses of six Asian countries with different legal histories to financial crises that posed similar challenges are of both legal and economic interest. We first provide a...
Persistent link: https://www.econbiz.de/10010397205