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An empirical assessment of fintechs heterogeneous transmission channels to financial development among African economies

Okoli, Tochukwu Timothy; Tewari, Devi D. - In: Cogent economics & finance 8 (2020) 1, pp. 1-18

The poor use of innovations for financial service delivery among African banks has limited the extent of financial development in the continent. Consequently, financial authorities seeks for a technology-enabled financial solution; an area not well covered in literature. This study therefore,...

Persistent link: https://www.econbiz.de/10013179597

Repo Market Functioning : The Role of Capital Regulation

Horen, Neeltje van - 2018

This paper shows that the leverage ratio affects repo intermediation for banks and non-bank financial institutions. We exploit a novel regulatory change in the UK to identify an exogenous intensification of the leverage ratio and combine this with supervisory transaction-level data capturing the...

Persistent link: https://www.econbiz.de/10012913473

Does group-based incentive pay lead to higher productivity? : evidence from a complex and interdependent industrial production process

Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; … - 2022

paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using … difference-in-difference estimation. Performance increased by 19 percent, with three quarters coming from increased performance … little evidence of freeriding; quantile regressions show increased performance throughout the distribution of workers …

Persistent link: https://www.econbiz.de/10012804137

The joint dynamics of sovereign ratings and government bond yields

Shagi, Makram el-; Schweinitz, Gregor von - 2015

In the present paper, we build a bivariate semiparametric dynamic panel model to reproduce the joint dynamics of sovereign ratings and government bond yields. While the individual equations resemble Pesaran-type cointegration models, we allow for different long-run relationships in both...

Persistent link: https://www.econbiz.de/10010519261

The macroeconomics of labor and credit market imperfections

Wasmer, Etienne; Weil, Philippe - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10011336864

The extent and cyclicality of career changes : evidence for the UK

Carrillo-Tudela, Carlos; Hobijn, Bart; She, Powen; … - 2014

Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....

Persistent link: https://www.econbiz.de/10010403494

The effects of credit status on college attainment and college completion

Gicheva, Dora; Ionescu, Felicia; Simpson, Nicole B. - 2012

College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as...

Persistent link: https://www.econbiz.de/10009568588

Estimating Probability Distributions of Future Asset Prices : Empirical Transformations from Option-Implied Risk-Neutral to Real-World Density Functions

de Vincent-Humphreys, Rupert - 2012

The prices of derivatives contracts can be used to estimate ‘risk-neutral' probability density functions that give an indication of the weight investors place on different future prices of their underlying assets, were they risk-neutral. In the likely case that investors are risk-averse, this...

Persistent link: https://www.econbiz.de/10013104539

Systematic Tail Risk

Harris, Richard D. F. - 2016

We propose new systematic tail risk measures constructed using two different approaches. The first extends the canonical downside beta and co-moment measures, while the second is based on the sensitivity of stock returns to innovations in market crash risk. Both tail risk measures are associated...

Persistent link: https://www.econbiz.de/10012977194

Evaluating the Robustness of UK Term Structure Decompositions Using Linear Regression Methods

Malik, Sheheryar - 2014

, however, results in inferior performance using UK data, as measured by standard specification tests and the economic …

Persistent link: https://www.econbiz.de/10013043012

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