Narrow search
Showing 1 - 10 of 605
Cover Image
What Does Peer-to-Peer Lending Evidence Say About the Risk-Taking Channel of Monetary Policy?
Huang, Yiping - 2019
This paper uses loan application-level data from a peer-to-peer lending platform to study the risk-taking channel of monetary policy. By employing a direct ex-ante measure of risk-taking and estimating the simultaneous equations of loan approval and loan amount, we are the first to provide...
Persistent link: https://www.econbiz.de/10012861380
Cover Image
Bitcoin Price Co-Movements and Culture
Caporale, Guglielmo Maria - 2020
-movements and exchange shutdowns in 34 major countries around the world over the period 20 July 2010 – 5 February 2020. Under the … behaviour of investors and on Bitcoin price co-movements. Further, the probability of Bitcoin exchanges shutdowns is higher in …
Persistent link: https://www.econbiz.de/10012841932
Cover Image
Commodity Price Effects on Currencies
Cheung, Yin-Wong; Wang, Wenhao - 2022
during alternative time periods. We find that the commodity price effect is non-uniform across countries and commodity … sectors, and moreover varies over time. The use of fixed weight price indexes, or nominal exchange rates and commodity prices …, also yields heterogeneous commodity price effects. Further, the pattern of commodity price effects is influenced by the …
Persistent link: https://www.econbiz.de/10014244327
Cover Image
Trade and Credit Reallocation : How Banks Help Shape Comparative Advantage
Keuschnigg, Christian - 2019
Trade and innovation cause structural change. Productive factors must flow from declining to growing industries. Banks play a major role in cutting credit to non-viable firms in downsizing sectors and in providing new credit to finance investment in expanding, innovative sectors. Structural...
Persistent link: https://www.econbiz.de/10012892187
Cover Image
On the Preferred Creditor Status of Multilateral Development Banks
Amegashie, J. Atsu - 2023
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring …
Persistent link: https://www.econbiz.de/10014347019
Cover Image
Have Capital Market Anomalies Worldwide Attenuated in the Recent Era of High Liquidity and Trading Activity?
Auer, Benjamin R. - 2018
We revisit and extend the study by Chordia et al. (2014) which documents that, in recent years, increased liquidity has significantly decreased exploitable returns of capital market anomalies in the US. Using a novel international dataset of arbitrage portfolio returns for four well-known...
Persistent link: https://www.econbiz.de/10012908691
Cover Image
The Political Economy of the G20 Agenda on Financial Regulation
Schuknecht, Ludger - 2020
The paper empirically examines the implementation record of international financial regulation of the banking sector. The study finds that the size of the banking sector and the presence of global systemically important banks (G-SIBs) are positively associated with a stronger implementation...
Persistent link: https://www.econbiz.de/10012824593
Cover Image
What Drives Financial Development? A Meta-Regression Analysis
Doucouliagos, Chris - 2020
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012830987
Cover Image
Financial Development and Export Concentration
Unger, Florian - 2023
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into a trade model with heterogeneous exporters and endogenous quality choice. The model predicts that financial development increases innovation activity and export shares of larger...
Persistent link: https://www.econbiz.de/10014255423
Cover Image
Consumer Debt and Default : A Macro Perspective
Exler, Florian - 2020
In this survey, we review the quantitative macroeconomic literature analyzing consumer debt and default. We start by providing an overview of consumer bankruptcy law in the US and document the relevant institutional changes over time. We proceed with a comprehensive empirical section, describing...
Persistent link: https://www.econbiz.de/10012841141