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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
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Regulation, Financial Crises, and Liberalization Traps
Marchionne, Francesco - 2019
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012866557
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Financial Policymaking after Crises : Public vs. Private Interests
Saka, Orkun; Ji, Yuemei; De Grauwe, Paul - 2021
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead to government interventions in financial markets. Consistent with a public...
Persistent link: https://www.econbiz.de/10013224071
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Quantifying Domestic Violence in Times of Crisis
Anderberg, Dan; Rainer, Helmut; Siuda, Fabian - 2021
We propose a model that (i) provides an algorithm for measuring temporal variation in domestic violence incidence based on internet search activity and (ii) makes precise the conditions under which this measure yields less biased estimates of the domestic violence problem during periods of...
Persistent link: https://www.econbiz.de/10013315247
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Multinational Production and Global Shock Propagation During the Great Recession
Li, Haishi - 2023
. The MP links significantly amplified the impact of these shocks on the rest of the world, which had a much greater impact …
Persistent link: https://www.econbiz.de/10014358332
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Asset Diversification Versus Climate Action
Hambel, Christoph - 2020
. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …
Persistent link: https://www.econbiz.de/10012825992
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Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index
Gozgor, Giray; Paramati, Sudharshan Reddy - 2021
system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …
Persistent link: https://www.econbiz.de/10013215675
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Modigliani Meets Minsky : Inequality, Debt, and Financial Fragility in America, 1950-2016
Bartscher, Alina K. - 2020
This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and financial fragility. We exploit a new household-level dataset that covers the joint distributions of debt, income, and wealth in the United States over the past seven decades. The...
Persistent link: https://www.econbiz.de/10012834359
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Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
Hanspal, Tobin - 2020
We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age, desired working hours, and household debt, but have...
Persistent link: https://www.econbiz.de/10012835653
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Contagion of Fear
Mitchener, Kris James - 2020
The Great Depression is infamous for banking panics, which were a symptomatic of a phenomenon that scholars have labeled a contagion of fear. Using geocoded, microdata on bank distress, we develop metrics that illuminate the incidence of these events and how banks that remained in operation...
Persistent link: https://www.econbiz.de/10012838241