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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 … externalities, creating a level playing field and preserving financial stability play a role in explaining the implementation record … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …

Persistent link: https://www.econbiz.de/10012824593

Regulation, Financial Crises, and Liberalization Traps

Marchionne, Francesco - 2019

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

Persistent link: https://www.econbiz.de/10012866557

Systemic Risk and the Great Depression

Das, Sanjiv Ranjan - 2019

We employ a unique hand-collected dataset and a novel methodology to examine systemic risk before and after the largest U.S. banking crisis of the 20th century. Our systemic risk measure captures both the credit risk of an individual bank as well as a bank’s position in the network. We...

Persistent link: https://www.econbiz.de/10012892160

Switching-Track after the Great Recession

Vinci, Francesca; Licandro, Omar - 2021

We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...

Persistent link: https://www.econbiz.de/10013224093

Uncertainty and Monetary Policy During the Great Recession

Pellegrino, Giovanni; Castelnuovo, Efrem; Caggiano, Giovanni - 2021

We employ a nonlinear VAR framework and a state-of-the-art identification strategy to document the large response of real activity to a financial uncertainty shock during and in the aftermath of the great recession. We replicate this evidence with an estimated DSGE framework featuring a concept...

Persistent link: https://www.econbiz.de/10013235107

Is the German Mittelstand More Resistant to Crises? Empirical Evidence from the Great Recession

Berlemann, Michael; Jahn, Vera; Lehmann, Robert - 2021

Germany’s comparatively good economic performance throughout the Great Recession of the years 2008/2009 is often attributed to the business model of the German Mittelstand firm. Somewhat surprisingly, this claim has never been backed by empirical evidence. In this paper we use micro panel data...

Persistent link: https://www.econbiz.de/10013314765

Multinational Production and Global Shock Propagation During the Great Recession

Li, Haishi - 2023

Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession? What role did MP and trade links play in propagating economic shocks across countries? I resolve the “Multinationals’ Resilience Puzzle” during the Great Recession by...

Persistent link: https://www.econbiz.de/10014358332

Financial Cycles, Credit Bubbles and Stabilization Policies

Corrado, Luisa - 2019

This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking sector. We augment a New Keynesian macroeconomic framework by endogenizing boundedly-rational expectations on asset values of loan portfolios and allow for interbank trading. We...

Persistent link: https://www.econbiz.de/10012892165

Financial Decisions and Financial Regulation : Three Concepts of Performance Based Regulation

Dulleck, Uwe - 2020

This chapter discusses the basis for and concepts of implementing performance based measures in financial regulation …

Persistent link: https://www.econbiz.de/10012844417

Rescue Policies for Small Businesses in the COVID-19 Recession

Nola, Alessandro Di; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013293851

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