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Tech in Fin Before FinTech : Blessing or Curse for Financial Stability?
Pierri, Nicola - 2020
adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a … novel dataset that provides information on hardware used in US commercial bank branches after mapping them to their parent … bank. We find that higher intensity of IT-adoption led to significantly lower non-performing loans when the crisis hit …
Persistent link: https://www.econbiz.de/10012842385
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Softening the Blow : U.S. State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock
Ruslanova, Lilia; Hoffmann, Mathias - 2021
granular bank-county-level data, we show that household consumption smoothing in response to the CTS was easier in financially …
Persistent link: https://www.econbiz.de/10013243243
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How should financial intermediation services be taxed?
Lockwood, Benjamin - 2010
This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...
Persistent link: https://www.econbiz.de/10010274744
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Expecting Brexit
Dhingra, Swati; Sampson, Thomas - 2022
The Brexit vote precipitated the unravelling of the UK's membership of the world's deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...
Persistent link: https://www.econbiz.de/10013177575
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Labour Market Power and the Dynamic Gains to Openness Reforms
Jha, Priyaranjan; Rodríguez López, Antonio; Spencer, … - 2023
We develop a dynamic general equilibrium framework with firm heterogeneity and monopsonistic labour markets, for quantification of the impact of trade and FDI liberalisation episodes. Firms make standard extensive margin investment choices into exporting and multinational statuses. The labour...
Persistent link: https://www.econbiz.de/10014290157
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Expecting Brexit
Dhingra, Swati; Sampson, Thomas - 2022
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...
Persistent link: https://www.econbiz.de/10013306955
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Labour Market Power and the Dynamic Gains to Openness Reforms
Jha, Priyaranjan; Rodriguez-Lopez, Antonio; Spencer, Adam - 2023
We develop a dynamic general equilibrium framework with firm heterogeneity and monopsonistic labour markets, for quantification of the impact of trade and FDI liberalisation episodes. Firms make standard extensive margin investment choices into exporting and multinational statuses. The labour...
Persistent link: https://www.econbiz.de/10014262030
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The Impact of Fintech Startups on Financial Institutions' Performance and Default Risk
Haddad, Christian; Hornuf, Lars - 2021
We examine the impact of fintech start-ups on the performance and default risk of traditional financial institutions. We find a positive relationship between fintech start-up formations and incumbent institutions’ performance for the period 2005–2018 and a large sample of financial...
Persistent link: https://www.econbiz.de/10013229697
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The International Transmission of Monetary Policy
Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda; … - 2018
.S. policies, and bank-specific heterogeneity influences the magnitudes of transmission. The effects are supportive of the … international bank lending channel and the portfolio channel of monetary policy transmission. They also show that the frictions that …. The forms of bank balance sheet heterogeneity that differentiate spillovers across banks are not uniform across countries …
Persistent link: https://www.econbiz.de/10011887415
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Holes in the Dike: The Global Savings Glut, U.S. House Prices and the Long Shadow of Banking Deregulation
Hoffmann, Mathias; Stewen, Iryna - 2015
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2012. To obtain an ex ante measure of financial liberalization, we focus on the history...
Persistent link: https://www.econbiz.de/10010531822