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Environmental Policy Design and the Fragmentation of International Markets for Innovation

Johnstone, Nick - 2014

world economy. For a given level of policy stringency, countries with more flexible environmental policies are more likely … to generate innovations which are diffused widely and are more likely to benefit from innovations generated elsewhere …

Persistent link: https://www.econbiz.de/10013071223

Banking market structure and macroeconomic stability : are low-income countries special?

Bremus, Franziska; Buch, Claudia M. - 2014

Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low-income countries? Banking markets in low-income countries differ from those in developed market economies. Banking systems in lower-income countries are typically smaller and less...

Persistent link: https://www.econbiz.de/10010471853

Revisiting the finance and growth nexus : a deeper look at sectors and instruments

Unger, Robert - 2019

This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...

Persistent link: https://www.econbiz.de/10011962798

The effects of regional banks on economic resilience during the COVID-19 pandemic and the global financial crisis a cross-country comparison of the European countries

Flögel, Franz; Hejnová, Tereza - 2021

An economy's ability to resist adverse shocks, such as an economic recession or natural disaster, is associated with its financial system structure due to different countercyclical funding capabilities. This paper uses a novel database of bank headquarter locations in a cross-country comparison...

Persistent link: https://www.econbiz.de/10012793620

Macro to the rescue? : an analysis of macroprudential instruments to regulate housing credit

Falter, Alexander - 2019

This paper builds a macro model with a financial sector and a housing market to understand the transmission and effects of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio (LTV), a countercyclical capital buffer (CCyB)-style...

Persistent link: https://www.econbiz.de/10012034723

Brexit and Uncertainty in Financial Markets

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Trani, … - 2021

This paper applies long-memory techniques (both parametric and semi-parametric) to examine whether Brexit has led to any significant changes in the degree of persistence of the FTSE 100 Implied Volatility Index (IVI) and of the British pound’s implied volatilities (IVs) vis-à-vis the main...

Persistent link: https://www.econbiz.de/10013315435

Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries

Samargandi, Nahla - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10013054321

Natural resources, demand for external finance and financial development

Hattendorff, Christian - 2014

The paper contributes to the ongoing debate on the natural resource curse, which postulates a negative link between natural resource abundance and economic growth. It shows empirically that resource-rich countries appear to have a less developed financial system and investigates a potential...

Persistent link: https://www.econbiz.de/10010433905

Investment in Productivity and the Long-Run Effect of Financial Crisis on Output

Ridder, Maarten de - 2017

suggests that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap … the Global Financial Crisis, I show that tight credit reduced investments in productivity-enhancement, and significantly ….2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level …

Persistent link: https://www.econbiz.de/10012964611

The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom

Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019

conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …

Persistent link: https://www.econbiz.de/10012055479