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Banking Crises
Grossman, Richard S. - 2016
major sets of crises (post-World War I crisis and the Great Depression); the post-World War II financial lock-down, which …
Persistent link: https://www.econbiz.de/10012988973
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Central Bank Swap Lines
Bahaj, Saleem - 2018
shows that the swap line mimics discount-window credit from the source central bank to the recipient-country banks using the … recipient central bank as the bearer of the credit risk. Second, from the perspective of the transmission of monetary policy, it …
Persistent link: https://www.econbiz.de/10012912674
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Central Banking and Financial Stability in the Long Run
Cao, Jin - 2013
Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank's welfare decreases with …
Persistent link: https://www.econbiz.de/10013080504
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Too Many Cooks? Committees in Monetary Policy
Berger, Helge - 2013
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...
Persistent link: https://www.econbiz.de/10012753618
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Central Bank Boards Around the World : Why Does Membership Size Differ?
Berger, Helge - 2013
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as … 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger …
Persistent link: https://www.econbiz.de/10012754018
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Banking and Industrialization
Heblich, Stephan - 2015
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10013014356
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Banking Panics and Liquidity in a Monetary Economy
Matsuoka, Tarishi - 2018
inflation on the equilibrium deposit and the bank's portfolio …
Persistent link: https://www.econbiz.de/10012930807
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The Deterrence Effect of Whistleblowing : An Event Study of Leaked Customer Information from Banks in Tax Havens
Johannesen, Niels - 2018
We document that the first leak of customer information from a tax haven bank caused a sudden flight of deposits from …
Persistent link: https://www.econbiz.de/10012928123
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Trading Offshore : Evidence on Banks' Tax Avoidance
Langenmayr, Dominika - 2017
profit shifting channels different from those of other firms. We propose a novel and bank-specific method of profit shifting … bank, we show that a one percentage point lower corporate tax rate increases banks' fixed-income trading assets by 4.0% and …
Persistent link: https://www.econbiz.de/10012945103
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Stock Markets, Banks and Long Run Economic Growth : A Panel Cointegration-Based Analysis
Cavenaile, Laurent - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10013071385