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computable general equilibrium model that explicitly allows for allowance banking and for a detailed cost-effectiveness analysis … still benefit from the intertemporal flexibility through the banking provision in the EU ETS by re-allocating emissions over …
Persistent link: https://www.econbiz.de/10011392634
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 structural transformation motivates the empirical approach. Since initial … banking access in 1817 may have been endogenously determined, we use instrumental variables to predict the location of country …
Persistent link: https://www.econbiz.de/10011342399
The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system seems to have been unable to aggregate existing information. As the events of Fall 2008 showed, many investors were caught off guard by the large number of banks collapsing...
Persistent link: https://www.econbiz.de/10010467356
cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population …, investors show no differences in their level of security concerns with either cash or commercial banking services. We find that …
Persistent link: https://www.econbiz.de/10012619271
the market; on the other hand, problems in the banking sector can send shock waves through the entire economy. Given this … prominent role, it is not surprising that Pereira and Rua (2018) found that the health of the banking sector exerts an influence …-financials is essential to evaluate the risk emanating from an unhealthy banking sector and should be considered in new regulatory …
Persistent link: https://www.econbiz.de/10013201699
effects of mergers and acquisitions in the banking sector to be modest. …
Persistent link: https://www.econbiz.de/10012698803
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks' portfolio...
Persistent link: https://www.econbiz.de/10012417442
The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...
Persistent link: https://www.econbiz.de/10011615740
play a major role in cutting credit to non-viable firms in downsizing sectors and in providing new credit to finance … investment in expanding, innovative sectors. Structural parameters of a country’s banking system thus influence comparative …
Persistent link: https://www.econbiz.de/10011941557
. Epidemic exposure is associated with an increase in remote-access (online/mobile) banking and substitution from bank branch …
Persistent link: https://www.econbiz.de/10012597099