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Money, credit and banking
Berentsen, Aleksander (contributor);  … - 2005
' liquidity constraints. We also demonstrate that increasing the rate of inflation can be welfare improving when credit rationing …
Persistent link: https://www.econbiz.de/10003297591
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How money relates to value? : an empirical examination on gold, silver and bitcoin
Alves, José; Gonçalves, João Quental - 2022
our problem allowing us to ask how old forms of money such as Gold and Silver hold up in today's world regarding their … certain types of "money assets" may serve both as an indirect hedge against inflation in the two interpretations of the word …The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why …
Persistent link: https://www.econbiz.de/10013170942
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Money is the root of asset bubbles
Awaya, Yu; Iwasaki, Kohei; Watanabe, Makoto - 2024
not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …
Persistent link: https://www.econbiz.de/10014467370
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A cross-country empirical analysis of international reserves
Cheung, Yin-Wong; Itō, Hiro - 2009
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10003850507
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Financial reform and banking crises
Shehzad, Choudhry Tanveer - 2009
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10003922715
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Investment in relationship-specific assets : does finance matter?
Strieborny, Martin; Kukenova, Madina - 2011
Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents underinvest in relationship-specific assets. We look beyond this well-know holdup problem and argue that financial vulnerability and short-term planning horizon can also lead to such...
Persistent link: https://www.econbiz.de/10009010059
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The political economy of financial systems : evidence from suffrage reforms in the last two centuries
Degryse, Hans; Lambert, Thomas; Schwienbacher, Armin - 2013 - This version: August 23, 2013
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10010223450
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Granularity in banking and growth : does financial openness matter?
Bremus, Franziska; Buch, Claudia M. - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10009786228
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Is the relationship between financial development and economic growth monotonic? : evidence from a sample of middle income countries
Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - 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/10010340261
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Financial development and inequality in the global economy
Ehrlich, Maximilian von; Seidel, Tobias - 2016
We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...
Persistent link: https://www.econbiz.de/10011434439