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Trade in information technologies and changes in the demand for occupations
Jerbashian, Vahagn - 2021
I use data from the World Input-Output Database and show that trade in information technologies (IT) has a significant contribution to the growth in foreign intermediate goods in the 2001-2014 period. China has strongly contributed to the rise in trade in IT and has become one of the major...
Persistent link: https://www.econbiz.de/10012432986
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Macroeconomic factors and micro-level bank risk
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010
address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary … shocks. Risk of about 1/3 of all banks rises in response to a monetary loosening. The lending response of small, illiquid …
Persistent link: https://www.econbiz.de/10008697545
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Unemployment and finance : how do financial and labour market factors interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gaël - 2009
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10003923648
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Delegated monitors, large and small : the development of Germany s banking system, 1800 - 1914
Guinnane, Timothy - 2001
Banks play a greater role in the German financial system than in the UnitedStates or Britain. Germany s large universal banks are admired by those whoadvocate bank deregulation in the United States. Others admire the universalbanks for their supposed role in corporate governance and industrial...
Persistent link: https://www.econbiz.de/10011400344
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Analyzing systemic risk in the Chinese banking system
Huang, Qiubin; Haan, Jakob de; Scholtens, Bert - 2015
We examine systemic risk in the Chinese banking system by estimating the conditional value at risk (CoVaR), the … China. Although these measures show different patterns, our results suggest that systemic risk in the Chinese banking system … that Chinese banks are at greater risk according to the CoVaR, the SII and the VI approaches, but have the lowest MES. …
Persistent link: https://www.econbiz.de/10011342308
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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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The genesis of venture capital : lessons from the German experience
Becker, Ralf; Hellmann, Thomas - 2003
Why does venture capital work in some countries but not in others? This clinical study of the first German venture capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis identifies the problem of creating appropriate governance...
Persistent link: https://www.econbiz.de/10011506429
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The price of liquidity : bank characteristics and market conditions
Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - 2009
We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique to this paper, we also have data on individual banks' reserve requirements and actual reserve holdings, thus allowing us to gauge the extent to which a bank is short or long...
Persistent link: https://www.econbiz.de/10003817884
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Financial system architecture and the patterns of international trade
Amissah, Emmanuel Bentum; Bougheas, Spiros P.; Defever, … - 2016
Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a model featuring a possible two way relationship between countries' financial system architecture and their comparative advantage. Countries specialising in bank dependent sectors...
Persistent link: https://www.econbiz.de/10011492076
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Asymmetric monetary transmission in EMU : the robustness of VAR conclusions and Cecchettis̕ legal family theory
Elbourne, Adam (contributor); Haan, Jakob de (contributor) - 2004
We review studies on monetary transmission in the EU countries using the VAR approach and analyse why they often lead to divergent outcomes. Firstly, we estimate 43 VAR models across ten EU countries and compare the robustness of the ranking of the magnitudes of the price and output responses....
Persistent link: https://www.econbiz.de/10002521661