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We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth...
Persistent link: https://www.econbiz.de/10011587915
rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
Persistent link: https://www.econbiz.de/10011952114
This paper empirically analyses the motives underlying progress in implementing multilateral tax transparency standards. The results point to the protection of domestic special interests as a potential motive behind slower and less rigorous implementation. In particular, jurisdictions with a...
Persistent link: https://www.econbiz.de/10012415416
The paper empirically examines the implementation record of international financial regulation of the banking sector …. The study finds that the size of the banking sector and the presence of global systemically important banks (G-SIBs) are … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …
Persistent link: https://www.econbiz.de/10012263373
What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
Persistent link: https://www.econbiz.de/10011966668
of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …
Persistent link: https://www.econbiz.de/10009786228
In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is on studies that use network analysis paying...
Persistent link: https://www.econbiz.de/10010344807
This paper examines the impact of the global financial crisis on the banking sector in the Middle East and North Africa …
Persistent link: https://www.econbiz.de/10011481871
volume of loans and the employment in banking. We also show that the general presumption that the VAT-exemption is beneficial …
Persistent link: https://www.econbiz.de/10010509630
This paper analyzes the development of the banking sector in European transition countries. We find that, although bank … major players in the financial system of these countries. However, foreign bank presence and financial development in … than domestic banks. Furthermore, it appears that foreign and domestic bank performance tend to converge. …
Persistent link: https://www.econbiz.de/10011404323