Narrow search
Showing 1 - 10 of 792
Cover Image
Climate actions and stranded assets : the role of financial regulation and monetary policy
Diluiso, Francesca; Annicchiarico, Barbara; Kalkuhl, … - 2020
substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial … frictions and climate policy to study the risks a low-carbon transition poses to financial stability and the different … materialize. Financial regulation encouraging the decarbonization of the banks' balance sheets via tax-subsidy schemes …
Persistent link: https://www.econbiz.de/10012260638
Cover Image
Regulation, financial crises, and liberalization traps
Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
Cover Image
Systemic crisis and growth revisited : has the global financial crisis marked a new era?
Steinkamp, Sven; Westermann, Frank - 2018
Occasional crises have been shown to be part of growth enhancing mechanism (see Rancière, Tornell and Westermann, 2008). In this paper, we document that neither the stereotypical case study of India vs. Thailand, nor the benchmark growth-regression in this earlier research support this result...
Persistent link: https://www.econbiz.de/10011863602
Cover Image
The impact of financial (de-)regulation on current account balances
Moral-Benito, Enrique; Röhn, Oliver - 2014
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … investigate the relationship between financial market regulation and current account balances, an area for which limited empirical …
Persistent link: https://www.econbiz.de/10010436581
Cover Image
Boom-bust cycles in middle income countries : facts and explanation
Tornell, Aaron; Westermann, Frank - 2002
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the boom-bust cycle that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have witnessed...
Persistent link: https://www.econbiz.de/10011410453
Cover Image
Financial integration and European tourism stocks
Caporale, Guglielmo Maria; Yfanti, Stavroula; … - 2023
This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism sectors. Financial integration between the travel and leisure markets, measured by their dynamic correlations or co-movement, is explained by common global fundamentals. The...
Persistent link: https://www.econbiz.de/10013540847
Cover Image
The political economy of the G20 Agenda on financial regulation
Schuknecht, Ludger; Siegerink, Vincent - 2020
The paper empirically examines the implementation record of international financial regulation of the banking sector … externalities, creating a level playing field and preserving financial stability play a role in explaining the implementation record … 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
Cover Image
Informal care and the Great Recession
Costa-Font, Joan; Karlsson, Martin; Øien, Henning - 2015
Macroeconomic downturns can have an important impact on the availability of informal and formal long-term care. This paper investigates how the market for informal care changed during and after the Great Recession in Europe. We use data from the Survey of Health, Aging and Retirement in Europe,...
Persistent link: https://www.econbiz.de/10011288788
Cover Image
Risk, intermediate input prices and missing deflation during the Great Recession
Kara, Engin; Pirzada, Ahmed Jamal - 2015
During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing deflation puzzle. In this paper, we develop and estimate a New Keynesian Dynamic Stochastic General Equilibrium model to provide an explanation for the puzzle. The new model...
Persistent link: https://www.econbiz.de/10011292980
Cover Image
Do weak institutions prolong crises? : on the identification, characteristics, and duration of declines during economic slumps
Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - 2014
This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...
Persistent link: https://www.econbiz.de/10010234524