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Credit market imperfections, financial structure and economic activity : an overview of empirical findings

Barrán Cabrera, Fernando - 1994

Persistent link: https://www.econbiz.de/10000888170

International comovements, business cycle and inflation: a historical perspective

Mumtaz, Haroon; Simonelli, Saverio; Surico, Paolo - 2009

-run panel of real and nominal variables. First, the contribution of world comovements to domestic output growth has decreased …

Persistent link: https://www.econbiz.de/10003882168

Macroeconomic stability and the real interest rate : a cross-country analysis

Groth, Charlotta; Zampolli, Fabrizio - 2010

We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real … interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that … that a rise in conditional consumption growth volatility relative to the rest of the world reduces the foreign exchange …

Persistent link: https://www.econbiz.de/10008695840

Growth and the quality of foreign direct investment : is all FDI equal?

Alfaro, Laura (contributor); Charlton, Andrew (contributor) - 2007

Persistent link: https://www.econbiz.de/10003576515

Inflation and growth : new evidence from a dynamic panel threshold analysis

Kremer, Stephanie; Bick, Alexander; Nautz, Dieter - 2009

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...

Persistent link: https://www.econbiz.de/10003876000

Growth miracles and failures in a Markov switching classification model of growth

Kerekes, Monika - 2009

Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...

Persistent link: https://www.econbiz.de/10003876023

The spillovers, interactions, and (un)intended consequences of monetary and regulatory policies

Forbes, Kristin; Reinhardt, Dennis; Wieladek, Tomasz - 2016

Have bank regulatory policies and unconventional monetary policies - and any possible interactions - been a factor behind the recent "deglobalisation" in cross-border bank lending? To test this hypothesis, we use bank-level data from the United Kingdom - a country at the heart of the global...

Persistent link: https://www.econbiz.de/10011415783

The winner's curse : evidence on the danger of aggressive credit growth in banking

Kick, Thomas; Pausch, Thilo; Ruprecht, Benedikt - 2015

Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro-prudential regulation lacks a clear methodology to identify these banks. Combining arguments from banking and auction theory, we show that overoptimism causes excessive lending, subsequently...

Persistent link: https://www.econbiz.de/10011339814

Understanding global liquidity

Eickmeier, Sandra; Gambacorta, Leonardo; Hofmann, Boris - 2013

We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...

Persistent link: https://www.econbiz.de/10009720899

Trapped factors and China's impact on global growth

Bloom, Nicholas; Romer, Paul Michael; Terry, Stephen; … - 2014

Persistent link: https://www.econbiz.de/10010340169