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Evans, Lewis T.; Keef, Stephen P.; Okunev, John - 1992

Persistent link: https://www.econbiz.de/10000920663

Real interest rates, bank borrowing, and fragility

Ahnert, Toni; Anand, Kartik; König, Philipp Johann - 2022

How do real interest rates affect financial fragility? We study this issue in a model in which bank borrowing is subject to rollover risk. A bank’s optimal borrowing trades off the benefit from investing additional funds into profitable assets with the cost of greater risk of a run by bank...

Persistent link: https://www.econbiz.de/10013460206

Public deficits and borrowing costs : the missing half of market discipline

Heinemann, Friedrich; Winschel, Viktor - 2001

EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...

Persistent link: https://www.econbiz.de/10013428400

Are interest rates responsible for unemployment in the eighties? : A Bayesian analysis of cointegrated relationship with a regime shift

De la Croix, David; Lubrano, Michel - 1994

Persistent link: https://www.econbiz.de/10000893219

US real interest rates and default risk in emerging economies

Foley-Fisher, Nathan; Guimarães, Bernardo - 2009

We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...

Persistent link: https://www.econbiz.de/10003894416

A gold rush theory of economic development

Ossa, Ralph (contributor) - 2006

Persistent link: https://www.econbiz.de/10003319797

Disentangling supply-side and demand-side effects of uncertainty shocks on U.S. financial markets : identification using prices of gold and oil

Bettendorf, Timo - 2025

(2018), we identify uncertainty shocks using the price of gold and enhance this strategy by introducing the price of oil as … evidence suggesting that despite an increase in gold prices, supply-side uncertainty shocks (e.g. armed conflicts or natural … indicate that while gold prices alone can identify uncertainty shocks for most variables, the inclusion of oil prices reveals …

Persistent link: https://www.econbiz.de/10015410353

Monetary incentives and the contagion of unethical behavior

Le Maux, Benoît; Masclet, David; Necker, Sarah - 2021

We analyze both theoretically and empirically how monetary incentives and information about others’ behavior affect dishonesty. We run a laboratory experiment with 560 participants, each of whom observes a number from one to six with there being a payoff associated with each number. They can...

Persistent link: https://www.econbiz.de/10012438251

The net effect of unemployment benefits, sanctions and training on aggregate unemployment outflows

Van der Linden, Bruno; Dor, Eric - 2000

Persistent link: https://www.econbiz.de/10001512085

Preferences over capital inocome versus labor income taxation

Mahieu, Géraldine; Rottier, Stéphane - 2000

Persistent link: https://www.econbiz.de/10001512092