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Capital regulation and tail risk
Perotti, Enrico C.; Ratnovski, Lev; Vlahu, Razvan - 2011
The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...
Persistent link: https://www.econbiz.de/10011383199
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Untangling real gravity
Klaassen, Franc; Teulings, Rutger - 2017
all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … multilateral resistances. Untangling normalization helps to get a better view of what is still unexplained by theory. …
Persistent link: https://www.econbiz.de/10011791519
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Cascading trade protection : evidence from the US
Erbahar, Aksel; Zi, Yuan - 2016
In a world with increasingly integrated global supply chains, trade policy targeting upstream products has unintended … barriers of the US using its detailed input-output tables. As predicted by the theory, we find that measures on imported inputs …
Persistent link: https://www.econbiz.de/10011539982
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Private interests and government policy in a global world
Jones, Ronald Winthrop - 2000
Today’s global world is characterized not only by a high volume ofinternational trade and foreign investment relativeto …
Persistent link: https://www.econbiz.de/10011303880
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A fragmented China : measure and determinants of Chinese domestic market disintegration
Poncet, Sandra - 2004
Persistent link: https://www.econbiz.de/10002256720
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Statistical disclosure in two-dimensional tables : general tables
Carvalho, Filipa D. de; Sanches Osório, Margarida de; … - 1993
Persistent link: https://www.econbiz.de/10000122497
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Cheap but flighty : how global imbalances create financial fragility
Perotti, Enrico C.; Ahnert, Toni - 2015
Can a wealth shift to emerging countries explain instability in developed countries? Investors exposed to political risk seek safety in countries with better property right protection. This induces private intermediaries to offer safety via inexpensive demandable debt, and increase lending into...
Persistent link: https://www.econbiz.de/10010494788
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Two worlds apart? : export demand shocks and domestic sales
Erbahar, Aksel A. - 2018
Traditional heterogeneous firms and trade models predict no causal relationship between firms' exports and domestic sales. This paper, using a rich dataset on Turkish firms for the 2005-14 period, analyzes the relationship between firm-product sales in different markets for the first time in the...
Persistent link: https://www.econbiz.de/10011878817
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Measurement error in education and growth regressions
Portela, Miguel; Alessie, Rob; Teulings, Coen N. - 2005
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …
Persistent link: https://www.econbiz.de/10011335189
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Environmental responsibility and policy in a two country dynamic input-output model
Hoekstra, Rutger; Janssen, Marco A. - 2002
Increased spatial dependency of economic activities, as well as spatial differentiation of production and consumption, has implication for environmental policy. One of the issues that has gained importance is the responsibility for the emissions from products that cross national boundaries...
Persistent link: https://www.econbiz.de/10011327844