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How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India

Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016

Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...

Persistent link: https://www.econbiz.de/10011493763

Schooling mobility across three generations in six Latin American countries

Celhay, Pablo A.; Gallegos, Sebastian - 2024

This paper presents new evidence on schooling mobility across three generations in six Latin American countries. By combining survey information with national census data, we have constructed a novel dataset that includes 50,000 triads of grandparents, parents, and children born between 1890 and...

Persistent link: https://www.econbiz.de/10014552644

Earnings mobility in Argentina, Mexico, and Venezuela : testing the divergence of earnings and the symmetry of mobility hypotheses

Fields, Gary S.; Duval-Hernández, Robert; Freije, Samuel; … - 2007

economies: Argentina, Mexico, and Venezuela. We ask whether those individuals who start in the best economic position are those … occasional support for the divergent mobility hypothesis in scattered years in the cases of Mexico and Venezuela, and no support … at all in the case of Argentina. Rather, earnings mobility is most frequently convergent or neutral in all three …

Persistent link: https://www.econbiz.de/10003608457

Differences in euro-area household finances and their relevance for monetary-policy transmission

Hintermaier, Thomas; Koeniger, Winfried - 2019

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life-cycle incomplete-markets model with a financial asset and...

Persistent link: https://www.econbiz.de/10012133482

House price responses to monetary policy surprises : evidence from the U.S. listings data

Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022

Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. We exploit information contained in listings for the residential properties for sale in the...

Persistent link: https://www.econbiz.de/10013343329

Unequal consequences of COVID-19 across age and income: representative evidence from six countries

Belot, Michèle; Choi, Syngjoo; Tripodi, Egon; Van den … - 2020

Covid-19 and the measures taken to contain it have led to unprecedented constraints on work and leisure activities, across the world. This paper uses nationally representative surveys to document how people of different ages and incomes have been affected across six countries (China, South...

Persistent link: https://www.econbiz.de/10012239013

COVID-19 and employment in South Korea: trends and comparison with the 2008 Financial Crisis

Nam, Minhyuk; Lee, Soohyung - 2021

We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use two complementary methods. First, using individual-level data without residence information, we estimate the effects by controlling for detailed characteristics of individuals....

Persistent link: https://www.econbiz.de/10012431574