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Financial sector regulation and reforms in emerging markets : an overview
Prasad, Eswar S. - 2010
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that … regulation ; financial development ; emerging markets ; financial inclusion …
Persistent link: https://www.econbiz.de/10009153059
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External monetary shocks and monetary integration : evidence from the Bulgarian currency board
Minea, Alexandru; Rault, Christophe - 2011
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...
Persistent link: https://www.econbiz.de/10009309508
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Forward guidance and household expectations
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2020
We compare the causal effects of forward guidance communication about future interest rates on households' expectations of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized controlled trial using more than 25,000 U.S. individuals...
Persistent link: https://www.econbiz.de/10012177886
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Culture and adult financial literacy: evidence from the United States
Davoli, Maddalena; Rodríguez-Planas, Núria - 2020
Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...
Persistent link: https://www.econbiz.de/10012237342
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Politico-economic causes of labor regulation in the United States : rent seeking, alliances, raising Rivals' costs (even lowering one's own?), and interjurisdictional competition
Addison, John T. (contributor) - 2006
This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and …
Persistent link: https://www.econbiz.de/10003481858
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Analyzing the extent and influence of occupational licensing on the labor market
Kleiner, Morris M.; Krueger, Alan B. - 2011
This study examines the extent and influence of occupational licensing in the U.S. using a specially designed national labor force survey. Specifically, we provide new ways of measuring occupational licensing and consider what types of regulatory requirements and what level of government...
Persistent link: https://www.econbiz.de/10009230732
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Loan regulation and child labor in rural India
Dāśagupta, Bāsaba; Zimmermann, Christian - 2012
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …
Persistent link: https://www.econbiz.de/10009665022
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Bubble economics and structural change : the cases of Spain and France compared
Agnese, Pablo; Hromcová, Jana - 2015
This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...
Persistent link: https://www.econbiz.de/10010502798
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
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Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012099559