Showing 1 - 10 of 135
Persistent link: https://www.econbiz.de/10009768572
This paper re-evaluates the US external deficit which has considerably widened over the 1990s. US safe asset provision to the rest of the world is the dominant explanation for the persistent nature of the US external deficit. We suggest that apart from the safe asset hypothesis, there is an...
Persistent link: https://www.econbiz.de/10014528273
Persistent link: https://www.econbiz.de/10012000467
Persistent link: https://www.econbiz.de/10011660834
Persistent link: https://www.econbiz.de/10014451397
. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then … concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …
Persistent link: https://www.econbiz.de/10010225567
Persistent link: https://www.econbiz.de/10010464008
Persistent link: https://www.econbiz.de/10011668412
Persistent link: https://www.econbiz.de/10003336485
In this study we have addressed the relationship between the stock market, the measure of real economic activity (represented by the real GDP), the economic sentiment indicator, and real interest rate for the five European countries: Germany, France, Italy, the Netherlands, and the UK. We find...
Persistent link: https://www.econbiz.de/10003338244