Showing 1 - 10 of 28
The paper proposes a theoretical framework for explaining gains and losses in export market shares by considering both price and non-price determinants. Starting from a demand-side model à la Armington (1969), we relax several restrictive assumptions to evaluate the contribution of unobservable...
Persistent link: https://www.econbiz.de/10013059580
We propose a comprehensive decomposition of changes in a country's global market shares that accounts for the value added content of trade. We perform the analysis by combining two datasets – disaggregated trade data from UN Comtrade with internationally integrated Supply and Use Tables from...
Persistent link: https://www.econbiz.de/10013020785
What drives external performance of countries? This is a recurring question in academia and policy. The factors underlying export growth are receiving great attention, as countries struggle to grow out of the crisis by increasing exports and as protectionist discourses take foot again. Despite...
Persistent link: https://www.econbiz.de/10012950748
making the assumption that balance-sheet resource allocation is indicative of the strategic focus of banks, we also find …
Persistent link: https://www.econbiz.de/10011604444
), well-functioning institutions are a key driving force for international bank flows. Specifically, foreign banks invest …
Persistent link: https://www.econbiz.de/10011604483
We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...
Persistent link: https://www.econbiz.de/10011604488
This paper investigates the dynamics of the pass-through between market interest rates and bank interest rates in the … deposits and savings deposits. Bank soundness, credit risk and interest rate risk are found to exert a significant influence on … monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …
Persistent link: https://www.econbiz.de/10011604760
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … bank interest rates, we likewise find that banks tend to price their loans more in accordance with the market in countries … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …
Persistent link: https://www.econbiz.de/10011604931
We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …
Persistent link: https://www.econbiz.de/10011605422
This paper develops a DSGE model where banks use short-term deposits to provide firms with long-term credit. The demand … than the average long-term loan rate, which we show is in line with corporate interest rate data in the US. …
Persistent link: https://www.econbiz.de/10011605534