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Foreign Banks : Trends, Impact and Financial Stability

Claessens, Stijn - 2012

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...

Persistent link: https://www.econbiz.de/10013116464

Nonlinearity between the Shadow Economy and Level of Development

Frank Wu, Dong - 2019

This paper is the first attempt to directly explore the long-run nonlinear relationship between theshadow economy and …-shaped relationship between the shadow economy sizeand GDP per capita. Our results imply that the shadow economy tends to increase when … to the country's level of development when designing policies totackle issues related to the shadow economy …

Persistent link: https://www.econbiz.de/10012889145

Global Liquidity and Drivers of Cross-Border Bank Flows

Cerutti, Eugenio - 2014

This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a longer time series and broader sample of countries than in previous studies, it identifies global factors driving cross-border bank flows,...

Persistent link: https://www.econbiz.de/10013053045

The Use and Effectiveness of Macroprudential Policies : New Evidence

Cerutti, Eugenio - 2015

Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while...

Persistent link: https://www.econbiz.de/10013024432

Shadow Economies Around the World : What Did We Learn Over the Last 20 Years?

Medina, Leandro - 2018

shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015 …. The average size of the shadow economy of the 158 countries over 1991 to 2015 is 31.9 percent. The largest ones are …

Persistent link: https://www.econbiz.de/10012927456

How Important is the Global Financial Cycle? Evidence from Capital Flows

Cerutti, Eugenio - 2018

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...

Persistent link: https://www.econbiz.de/10012927465

What is Shadow Banking?

Claessens, Stijn - 2015

There is much confusion about what shadow banking is. Some equate it with securitization, others with non-traditional bank activities, and yet others with non-bank lending. Regardless, most think of shadow banking as activities that can create systemic risk. This paper proposes to describe...

Persistent link: https://www.econbiz.de/10013028956

Foreign Banks : Trends, Impact and Financial Stability

Claessens, Stijn - 2012

Persistent link: https://www.econbiz.de/10013111348