Narrow search
Showing 1 - 10 of 448
Cover Image
Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy : A Survey of the Issues
Demekas, Dimitri; Grippa, Pierpaolo - 2022
There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated....
Persistent link: https://www.econbiz.de/10013306708
Cover Image
Mitigating Climate Change : Growth-Friendly Policies to Achieve Net Zero Emissions by 2050
Jaumotte, Florence; Liu, Weifeng; McKibbin, Warwick - 2022
Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation … of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with …
Persistent link: https://www.econbiz.de/10013306768
Cover Image
Are Climate Change Policies Politically Costly?
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan D. - 2022
Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD’s Environmental Stringency Index, we find that CCPs are not necessarily politically costly: policy design matters. First, only...
Persistent link: https://www.econbiz.de/10013306798
Cover Image
Agricultural Market Integration in India
Andrle, Michal - 2020
We assess the degree of cross-market price discrepancy (a proxy for market integration), its evolution over time, and proximate determinants, using monthly price data for 21 agricultural goods and 60 markets in India. Econometric analysis shows that cross-market price integration is positively...
Persistent link: https://www.econbiz.de/10012827586
Cover Image
Credit Misallocation and Economic Growth in Vietnam
Katagiri, Mitsuru - 2019
The legacy of non-performing loans and high opportunity cost of government financing ofbank recapitalization impeded the efficiency of financial intermediation and are an importantpolicy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue.An empirical analysis...
Persistent link: https://www.econbiz.de/10012860992
Cover Image
Liquidity Choice and Misallocation of Credit
Ebrahimy, Ehsan - 2020
This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low liquidities of both investment types imply that the allocation of credit is...
Persistent link: https://www.econbiz.de/10012843309
Cover Image
Size Dependent Policies, Informality and Misallocation
Dabla-Norris, Era - 2018
We examine the effect of size-dependent policies in developing economies by focusing on a setof regulations that are applicable to firms with 20 or more formal employees in Peru. Firms canadjust to the regulations by (a) reducing their size, (b) shifting employment composition, or (c)splitting...
Persistent link: https://www.econbiz.de/10012912487
Cover Image
Inefficient Fire-Sales in Decentralized Asset Markets
Ebrahimy, Ehsan - 2019
Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-notfully account for the asset fire-sales during the Financial Crisis of 2008. I present a modelto demonstrate that fire-sales may happen even when there is a sizable pool of naturalbuyers and in the absence of...
Persistent link: https://www.econbiz.de/10012868464
Cover Image
The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital?
Abiad, Abdul G.; Oomes, Nienke; Ueda, Kenichi - 2007
The study documents evidence of a quality effect of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict that financial liberalization, by equalizing access to credit, reduces the variation...
Persistent link: https://www.econbiz.de/10014067076
Cover Image
Doing More for Less? New Evidence on Lobbying and Government Contracts
Agca, Senay - 2019
this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …
Persistent link: https://www.econbiz.de/10012864096