Showing 1 - 10 of 504
This paper assesses whether cross-border M&A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M&A investments at the sectoral level. The results show that...
Persistent link: https://www.econbiz.de/10012843316
financial accelerator, where bank balance sheets do not play a prominent role, and GIMF with both a financial accelerator and a …
Persistent link: https://www.econbiz.de/10013016607
The recent financial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in … monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this … trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the over …
Persistent link: https://www.econbiz.de/10012950372
-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …
Persistent link: https://www.econbiz.de/10012995201
We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …
Persistent link: https://www.econbiz.de/10013252039
This paper asks whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds some evidence that BoJ's monetary policy measures during 1998-2010 have had an impact on...
Persistent link: https://www.econbiz.de/10013111414
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January2016 by the Bank of Japan …
Persistent link: https://www.econbiz.de/10012913933
) little susceptibility to manipulation; (iv) timeliness; (v) scalable from the individual bank to the system. We show how this …
Persistent link: https://www.econbiz.de/10013002156
Deleveraging has two components -- shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show that post-Lehman there has been a significant decline in the interconnectedness...
Persistent link: https://www.econbiz.de/10013098625
Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy - given better anchored inflation expectations and inflation being less responsive to variation in unemployment - compared to the past. We examine another aspect that...
Persistent link: https://www.econbiz.de/10013075540