Narrow search
Showing 1 - 10 of 535
Cover Image
Credit Growth in Latin America : Financial Development or Credit Boom?
Hansen, Niels-Jakob Harbo - 2013
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …
Persistent link: https://www.econbiz.de/10013080862
Cover Image
Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans
Agca, Senay - 2013
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt …
Persistent link: https://www.econbiz.de/10013086310
Cover Image
Financial Regulation and the Current Account
Lanau, Sergi - 2012
This paper examines the relationship between financial regulation and the current account in an intertemporal model of the current account where financial regulation affects the current account through liquidity constraints. Greater liquidity constraints decrease the size and persistence of the...
Persistent link: https://www.econbiz.de/10013107071
Cover Image
China's Bond Market and Global Financial Markets
Cerutti, Eugenio - 2019
A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening...
Persistent link: https://www.econbiz.de/10012895129
Cover Image
Effective Macroprudential Policy : Cross-Sector Substitution from Price and Quantity Measures
Cizel, Janko - 2016
Macroprudential policy is increasingly being implemented worldwide. Its effectiveness in influencing bank credit and … expected effects of macroprudential policies on bank credit, both for advanced economies and emerging market economies. Yet we … also find evidence of substitution effects towards nonbank credit, especially in advanced economies, reducing the policies …
Persistent link: https://www.econbiz.de/10012977746
Cover Image
Mitigating the Deadly Embrace in Financial Cycles : Countercyclical Buffers and Loan-to-Value Limits
Beneš, Jaromír - 2016
This paper presents a new version of MAPMOD (Mark II) to study the effectiveness of macroprudential regulations. We extend the original model by explicitly modeling the housing market. We show how household demand for housing, house prices, and bank mortgages are intertwined in what we call a...
Persistent link: https://www.econbiz.de/10012977752
Cover Image
The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries
Sun, Tao - 2015
This paper analyzes the transmission of global liquidity to the ASEAN-5 countries (ASEAN-5), including the impact on financial landscapes and risks to financial stability. It finds that global liquidity transmission and changing financial landscapes have contributed to increases in risks to...
Persistent link: https://www.econbiz.de/10013011196
Cover Image
Portfolio Inflows Eclipsing Banking Inflows : Alternative Facts?
Cerutti, Eugenio - 2018
Superficial examination of aggregate gross cross-border capital inflow data suggests that therewas no substitution between portfolio inflows and bank loans in recent years. However, ournovel analysis of disaggregate inflows (both by types of instrument and borrower) showsinteresting...
Persistent link: https://www.econbiz.de/10012925219
Cover Image
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
Cover Image
Politically Robust Financial Regulation
Agur, Itai - 2021
The deferred recognition of COVID-induced losses at banks in many countries hasreignited the debate on regulatory forbearance. This paper presents a model where thepublic's own political pressure drives regulatory policy astray, because the public is poorlyinformed. Using probabilistic game...
Persistent link: https://www.econbiz.de/10013243078