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Banking in a Steady State of Low Growth and Interest Rates
Chen, Qianying - 2018
A prolonged low-interest-rate environment presents a significant challenge to banks and is likely to entail major changes to their business models over the long-run. Lower returns to maturity transformation in the face of flatter yield curves and an inability to offer deposit rates significantly...
Persistent link: https://www.econbiz.de/10012910355
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The Net Stable Funding Ratio : Impact and Issues for Consideration
Gobat, Jeanne - 2014
As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This...
Persistent link: https://www.econbiz.de/10013050676
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March Madness in Wall Street : (What) Does the Market Learn from Stress Tests?
Fernandes, Marcelo - 2016
investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry … information in stress tests, especially at times of financial distress. Moreover, public disclosure seems to help reduce … private incentives to generate information or to have led to distorted incentives …
Persistent link: https://www.econbiz.de/10012999744
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E-Commerce as a Potential New Engine for Growth in Asia
Kinda, Tidiane - 2019
The use of e-commerce around the world has accelerated in recent years, with Asia, led by China, spearheading the rise. Using cross-country enterprise survey data, this paper shows that firms engaged in e-commerce have higher productivity and generate a larger share of their revenues from...
Persistent link: https://www.econbiz.de/10012865837
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Digitalization to Improve Tax Compliance : Evidence from Vat e-Invoicing in Peru
Bellon, Matthieu - 2019
This paper examines the impact of e-invoicing on firm tax compliance and performance using administrative tax data and quasi-experimental variation in the rollout of VAT electronic invoicing in Peru. We find that e-invoicing increases reported firm sales, purchases and value-added by over 5...
Persistent link: https://www.econbiz.de/10012858318
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Private Sector Job Creation in MENA : Prioritizing the Reform Agenda
Baduel, Bénédicte - 2019
This paper examines the extent to which firms in selected MENA countries reported being constrained by the business environment around the time of the Arab Spring and the extent to which these constraints affected their employment performance. The results suggest that small firms in MENA faced...
Persistent link: https://www.econbiz.de/10012859861
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Determinants of Firm Profitability in Colombia's Manufacturing Sector : Exchange Rate or Structural?
Griffin, Naomi - 2015
The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia's manufacturing sector in recent years. This paper examines the effects of the real exchange rate, external and domestic demand, and structural...
Persistent link: https://www.econbiz.de/10013021774
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Global Value Chains and Productivity : Micro Evidence from Estonia
Banh, Hang - 2020
The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods....
Persistent link: https://www.econbiz.de/10012827584
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The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession
Shibata, Ippei - 2020
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...
Persistent link: https://www.econbiz.de/10012828220
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Macro-Structural Obstacles to Firm Performance : Evidence from 2,640 Firms in Nigeria
Hosny, Amr - 2020
A recent World Bank enterprise survey identified access to finance as the top constraint to Doing Business in Nigeria. In this context, the objective of this paper is two-fold: (i) study firm characteristics associated with more access to finance and export diversification; and (ii) quantify the...
Persistent link: https://www.econbiz.de/10012831603