Narrow search
Showing 1 - 10 of 794
Cover Image
The Finance and Growth Nexus Re-Examined : Do All Countries Benefit Equally?
Barajas, Adolfo - 2013
throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions …
Persistent link: https://www.econbiz.de/10013080451
Cover Image
Finance, Growth, and Inequality
Levine, Ross - 2022
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10013306793
Cover Image
Feeling the Heat : Climate Shocks and Credit Ratings
Cevik, Serhan; Jalles, João Tovar - 2021
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear … dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change …, but research on how climate change affects sovereign risks is limited. Building on our previous research focusing on the …
Persistent link: https://www.econbiz.de/10013250076
Cover Image
Carbon Policy Surprises and Stock Returns : Signals from Financial Markets
Hengge, Martina; Panizza, Ugo; Varghese, Richard - 2023
Understanding the impact of climate mitigation policies is key to designing effective carbon pricing tools. We use … EU ETS suggesting that investors price in transition risk stemming from the shift towards a low-carbon economy. We …
Persistent link: https://www.econbiz.de/10014257754
Cover Image
The Riskiness of Credit Allocation and Financial Stability
Brandao-Marques, Luis - 2019
We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...
Persistent link: https://www.econbiz.de/10012859862
Cover Image
Risks and Vulnerabilities in the U.S. Bond Mutual Fund Industry
Bouveret, Antoine; Yu, Jie - 2022
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …
Persistent link: https://www.econbiz.de/10013305666
Cover Image
Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Kpodar, Kangni - 2019
This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased policy attention on strengthening growth...
Persistent link: https://www.econbiz.de/10012871772
Cover Image
Benefits of Global and Regional Financial Integration in Latin America
Eyraud, Luc - 2017
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a...
Persistent link: https://www.econbiz.de/10012962157
Cover Image
The Development of Local Capital Markets : Rationale and Challenges
Laeven, Luc - 2015
Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy …
Persistent link: https://www.econbiz.de/10013028671
Cover Image
Does Openness Matter for Financial Development in Africa?
David, Antonio C. - 2014
This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666