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Cooperative and Islamic Banks : What Can They Learn from Each Other?
Al-Muharrami, Saeed M. - 2013
Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and downside risk with depositors. Islamic banking is...
Persistent link: https://www.econbiz.de/10013075547
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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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Twenty Years of Unconventional Monetary Policies : Lessons and Way Forward for the Bank of Japan
Westelius, Niklas - 2021
The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …
Persistent link: https://www.econbiz.de/10013252055
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Export Orientation and Productivity in Sub-Saharan Africa
Mengistae, Taye; Pattillo, Catherine A. - 2021
Analysis of firm-level panel data from three sub-Saharan African economies shows that exporting manufacturers have a total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by selection of more efficient producers into exporting or...
Persistent link: https://www.econbiz.de/10013317891
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Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks
Shi, Yu - 2019
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries...
Persistent link: https://www.econbiz.de/10012868268
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Credit-Supply Shocks and Firm Productivity in Italy
Doerr, Sebastian - 2017
The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper examines the implications for firm productivity of adverse shocks to bank lending in Italy, using a novel identification scheme and loan-level data on syndicated lending. We exploit...
Persistent link: https://www.econbiz.de/10012956377
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Credit Supply and Productivity Growth
Manaresi, Francesco - 2019
We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit availability and to estimatea production model...
Persistent link: https://www.econbiz.de/10012868471
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Watch What They Do, Not What They Say : Estimating Regulatory Costs from Revealed Preferences
Alvero, Adrien; Ando, Sakai; Xiao, Kairong - 2022
We show that distortion in the size distribution of banks around regulatory thresholds can be used to identify costs of bank regulation. We build a structural model in which banks can strategically bunch their assets below regulatory thresholds to avoid regulations. The resulting distortion in...
Persistent link: https://www.econbiz.de/10013295004
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Scaling Up Climate Mitigation Policy in Germany
Black, Simon; Chen, Ruo; Mineshima, Aiko; Mylonas, Victor; … - 2022
Germany has set national greenhouse emissions targets of a 65 percent reduction below 1990 levels by 2030 and net zero emissions by 2045, along with various sectoral emissions goals. To achieve these targets, the government has introduced multi-pronged policy measures, including a national...
Persistent link: https://www.econbiz.de/10013306743
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Small Island States in the Pacific : The Tyranny of Distance
Becker, Chris - 2012
This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...
Persistent link: https://www.econbiz.de/10013098583