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Immigration and Wage Dynamics in Germany
Klinger, Sabine - 2020
-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity …
Persistent link: https://www.econbiz.de/10012843295
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Why U.S. Immigration Matters for the Global Advancement of Science
Agarwal, Ruchir; Ganguli, Ina; Gaule, Patrick; Smith, Geoff - 2021
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings …. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge …-histories of International Math Olympiad (IMO) medalists, we show that migrants to the U.S. are up to six times more productive …
Persistent link: https://www.econbiz.de/10013226450
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Immigration and Employment : Substitute Versus Complementary Labor in Selected African Countries
viseth, Arina - 2021
This paper uses census and household survey data on Cameroon, Ghana, and South Africa toexamine immigration's impact in … the context of a segmented labor market in Sub-SaharanAfrica. We find that immigration affects (i) employment (ii … the impact depends on the degree of complementarity between immigrants and nativeworkers' skills. Immigration is found to …
Persistent link: https://www.econbiz.de/10013315124
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Islamic Finance, Consumer Protection, and Financial Stability
Lukonga, Inutu - 2015
Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to financial instability. Though Shari'ah principles...
Persistent link: https://www.econbiz.de/10013021443
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The Anatomy of the Financial Inclusion Gap in the Caucasus and Central Asia
Poghosyan, Tigran - 2023
This paper analyses how financial inclusion in the Caucasus and Central Asia (CCA) compares to peers in Central and Eastern Europe (CEE). Using individual-level survey data, it shows that the probability of being financially included, as proxied by account ownership in financial institutions, is...
Persistent link: https://www.econbiz.de/10014350159
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Rating Through-the-Cycle : What Does the Concept Imply for Rating Stability and Accuracy?
Kiff, John - 2013
Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies...
Persistent link: https://www.econbiz.de/10013084470
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Competition Policy for Modern Banks
Ratnovski, Lev - 2013
Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of banks. This paper seeks to refine this view in light of recent changes to financial services provision. Modern banking is largely...
Persistent link: https://www.econbiz.de/10013080456
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Securitization : Lessons Learned and the Road Ahead
Segoviano Basurto, Miguel - 2014
This paper examines the financial stability implications arising from securitization markets, with one eye on the past and another on the future. The paper begins by deriving a number of “lessons learned” based on an examination of key industry developments in the years before the crisis....
Persistent link: https://www.econbiz.de/10013060543
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Regulatory Lessons from the Crisis of Costa Rica's Mutual Fund Industry
Carvajal, Ana - 2007
In 2004, the mutual fund industry of Costa Rica experienced a massive run by investors that reduced the industry to half its size in a month. This paper explores how weaknesses in the regulatory framework played a role in the crisis and draws lessons for developing countries. The analysis of...
Persistent link: https://www.econbiz.de/10012777945
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Borrower Protection and the Supply of Credit : Evidence from Foreclosure Laws
Dagher, Jihad C. - 2015
Laws governing the foreclosure process can have direct consequences on the costs of foreclosure and could therefore affect lending decisions. We exploit the heterogeneity in the judicial requirements across U.S. states to examine their impact on banks' lending decisions in a sample of urban...
Persistent link: https://www.econbiz.de/10013031165