Showing 1 - 10 of 451
The terrorist attacks that have occurred in the past few years around the world have raised international awareness of … the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which … strengthened so as to further enhance the resilience of financial markets to terrorism …
Persistent link: https://www.econbiz.de/10013318063
The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well …
Persistent link: https://www.econbiz.de/10012996058
This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and … expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative … alternative specifications and empirical strategies. On the other hand, we find strongevidence that terrorism is associated with …
Persistent link: https://www.econbiz.de/10013002155
fiscal consolidations, especially for small firms, domestic firms, and for firms with limited alternative financing sources …
Persistent link: https://www.econbiz.de/10013086310
(SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of …
Persistent link: https://www.econbiz.de/10012836535
in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in …. Furthermore, the intensity of the financing channel diminishes for firms in countries with lower public debt, higher foreign …
Persistent link: https://www.econbiz.de/10012998802
We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes...
Persistent link: https://www.econbiz.de/10012910353
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...
Persistent link: https://www.econbiz.de/10013131803
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...
Persistent link: https://www.econbiz.de/10013116464
This paper investigates the impact of the new capital requirements introduced under the Basel III framework on bank lending rates and loan growth. Higher capital requirements, by raising banks' marginal cost of funding, lead to higher lending rates. The data presented in the paper suggest that...
Persistent link: https://www.econbiz.de/10013124072