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Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...
Persistent link: https://www.econbiz.de/10009678940
We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a...
Persistent link: https://www.econbiz.de/10009615784
We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank capital ratios, more efficient production plans and...
Persistent link: https://www.econbiz.de/10012677775
This paper studies how financial stress is transmitted from advanced to emerging economies, using a new financial stress index for emerging economies. An episode of financial stress is defined as a period when the financial system's ability to intermediate may be impaired. Previous financial...
Persistent link: https://www.econbiz.de/10012677798
Chinese banks generate large profits and have relatively low nonperforming loans. However, good financial performance does not, in itself, guarantee that banks efficiently intermediate the economy's financial resources. This paper first examines how efficient Chinese banks are in financial...
Persistent link: https://www.econbiz.de/10012677832
Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL DEREGULATION AND DISINTERMEDIATION -- III. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM VAR MODELS -- IV. CHANGES IN MONETARY TRANSMISSION: EVIDENCE FROM STRUCTURAL MODELS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- References.
Persistent link: https://www.econbiz.de/10012691064
Persistent link: https://www.econbiz.de/10012691173
This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....
Persistent link: https://www.econbiz.de/10009618531
energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy … Reforms: The Case of Germany, Sweden, Turkey, and Vietnam -- A. Comparing Energy Systems in Sweden, Germany, Turkey, and … Energy under the Value-Added Tax System -- 5. Environmental Tax Reforms in Sweden, Germany, Turkey, and Vietnam -- References. …
Persistent link: https://www.econbiz.de/10012684557
Bank interest rate spreads in Solomon Islands are high by regional standards. This paper examines the determinants of bank interest rates including bank specific, banking sector, macroeconomic, and legal indicators. The results show that the scale of operation, overhead costs, concentration...
Persistent link: https://www.econbiz.de/10010790250