Showing 1 - 10 of 339
maturity, the central bank returns the reserves. There exist some specific combinations of date- and maturity-specific reserve …The paper looks at the relationship between reserve requirements and the choice of the maturity structure of external … debt in a general equilibrium setup, by incorporating the role of international lenders. A date- and maturity …
Persistent link: https://www.econbiz.de/10012677572
1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii …) banks are lending on these funds to emerging market economies. Bank recycling of petro dollars to emerging market economies … is found to be almost as important as in the 1970s and 1980s, even though during the current boom, petro dollar bank …
Persistent link: https://www.econbiz.de/10012677635
Persistent link: https://www.econbiz.de/10012690986
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study Sudden Stop dynamics and optimal policy. We show that the distinction between workers and entrepreneurs introduces a distributive externality that is absent from the...
Persistent link: https://www.econbiz.de/10015060238
This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies … the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and …-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …
Persistent link: https://www.econbiz.de/10009423928
This paper explores factors behind Canadian banks' relative resilience in the ongoing credit turmoil. We identify two main causes: a higher share of depository funding (vs. wholesale funding) in liabilities, and a number of regulatory and structural factors in the Canadian market that reduced...
Persistent link: https://www.econbiz.de/10012677799
41 SSA countries to study the determinants of bank profitability. We find that apart from credit risk, higher returns on …Bank profits are high in Sub-Saharan Africa (SSA) compared to other regions. This paper uses a sample of 389 banks in … assets are associated with larger bank size, activity diversification, and private ownership. Bank returns are affected by …
Persistent link: https://www.econbiz.de/10012677708
This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil …-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability …. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country …
Persistent link: https://www.econbiz.de/10012677890
bank net interest margins. Combined with resilient asset quality, wider net interest margins supported record profits for …
Persistent link: https://www.econbiz.de/10015080282