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concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we …, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators … weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they …
Persistent link: https://www.econbiz.de/10015059060
Our work is positioned at the intersection of migration and climate change-two key forces shaping the economic outlook … explaining migration patterns; (ii) importance of climate disasters as driver of cross-border migration; and (iii) the importance … of climate-driven migration on the overall impact of climate on macroeconomic outcomes. It arrives at the following main …
Persistent link: https://www.econbiz.de/10015058871
participate in the EU ETS. Taken together, our results indicate that investors price in transition risk stemming from the shift …
Persistent link: https://www.econbiz.de/10015059755
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...
Persistent link: https://www.econbiz.de/10009618521
risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings …, banking sector development, and political risk are the main determinants of stock market development. We also find that …
Persistent link: https://www.econbiz.de/10012677837
economies, assesses whether advances in integration have had a significant positive impact on countries' risk-adjusted growth …
Persistent link: https://www.econbiz.de/10012677595
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging market countries, documents their evolution and comovements, and assesses the extent to which such measures are determinants of selected spreads and proxy measures of countries'...
Persistent link: https://www.econbiz.de/10012677727
This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on IMF's multidimensional index of financial development, we find that CCA countries have made progress...
Persistent link: https://www.econbiz.de/10015060274
Intro -- Contents -- I. INTRODUCTION -- II. PREVIOUS LITERATURE -- III. MODEL SPECIFICATION -- IV. ESTIMATION -- V. DATA AND PRELIMINARY STATISTICS -- VI. MAIN RESULTS -- VII. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691179
The paper proposes a framework for examining the process of financial market development. The framework, consistent with the functional view of financial system design, is anchored in studying the incentives facing the key players in financial markets-borrowers, lenders, liquidity providers, and...
Persistent link: https://www.econbiz.de/10012677821