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Intro -- Contents -- I. INTRODUCTION -- II. TRENDS IN REGIONAL INVESTMENT6 -- III. LITERATURE REVIEW -- IV. A BASIC … INVESTMENT MODEL -- V. DATA -- VI. ESTIMATION ISSUES -- VII. ESTIMATION RESULTS -- VIII. CONCLUSIONS -- References -- Data …
Persistent link: https://www.econbiz.de/10012691011
particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self …-sustaining growth based on private consumption and investment. This paper finds that Japanese nonfinancial firms have accumulated cash … at the expense of investment and dividends, hampering this transition. The evidence suggests that cash accumulation is …
Persistent link: https://www.econbiz.de/10011142082
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit … SMEweaknesses would improve private investment, enhance firm productivity, and lift growth. …
Persistent link: https://www.econbiz.de/10010790387
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...
Persistent link: https://www.econbiz.de/10005263828
This paper analyzes the relationship between selected macroeconomic and financial soundness indicators (FSIs) using a newly assembled panel dataset of FSIs for 96 countries covering the period 1998-2005. The analysis covers key macroeconomic indicators and FSIs of capital adequacy, asset quality...
Persistent link: https://www.econbiz.de/10005264013
Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been … trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic … investors have been less prominent. This may be one reason why such high investment has delivered Caribbean growth rates below …
Persistent link: https://www.econbiz.de/10005264172
In today's financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should...
Persistent link: https://www.econbiz.de/10009203537
The paper examines the slowdown of lending by large U.S. banks over the period 2007Q3 - 2009Q2, focusing on: (i) whether capital or liquidity was the binding constraint; (ii) factors influencing banks’ decision to hold capital; and (iii) their pricing behavior. Using quarterly data for...
Persistent link: https://www.econbiz.de/10008560439
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...
Persistent link: https://www.econbiz.de/10005825786