Showing 1 - 10 of 23
This paper studies stylized business cycle properties of household production in four industrialized countries (Canada …
Persistent link: https://www.econbiz.de/10014400537
This paper examines the effect of the major Canada-U.S. trade agreements on the dynamics of business cycles and … productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … business cycles in Canada and the United States since the early 1980s, country-specific and idiosyncratic factors remain …
Persistent link: https://www.econbiz.de/10014400637
Persistent link: https://www.econbiz.de/10009486294
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...
Persistent link: https://www.econbiz.de/10009707567
This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks’ assets and liabilities, including during the recent...
Persistent link: https://www.econbiz.de/10012667446
This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCPs) improves bank soundness. The authors find a significant and positive relationship between bank soundness (measured with Moody''s financial strength ratings) and compliance with...
Persistent link: https://www.econbiz.de/10014400277
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international...
Persistent link: https://www.econbiz.de/10014400319
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant...
Persistent link: https://www.econbiz.de/10014400719
This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial...
Persistent link: https://www.econbiz.de/10014400859
This paper examines the changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows. We use a comprehensive database of macroeconomic and...
Persistent link: https://www.econbiz.de/10014400886