Showing 1 - 10 of 152
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks. Banks compete for deposits to seek monopoly...
Persistent link: https://www.econbiz.de/10014399670
exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
Persistent link: https://www.econbiz.de/10012392092
ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … key instrument to mitigate the risks; proposes ways to judge the adequacy of insurance; and considers ways to enhance its … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …
Persistent link: https://www.econbiz.de/10012170086
stability of the banking system, a government’s commitment to shield banks from contagion may increase their incentives to … invest prudently and so reduce bank risk taking. This systemic insurance effect will be relatively more important when …
Persistent link: https://www.econbiz.de/10014394541
''s preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the one implied by the commonly …
Persistent link: https://www.econbiz.de/10014400680
This paper argues that securities transaction taxes ""throw sand"" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the...
Persistent link: https://www.econbiz.de/10014403612
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of...
Persistent link: https://www.econbiz.de/10014395839
methods to the case of Sweden, showing the range of estimates …
Persistent link: https://www.econbiz.de/10014399814
be rejected from 1989 for Norway and as of 1990 for Denmark. The credibility of Sweden’s band within a one-year horizon …
Persistent link: https://www.econbiz.de/10014398741