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On the first-round effects of international food price shocks : the role of the asset market structure

Portillo, Rafael; Zanna, Luis-Felipe - 2015

Persistent link: https://www.econbiz.de/10011281891

Determinants of Interest Rate Pass-Through : Do Macroeconomic Conditions and Financial Market Structure Matter?

Gigineishvili, Nikoloz - 2011

Numerous empirical studies have found that the strength of the interest rate pass-through varies markedly across countries and markets. The causes of such heterogeneity have attracted considerably less attention so far. Unlike other studies that mainly focus on small groups of mostly developed...

Persistent link: https://www.econbiz.de/10014398656

Institutional Quality, Knightian Uncertainty, and Insurability : A Cross-Country Analysis

Erbas, S. Nuri - 2006

Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality may be a good indicator of Knightian uncertainty. This paper correlates non-life insurance penetration in 70 countries with income level, financial sector depth, country risk, a measure of cost of...

Persistent link: https://www.econbiz.de/10014402994

The Value of Institutions for Financial Markets : Evidence From Emerging Markets

Stratmann, Thomas - 2009

This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct...

Persistent link: https://www.econbiz.de/10014404274

Financial Regulation and the Current Account

Wieladek, Tomasz - 2012

This paper examines the relationship between financial regulation and the current account in an intertemporal model of … the current account where financial regulation affects the current account through liquidity constraints. Greater … tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation …

Persistent link: https://www.econbiz.de/10014396600

Financial Frictions, Investment, and Institutions

Yafeh, Yishay - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10014397491

Financial Market Volatility and the Implications for Market Regulation: A Survey

Scott, Louis O. - 1990

Volatility in financial markets has forced economists to reexamine the validity of the efficient markets hypothesis, and new empirical approaches have been applied to the study of this important issue in recent years. Many of the recent studies have found evidence of excessive volatility. In the...

Persistent link: https://www.econbiz.de/10014395913

The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks

Blancher, Nicolas R. - 2006

The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either...

Persistent link: https://www.econbiz.de/10014400372

Asymmetric Information and the Market Structure of the Banking Industry

Dell'Ariccia, Giovanni - 1998

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather...

Persistent link: https://www.econbiz.de/10014399942

Trade and financial spillover on Hong Kong SAR from a downturn in Europe and Mainland China

N'Diaye, Papa M'B. P.; Ahuja, Ashvin - 2012

Persistent link: https://www.econbiz.de/10009572370

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