Showing 1 - 10 of 451
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
Persistent link: https://www.econbiz.de/10009622523
This paper explores the nexus between the financial cycle and business cycle in Brazil. Cycles are estimated using a … key economic relationships to be used in a consistent way. The results show that Brazil is now in the downturn phase of …
Persistent link: https://www.econbiz.de/10011716460
In recent years, Brazil has achieved substantial progress in capital market development by building a diversified …
Persistent link: https://www.econbiz.de/10011716707
Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive … capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved … infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil’s capital …
Persistent link: https://www.econbiz.de/10014412155
We analyze capital flows to emerging markets in a framework that incorporates two quantitative measures of financial integration, the intensity of capital controls and the extent of cross border listings, while controlling for traditional global (push) and country specific (pull) factors. Two...
Persistent link: https://www.econbiz.de/10014403972
Persistent link: https://www.econbiz.de/10009572530
The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public...
Persistent link: https://www.econbiz.de/10011373923
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance-play in generating unfavorable wage-price dynamics. The...
Persistent link: https://www.econbiz.de/10011436738
This paper examines the link between gender diversity in senior corporate positions and financial performance of 2 million companies in Europe. We document a positive association between corporate return on assets and the share of women in senior positions and establish two potential channels...
Persistent link: https://www.econbiz.de/10011445356