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reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10014394354
reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship … between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows … are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment …
Persistent link: https://www.econbiz.de/10014399819
account, driven by an initial, sharp decline in investment and fueled by medium term deleveraging, more so in advanced …
Persistent link: https://www.econbiz.de/10012605536
We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX …
Persistent link: https://www.econbiz.de/10012251968
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis … (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the … be significant in explaining changes in corporate profitability …
Persistent link: https://www.econbiz.de/10011978407
We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … empirical determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks for …
Persistent link: https://www.econbiz.de/10012001476
Persistent link: https://www.econbiz.de/10011281169
Persistent link: https://www.econbiz.de/10011281182