Narrow search
Showing 1 - 10 of 703
Cover Image
The making of a continental financial system : lessons for Europe from early American history
Gaspar, Vítor - 2014
Persistent link: https://www.econbiz.de/10010441897
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Financial frictions in data : evidence and impact
Taheri Sanjani, Marzie - 2014
Persistent link: https://www.econbiz.de/10010479493
Cover Image
Spillovers from United States monetary policy on emerging markets : different this time?
Chen, Jiaqian; Mancini Griffoli, Tommaso; Sahay, Ratna - 2014
Persistent link: https://www.econbiz.de/10010479509
Cover Image
Fragilities in the U.S. treasury market : lessons from the “Flash Rally” of October 15, 2014
Bouveret, Antoine; Breuer, Peter; Chen, Yingyuan; … - 2015
rely on domestic macroprudential regulation? This paper presents a tractable model to show that it is desirable to employ … both types of instruments: Macroprudential regulation reduces overborrowing, while capital controls increase the aggregate … countries, we find optimal capital controls and macroprudential regulation in the magnitude of 2 percent. In advanced countries …
Persistent link: https://www.econbiz.de/10011446368
Cover Image
Risks and vulnerabilities in the U.S. bond mutual fund industry
Bouveret, Antoine; Yu, Jie - 2021
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of analyses to identify which fund categories are more vulnerable to distress than others, and how sales from funds can impact financial stability. We develop a new measure to identify...
Persistent link: https://www.econbiz.de/10012605013
Cover Image
The non-U.S. bank demand for U.S. dollar assets
Adrian, Tobias; Xie, Peichu - 2020
The USD asset share of non-U.S. banks captures the demand for dollars by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Cross-sectional asset pricing tests show that the USD asset share is a highly significant...
Persistent link: https://www.econbiz.de/10012252026