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How to capture macro-financial spillover effects in stress tests?
Hesse, Heiko; Salman, Ferhan; Schmieder, Christian - 2014
Persistent link: https://www.econbiz.de/10010388854
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Bank profitability and financial stability
Xu, TengTeng; Hu, Kun; Das, Udaibir S. - 2019
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 … role of non-interest income and retail-oriented business models. We then conduct panel regression analysis to examine the …
Persistent link: https://www.econbiz.de/10012001476
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Correcting “beyond the cycle” : accounting for asset prices in structural fiscal balances
Liu, Estelle Xue; Mattina, Todd; Poghosyan, Tigran - 2015
Persistent link: https://www.econbiz.de/10011374723
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Real money investors and sovereign bond yields
Jaramillo, Laura; Zhang, Y. Sophia - 2013
Experience from the global financial crisis suggests that countries’ borrowing costs are not solely determined by macro and fiscal fundamentals. Factors such as ownership structures of government securities, among others, also play a significant role. This paper investigates the effect of...
Persistent link: https://www.econbiz.de/10012667419
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Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances
Liu, Estelle X. - 2015
This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in asset prices can have an important fiscal impact. Failing to account for the fiscal...
Persistent link: https://www.econbiz.de/10014412080
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Spillovers Through Banking Centers : A Panel Data Analysis
International Monetary Fund - 2000
To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 … emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows …
Persistent link: https://www.econbiz.de/10014399830
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Trade Finance and Trade Flows : Panel Data Evidence From 10 Crises
Ronci, Márcio Valério - 2004
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
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The redistributive effects of financial deregulation
Korinek, Anton; Kreamer, Jonathan - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the …
Persistent link: https://www.econbiz.de/10010233893
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The Redistributive Effects of Financial Deregulation
Korinek, Anton - 2013
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial … sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …
Persistent link: https://www.econbiz.de/10014394411
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Consumption effects of mortgage payment holidays : evidence during the COVID-19 pandemic
Albuquerque, Bruno; Varadi, Alexandra - 2022
We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage PH were accessed by both households with pre-existing...
Persistent link: https://www.econbiz.de/10013170081