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House prices and macroprudential policies : evidence from city-level data in India
Singh, Bhupal - 2020
This paper examines the efficacy of macroprudential policies in addressing housing prices in a developing country while underscoring the importance of fundamental factors. The estimated models using city-level data for India suggest a strong influence of fundamental factors in driving housing...
Persistent link: https://www.econbiz.de/10012487161
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A European minimum wage : implications for poverty and macroeconomic imbalances
Detragiache, Enrica; Ebeke, Christian; Jirasavetakul, … - 2020
A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits...
Persistent link: https://www.econbiz.de/10012251363
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How effective is macroprudential policy? : evidence from lending restriction measures in EU countries
Poghosyan, Tigran - 2019
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990-2018. The results suggest...
Persistent link: https://www.econbiz.de/10012009445
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Estimating Spillover Risk Among Large EU Banks
Ong, Li L. - 2007
The paper examines the scope for cross-border spillovers among major EU banks using information contained in the stock prices and financial statements of these banks. The results suggest that spillovers within domestic banking systems generally remain more likely, but the number of significant...
Persistent link: https://www.econbiz.de/10014400315
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The real effects of mobile money : evidence from a large-scale fintech expansion
Patnam, Manasa; Yao, Weijia - 2020
Mobile money services have rapidly expanded across emerging and developing economies and enabled new ways through which households and firms can conduct payments, save and send remittances. We explore how mobile money use can impact economic outcomes in India using granular data on transactions...
Persistent link: https://www.econbiz.de/10012299387
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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 … mortgage PH led to higher saving rates for more financially-stable households …
Persistent link: https://www.econbiz.de/10013170081
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Bank competition, risk taking, and their consequences : evidence from the U.S. mortgage and labor markets
Feng, Alan Xiaochen - 2018
Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro …-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in … response to high expected house price volatility, banks in U.S. counties with a competitive mortgage market lowered lending …
Persistent link: https://www.econbiz.de/10011878684
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The lender of last resort function after the global financial crisis
Dobler, Marc; Gray, Simon; Murphy, Diarmuid; … - 2016
these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this …
Persistent link: https://www.econbiz.de/10011436788
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India's approach to open banking : some implications for financial inclusion
Carrière-Swallow, Yan; Haksar, Vikram; Patnam, Manasa - 2021
We examine how the development of the digital infrastructure known as the 'India Stack'-including an interoperable payments system, a universal digital ID, and other features-is delivering on the government's objective to expand the provision of financial services. While each individual...
Persistent link: https://www.econbiz.de/10012518740
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Impact of interest rate cap on financial inclusion in Cambodia
Heng, Dyna; Chea, Serey; Heng, Bomakara - 2021
financial inclusion in Cambodia. Based on a difference-in-difference analysis on bank and microfinance supervisory data, results …
Persistent link: https://www.econbiz.de/10012604813