Similar Search Results

International Banking and Liquidity Risk Transmission : Lessons from Across Countries

Buch, Claudia M. - 2014

Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …

Persistent link: https://www.econbiz.de/10012458364

When Is Quality of Financial System a Source of Comparative Advantage?

Ju, Jiandong - 2008

Does finance follow the real economy, or the other way around? This paper unites the two competing schools of thought in a general equilibrium framework. Our key result is that there are threshold effects defined by a set of deep institutional parameters (cost of financial intermediation,...

Persistent link: https://www.econbiz.de/10012464662

Domestic Institutions and the Bypass Effect of Financial Globalization

Ju, Jiandong - 2007

the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …

Persistent link: https://www.econbiz.de/10012465505

Intrinsic Openness and Endogenous Institutional Quality

Jiao, Yang - 2017

Quality of public institutions has been recognized as a crucial determinant of macroeconomic outcomes. We propose that a country's intrinsic level of openness (due to population size, geography, or exogenous trade opportunities) affects its incentives in investing in better institutions. We...

Persistent link: https://www.econbiz.de/10012453661

How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

Kim, Woochan - 2008

Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and …

Persistent link: https://www.econbiz.de/10012464925

Liquidity Risk and U.S. Bank Lending at Home and Abroad

Correa, Ricardo - 2014

-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across …

Persistent link: https://www.econbiz.de/10012458381

Time Variation in Asset Price Responses to Macro Announcements

Goldberg, Linda S. - 2013

, including the level of policy rates at the time of the release, and risk conditions: government bond yields increase in response … to "good news", but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium …

Persistent link: https://www.econbiz.de/10012459140

Trade Uncertainty and U.S. Bank Lending

Correa, Ricardo; Di Giovanni, Julian; Goldberg, Linda S.; … - National Bureau of Economic Research - 2023

This paper uses U.S. loan-level credit register data and the 2018-2019 Trade War to test for the effects of international trade uncertainty on domestic credit supply. We exploit cross-sectional heterogeneity in banks' ex-ante exposure to trade uncertainty and find that an increase in trade...

Persistent link: https://www.econbiz.de/10014436991

Natural Openness and Good Government

Wei, Shang-Jin - 2000

This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption and bad governance drive out international trade and investment more than domestic trade and investment, a naturally more open economy' as determined by its size and geography...

Persistent link: https://www.econbiz.de/10012470985

International Equity and Debt Flows : Composition, Crisis, and Controls

Ma, Chang - 2020

We propose a theory of endogenous composition of capital flows that highlights two asymmetries between international equity and debt financing. In our model, poor institutional quality leads to an inefficiently low share of equity financing as well as an inefficiently high volume of total...

Persistent link: https://www.econbiz.de/10012481712