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The information content of capital controls
Nie, Owen - 2020
Capital controls, policy measures used by governments to regulate cross-country financial flows, have become standard policy options in many emerging market economies. This paper will focus on what capital controls reveal about the state of the economy and the implications of such revelation for...
Persistent link: https://www.econbiz.de/10012297617
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Free riding in loan approvals : evidence from SME lending in Peru
Arraiz, Irani; Bruhn, Miriam; Roth, Benjamin N.; … - 2019
discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan … financially excluded borrowers, greatly diminishing the profits accruing to the initiating bank. Lenders may therefore underinvest …
Persistent link: https://www.econbiz.de/10012167970
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Anatomy of credit-less recoveries
Corrado, Luisa; Rossi, Isolina - 2018
The recovery from the global crisis that erupted in 2007 shows that the decoupling between real and financial variables during the business cycle can lead to negative and long-lasting consequences for the economy. A key feature of the past global crisis in many countries is that the recovery in...
Persistent link: https://www.econbiz.de/10011875141
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The international bank lending channel of monetary policy rates and quantitative easing : credit supply, reach-for-yield, and real effects
Morais, Bernardo; Peydró, José-Luis; Ruiz Ortega, Claudia - 2015
Persistent link: https://www.econbiz.de/10010511974
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Is it the journey that matters? : a fresh look at the impact of World Bank policy lending
Moll, Peter G.; Smets, Lodewijk - 2018
This paper investigates the impact of World Bank development policy operations on the quality of economic policy during …
Persistent link: https://www.econbiz.de/10012002353
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Basel III implementation and SME financing : evidence for emerging markets and developing economies
Fišera, Boris; Horváth, Roman; Melecký, Martin - 2019
firm-bank data in a difference-in-differences setting with sample selection adjustment, the authors find a short … with access to bank credit prior to Basel III implementation could have been affected less than firms that were initially … on the fringes of financial inclusion-firms with only a bank account. The paper fails to find any additional …
Persistent link: https://www.econbiz.de/10012167938
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Pro-cyclical fiscal policy in Brazil : evidence from the States
Arena, Marco; Revilla, Julio E. - 2009
Persistent link: https://www.econbiz.de/10003918589
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Emerging and developing economies : ten years after the Global Recession
Kose, M. Ayhan; Ohnsorge, Franziska - 2020
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012229095
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A decade after the 2009 Global Recession : macroeconomic and financial sector policies
Koh, Wee Chian; Yu, Shu - 2020
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
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A decade after the 2009 Global Recession : macroeconomic developments
Koh, Wee Chian; Yu, Shu - 2020
portfolio investment and cross - border bank lending-fared less well, especially those in Europe and Central Asia. A key lesson …
Persistent link: https://www.econbiz.de/10012257019