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Do Financial Variables Provide Information About the Swiss Business Cycle?

Alessandrini, Fabio - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003

This paper extends the literature on the information content of financial variables with respect to future economic growth. It shows that variables originating from both the equity market and the bond market in Switzerland are useful indicators for forecasting the Swiss business cycle. In...

Persistent link: https://www.econbiz.de/10005859003

Business cycles around the globe: a regime switching approach

Altuğ, Sumru; Bildirici, Melike - 2010

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

Persistent link: https://www.econbiz.de/10010273675

Unemployment in the European Union: institutions, prices, and growth

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor markets adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10010281023

Bank crises and investor confidence

Osili, Una Okonkwo; Paulson, Anna - 2008

investor confidence from coincident direct effects of the crisis. In order to isolate the effects of financial crises on … crises have important effects on investor behavior. Immigrants who have experienced a banking crisis in their countries of … individual controls like wealth, education, income, and age. In addition, the effect of crises is robust to controlling for a …

Persistent link: https://www.econbiz.de/10010292170

Why do banks promise to pay par on demand?

Dwyer Jr., Gerald P.; Samartín, Margarita - 2006

We survey the theories of why banks promise to pay par on demand and examine evidence about the conditions under which banks have promised to pay the par value of deposits and banknotes on demand when holding only fractional reserves. The theoretical literature can be broadly divided into four...

Persistent link: https://www.econbiz.de/10010292267

The emergence of the regulatory state: The political economy of Turkish banking reforms in the age of post-Washington consensus

Bakır, Caner; Öniş, Ziya - 2009

robust in terms of its ability to withstand external shocks and to avert future financial crises. At the same time, however …

Persistent link: https://www.econbiz.de/10010273659

Contagion effects of the Silicon Valley Bank run

Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023

This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...

Persistent link: https://www.econbiz.de/10014540982

Explaining bank failures in the United States: The role of self-fulfilling prophecies, systemic risk, banking regulation, and contagion

Herger, Nils - 2008

establish how far sources of economic risk (recessions, high interest rates, inflation) or differences in solvency and branching … important channel through which banking crises emerge. …

Persistent link: https://www.econbiz.de/10011430078

Business cycles: A role for imperfect competition in the banking system

Mandelman, Federico S. - 2006

This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...

Persistent link: https://www.econbiz.de/10010292221

Bank income and profits over the business and interest rate cycle

Burgstaller, Johann - 2006

If and how the conduct of the banking sector contributes to the propagation of aggregate shocks has become a prominent empirical research question. This study explores what a cyclicality analysis of net interest margins and spreads, as well as profitability figures, can contribute to the...

Persistent link: https://www.econbiz.de/10010294520

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