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Rationality on the Rise : Why Relative Risk Aversion Increases with Stake Size
Fehr-Duda, Helga; Bruhin, Adrian; Epper, Thomas - 2009
How does risk tolerance vary with stake size? This important question cannot be adequately answered if framing effects, nonlinear probability weighting, and heterogeneity of preference types are neglected. We show that the increase in relative risk aversion over gains cannot be captured by the...
Persistent link: https://www.econbiz.de/10014207349
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Financial stability: the significance and distinctiveness of Islamic banking in Malaysia
Karwowski, Ewa - 2009
This paper explores the significance of Islamic banking in Malaysia for stability in the country's economy as a whole. Neither conventional theory nor Islamic economics puts forward a systematic explanation of financial intermediation; consequently, neither is capable of identifying...
Persistent link: https://www.econbiz.de/10010266433
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Financial stability considerations for monetary policy: Theoretical mechanisms
Ajello, Andrea; Boyarchenko, Nina; Gourio, François; … - 2022
fundamentals or a small revision of beliefs can create a self-reinforcing feedback loop that impairs credit provision, lowers asset …
Persistent link: https://www.econbiz.de/10012888656
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A new look into credit procyclicality: International panel evidence
Bebczuk, Ricardo; Burdisso, Tamara; Carrera, Jorge; … - 2011
The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit … economic statements, namely, that credit is procyclical and that changes in credit have strong effects on private expenditure …. According to the evidence produced, credit procyclicality -in the sense that the simple correlation coefficient is positive and …
Persistent link: https://www.econbiz.de/10010325095
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Bank loan supply during crises: The importance of geographic diversication
Dörr, Sebastian; Schaz, Philipp - 2018
We classify a large sample of banks according to the geographic diversification of their international syndicated loan portfolio. Our results show that diversified banks maintain higher loan supply during banking crises in borrower countries. The positive loan supply effects lead to higher...
Persistent link: https://www.econbiz.de/10011969199
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Bank loan supply during crises: The importance of geographic diversication
Dörr, Sebastian; Schaz, Philipp - 2019
We classify a large sample of banks according to the geographic diversification of their international syndicated loan portfolio. Our results show that diversified banks maintain higher loan supply during banking crises in borrower countries. The positive loan supply effects lead to higher...
Persistent link: https://www.econbiz.de/10011993816
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Cross-Border financial effects of global warming
Carnevali, Emilio; Deleidi, Matteo; Pariboni, Riccardo; … - 2019
We develop an ecological open-economy SFC model that enables testing cross-area interactions among productive sectors, financial markets and the ecosystem. We show that the unequal technical progress across areas, coupled with rising ecological awareness, can force governments of less...
Persistent link: https://www.econbiz.de/10012059910
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Funding stability and the pricing of retail rates: Evidence from Turkish banking sector
Alper, Koray; Çapacıoğlu, Tanju - 2023
This paper documents how a system wide deterioration in funding quality, which we argue to be underpinned by macroeconomic conditions, can have a substantial effect in the pricing of deposit and loan rates. The study is motivated by a puzzling observation from Turkish banking system. During...
Persistent link: https://www.econbiz.de/10014540909
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Monetary policy, financial regulation and financial stability: A comparison between the Fed and the ECB
Schnabl, Gunther; Sonnenberg, Nils - 2020
area crisis countries. In both cases, household credit growth remained under control despite renewed monetary expansion …
Persistent link: https://www.econbiz.de/10012197951
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Lessons for Iceland from the Monetary Policy of Sweden
Andersson, Fredrik N. G.; Jonung, Lars - 2018
The purpose of this report is to derive lessons from inflation targeting in Sweden for the choice of the future monetary policy regime of Iceland. Swedish inflation targeting has been a success in terms of reducing inflation and inflation volatility, but real economic volatility is not lower...
Persistent link: https://www.econbiz.de/10013208816