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Financialization: what it is and why it matters
Palley, Thomas I. - 2007
debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010266625
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Debt, liquidity and dynamics
Polemarchakis, H. M.; Rochon, Céline - 2001
Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …
Persistent link: https://www.econbiz.de/10010318857
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European Financial Market Integration in the Gründerboom and Gründerkrach: Evidence from European Cross-Listings
Baltzer, Markus - 2006
Persistent link: https://www.econbiz.de/10013370028
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Common trends and common cycles among interest rates of the G7-countries
Lindenberg, Nannette; Westermann, Frank - 2009
In this paper we re-investigate the comovements of interest rates in the G7-countries. We propose a structured modus operandi to analyze the time series characteristics of interest rates and to test for common features. We conduct cointegration, serial correlation common feature and codependence...
Persistent link: https://www.econbiz.de/10010289307
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Regionalization vs. Globalization
Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - 2013
Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...
Persistent link: https://www.econbiz.de/10010500234
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Investment-Specific Technology Shocks and Consumption
Furlanetto, Francesco; Seneca, Martin - 2010
Current business cycle models systematically underestimate the correlation between consumption and investment. One reason for this failure is that a positive investment-specific technology shock generally induces a negative consumption response. The objective of this paper is to investigate...
Persistent link: https://www.econbiz.de/10012143764
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Capital flow types, external financing needs, and industrial growth: 99 countries, 1991-2007
Aizenman, Joshua; Sushko, Vladyslav - 2011
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10010287774
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Capital flows and economic growth in the era of financial integration and crisis: 1990 - 2010
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2011
, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging …. Finally, the relationship between growth and short-term debt is nil before the crisis, and negative during the crisis. …
Persistent link: https://www.econbiz.de/10010288124
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Capital flow types, external financing needs, and industrial growth: 99 countries, 1991-2007
Aizenman, Joshua; Sushko, Vladyslav - 2011
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10010288139
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The Jesuits as Knowledge Brokers Between Europe and China (1582-1773): Shaping European Views of the Middle Kingdom
Millar, Ashley E. - London School of Economics and Political Science - 2007
motives, the roles and the consequences of the Jesuits as agents of information regarding China affected the European … and transmission of information. It finds that economic progress and political consolidation in Europe did result in a …
Persistent link: https://www.econbiz.de/10005870547