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Gerba, Eddie; Żochowski, Dawid - 2017

The Great Recession has been characterised by the two stylized facts: the buildup of leverage in the household sector in the period preceding the recession and a protracted economic recovery that followed. We attempt to explain these two facts as an information friction, whereby agents are...

Persistent link: https://www.econbiz.de/10011656163

Finance and growth in the EU

De Ávila, Diego Romero - 2003

deregulation and harmonisation of banking laws at the EU level has brought about on growth over the last 40 years. Our main …

Persistent link: https://www.econbiz.de/10009635911

Evaluating the real effect of bank branching deregulation : comparing contiguous counties across U.S. state borders

Huang, Rocco R. (contributor) - 2007

change borders to estimate treatment effects for 23 separate deregulation events. To distinguish real treatment effects from … in five out of the 23 deregulation events examined. Hinterland countiesʺ within the still-regulated states, but farther …-border spillover of deregulation effects may invalidate the empirical design …

Persistent link: https://www.econbiz.de/10003507197

Financial market integration and loan competition : when is entry deregulation socially beneficial?

Kaas, Leo (contributor) - 2004

Persistent link: https://www.econbiz.de/10002555017

Finance and growth in the EU : new evidence from the liberalisation and harmonisation of the banking industry

Romero-Ávila, Diego (contributor) - 2003

Persistent link: https://www.econbiz.de/10001820911

Labor adjustment and productivity in the OECD

Dossche, Maarten; Gazzani, Andrea; Lewis, Vivien - 2021

data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the …

Persistent link: https://www.econbiz.de/10012547644

Credit market competition and the gender gap : evidence from local labor markets

Popov, Alexander; Zaharia, Sonia - 2017

We exploit the exogenous variation in regional credit market contestability brought on by banking deregulation in the … United States to study the narrowing of the gender gap in local labor markets. We .nd that deregulation reduced the gender … the labor force. Deregulation also reduced wage inequality as women became more likely to work in the private sector, to …

Persistent link: https://www.econbiz.de/10011673615

International risk-sharing and the transmission of productivity shocks

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004

A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

Persistent link: https://www.econbiz.de/10009636531

Fundamentals and joint currency crises

Hartmann, Philipp; Straetmans, Stefan; Vries, Casper de - 2004

In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence during crises depends on the tail properties of the fundamentals' distributions. We denote crisis linkages as either strong or weak, in the sense that the dependence remains or...

Persistent link: https://www.econbiz.de/10009636547

Global financial transmission of monetary policy shocks

Ehrmann, Michael (contributor); … - 2006

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...

Persistent link: https://www.econbiz.de/10003320671