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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
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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
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Financial market integration and loan competition : when is entry deregulation socially beneficial?
Kaas, Leo (contributor) - 2004
Persistent link: https://www.econbiz.de/10002555017
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Output growth and fluctuation : the role of financial openness
Popov, Alexander - 2011
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...
Persistent link: https://www.econbiz.de/10009354652
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House Prices, Money, Credit and the Macroeconomy
Goodhart, Charles A. E. (contributor);  … - 2008
This paper assesses the linkages between money, credit, house prices and economic activity in industrialised countries over the last three decades. The analysis is based on a fixed-effects panel VAR estimated using quarterly data for 17 industrialized countries spanning the period 1970-2006. The...
Persistent link: https://www.econbiz.de/10003778768
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Does employment protection legislation affect credit access? : evidence from Europe
Moro, Andrea; Maresch, Daniela; Ferrando, Annalisa; … - 2017
We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from banks and firms' decision to apply for a loan. We find that greater flexibility in structuring the employees' working hours and in dismissing employees increases the probability...
Persistent link: https://www.econbiz.de/10011647887
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Monetary policy and stock market boom-bust cycles
Christiano, Lawrence J.; Ilut, Cosmin; Motto, Roberto - 2008
We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...
Persistent link: https://www.econbiz.de/10003803289
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Credit shocks and the European labour market
Bodnár, Katalin; Fadejeva, Ludmila; Hoeberichts, Marco; … - 2018
More than five years after the start of the Sovereign debt crisis in Europe, its impact on labour market outcomes is not clear. This paper aims to fill this gap. We use qualitative firm-level data for 24 European countries, collected within the Wage Dynamics Network (WDN) of the ESCB. We first...
Persistent link: https://www.econbiz.de/10011792025
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Knightian uncertainty and credit cycles
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
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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