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Countercyclical Financial Regulation
Ren, Haocong - 2017
The global financial crisis has focused much attention on procyclicality, particularly in the context of a macroprudential framework. This paper reviews a set of prudential measures that can be adopted by national authorities to deal with procyclicality and discusses issues in designing and...
Persistent link: https://www.econbiz.de/10012975729
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Interest Rate Caps Around the World : Still Popular, But a Blunt Instrument
Maimbo, Samuel Munzele - 2017
Among other common forms of government financial control, caps on interest rates have been declining over the past several decades as most industrialized countries and a rising number of developing countries continue liberalizing their financial policies. However, in several countries the last...
Persistent link: https://www.econbiz.de/10012972605
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Are Banks Too Big to Fail or Too Big to Save? International Evidence from Equity Prices and CDS Spreads
Demirgüç-Kunt, Asli - 2017
Deteriorating public finances around the world raise doubts about countries' abilities to bail out their largest banks. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank stock prices and credit default swap spreads. Overall,...
Persistent link: https://www.econbiz.de/10012976458
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Resolving the African Financial Development Gap : Cross-Country Comparisons and a Within-Country Study of Kenya
Allen, Franklin - 2017
With extensive country and firm-level data sets, this paper first documents that the financial sectors of most Sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. The paper also finds that population density appears to be considerably...
Persistent link: https://www.econbiz.de/10012974025
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Services Reform and Manufacturing Performance : Evidence from India
Arnold, Jens Matthias - 2017
The growth of India's manufacturing sector since 1991 has been attributed mostly to trade liberalization and more permissive industrial licensing. This paper demonstrates thesignificant impact of a neglected factor: India's policy reforms in services. The authors examine the link between those...
Persistent link: https://www.econbiz.de/10012975493
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Access to Financial Services and the Financial Inclusion Agenda Around the World : A Cross-Country Analysis with a New Data Set
Ardic, Oya Pinar - 2017
Recent empirical evidence highlights that access to basic financial services can make a substantial positive difference in improving poor people's lives. Accordingly, financial sector reforms that promote financial inclusion are increasingly at the core of policymakers? agendas. The Consultative...
Persistent link: https://www.econbiz.de/10012976198
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Children Left Behind in China : The Role of School Fees
Dang, Hai-Anh - 2020
The barriers faced by Chinese rural-urban migrants to access social services, particularly education, in host cities could help explain why the majority of migrants choose to leave their children behind. This paper proposes a theoretical framework that allows for an explicit discussion of the...
Persistent link: https://www.econbiz.de/10012854978
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Trade Effects of the New Silk Road : A Gravity Analysis
Baniya, Suprabha - 2019
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New …
Persistent link: https://www.econbiz.de/10012895212
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Unconditional Cash Transfers in China : an Analysis of the Rural Minimum Living Standard Guarantee Program
Golan, Jennifer - 2017
This paper examines China?s rural minimum living standard guarantee (dibao) program, one of the largest minimum income …
Persistent link: https://www.econbiz.de/10012971358
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Demystifying China's Fiscal Stimulus
Fardoust, Shahrokh - 2017
China's government economic stimulus package in 2008-09 appears to have worked well. It seems to have been about the … built into subnational fiscal mechanisms in federal countries. Moreover, China's massive fiscal stimulus played an important … particular relevance today for China, as well as other countries, in formulating policy response to another global economic …
Persistent link: https://www.econbiz.de/10012974915