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Gross Capital Flows, Common Factors, and the Global Financial Cycle
Barrot, Luis-Diego - 2018
(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …
Persistent link: https://www.econbiz.de/10012926785
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Interest Rate Pass-Through : A Meta-Analysis of the Literature
Gregora, Jiri - 2019
The interest rate pass-through describes how changes in a reference rate (the monetary policy, money market, or T-bill rate) transmit to bank lending rates. This paper reviews the empirical literature on the interest rate pass-through and systematizes it by means of meta-analysis and...
Persistent link: https://www.econbiz.de/10012894573
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Business Cycles in the Eastern Caribbean Economies : The Role of Fiscal Policy and Interest Rates
Carneiro, Francisco - 2017
This paper analyzes the business cycle characteristics of the economies of the Organization of Eastern Caribbean States using a model of a small open economy subject to interest rate and fiscal expenditure shocks and financial frictions. The paper shows that macroeconomic aggregates in this...
Persistent link: https://www.econbiz.de/10012970170
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Capital Will Not Become More Expensive as the World Ages
Bussolo, Maurizio - 2017
Aging of populations and convergence between developed and developing countries in per capita incomes are shaping the evolution of saving, investment, capital flows, and, in particular, the cost of capital. When considering these trends, the existing literature argues for either continued, low...
Persistent link: https://www.econbiz.de/10012972936
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Interest Rate Caps : The Theory and the Practice
Ferrari, Aurora - 2018
Ceilings on lending rates remain a widely used policy tool that is intended to lower the overall cost of credit or protect consumers from exorbitant rates. Interest rate caps come in many forms and scopes and, according to their rationale, ceilings can affect a small segment or the overall...
Persistent link: https://www.econbiz.de/10012922773
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The Impact of Interest Rate Caps on the Financial Sector : Evidence from Commercial Banks in Kenya
Safavian, Mehnaz - 2018
Interest rate caps can have far-reaching consequences on the composition and maturity of commercial bank loans and deposits. This paper carefully documents these impacts on the formal financial sector in Kenya after the recent interest rate caps of 2016. Using bank-level panel data from before...
Persistent link: https://www.econbiz.de/10012922884
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Debt Intolerance : Threshold Level and Composition
Matsuoka, Hideaki - 2020
rates once the public debt-to-GDP ratio exceeds 60 percent of GDP, offsetting the downward pressure on long-term interest …
Persistent link: https://www.econbiz.de/10012831444
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How Interest Rates Changed Under Financial Liberalization - a Cross-Country Review
Harrison, Glenn W. - 2017
, monetary depth, or GDP growth. If anything, there was a small average improvement in inflation, but a decline in monetary depth … power, and the higher risks of lending in the developing world. There was no clear-cut change in mean rates of inflation …
Persistent link: https://www.econbiz.de/10012746903
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Global Transmission of Interest Rates : Monetary Independence and the Currency Regime
Frankel, Jeffrey A. - 2017
The authors empirically study the sensitivity of local interest rates to international interest rates and how that sensitivity is affected by a country's choice of exchange rate regime. To establish the empirical regularities, they use a reduced-form empirical approach to compute both panel and...
Persistent link: https://www.econbiz.de/10012946754
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Inflation and Public Debt Reversals in Advanced Economies
Fukunaga, Ichiro - 2020
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt-to-GDP … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in …
Persistent link: https://www.econbiz.de/10012842775