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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

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco - 2017

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

Persistent link: https://www.econbiz.de/10012975170

Regulatory Arbitrage and Cross-Border Syndicated Loans

Demirgüç-Kunt, Asli - 2019

-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and … stringent bank regulation and supervision consistent with regulatory arbitrage, but that they prefer to originate loans in …

Persistent link: https://www.econbiz.de/10012859502

Hegelian Macroeconomics -- the Dialectics of Global Imbalances

Monga, Celestin - 2017

financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent … optimistic view suggests that global imbalances are not anomalies but simply the predictable outcome of a world with increasingly … countries in the world rebalance their economies to avoid the potentially painful cost of disruption and adjustment. The latter …

Persistent link: https://www.econbiz.de/10012976730

What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence

Hasan, Iftekhar - 2017

This paper examines the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. These...

Persistent link: https://www.econbiz.de/10012969486

Pension Funds, Capital Markets, and the Power of Diversification

Stewart, Fiona - 2019

The potential for pension funds to contribute to capital markets and thereby economic growth has been argued on a theoretical basis and demonstrated empirically. However, reforms fostering the development of funded pension systems have not had the economic impact hoped for in some countries....

Persistent link: https://www.econbiz.de/10012901506

Are Price-Based Capital Account Regulations Effective in Developing Countries?

David, Antonio C. - 2016

The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis, capital controls succeeded in reducing net...

Persistent link: https://www.econbiz.de/10012747799