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Covid-19 and Food Protectionism : The Impact of the Pandemic and Export Restrictions on World Food Markets
Espitia, Alvaro - 2020
This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …
Persistent link: https://www.econbiz.de/10012833536
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Determinants of Social Distancing and Economic Activity During COVID-19 : A Global View
Maloney, William F. - 2020
The paper uses Google mobility data to identify the determinants of social distancing during the 2020 COVID-19 outbreak. The findings for the United States indicate that much of the decrease in mobility is voluntary, driven by the number of COVID-19 cases and proxying for greater awareness of...
Persistent link: https://www.econbiz.de/10012834265
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Covid-19 Mortality in Rich and Poor Countries : A Tale of Two Pandemics?
Schellekens, Philip - 2020
applies not just to the vulnerable in the rich world; the vulnerable in the rest of the world are not more immune. Yet … inequality creates the impression that the world is subjected to two different pandemics in terms of their impact. This paper … yet to run its course through the age distributions of the world …
Persistent link: https://www.econbiz.de/10012832606
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On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios
Raddatz, Claudio E. - 2017
Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors...
Persistent link: https://www.econbiz.de/10012975229
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Financial Development in Asia : Beyond Aggregate Indicators
Didier, Tatiana - 2017
This paper documents the major trends in financial development in Asia since the early 1990s and the spillovers to firms. It compares Asia with advanced and emerging countries and uses both aggregate and disaggregate indicators. Financial systems in Asia remain less developed than in advanced...
Persistent link: https://www.econbiz.de/10012973555
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Financial Development : Structure and Dynamics
de la Torre, Augusto - 2017
This paper analyzes the bright and dark sides of the financial development process through the lenses of the four fundamental frictions to which agents are exposed -- information asymmetry, enforcement, collective action, and collective cognition. Financial development is shaped by the efforts...
Persistent link: https://www.econbiz.de/10012975681
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Has the Global Banking System Become More Fragile Over Time?
Anginer, Deniz - 2017
This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and examine the evolution of the correlation structure of...
Persistent link: https://www.econbiz.de/10012975691
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How Does Foreign Entry Affect the Domestic Banking Market?
Claessens, Stijn - 2017
Banking markets are becoming increasingly international through financial liberalization and general economic integration. Using bank-level data for 80 countries for 1988-95, the authors examine the extent of foreign ownership in national banking markets. They compare net interest margins,...
Persistent link: https://www.econbiz.de/10012966173
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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2014
relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …
Persistent link: https://www.econbiz.de/10013068213
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Growth of Global Corporate Debt : Main Facts and Policy Challenges
Abraham, Facundo - 2020
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367