We analyse determinants of bank credit losses in Australasia. Despite sizeable credit losses over the past two decades, ours is the first systematic study to do so. Analysis is based on a comprehensive dataset retrieved from original financial reports of 32 Australasian banks (1980-2005). Credit...

Based on a comprehensive dataset retrieved from original financial reports of 32 Australasian banks (1980-2005), this paper explores factors affecting the credit loss experience of these institutions. It is found that the state of economy as measured by GDP growth and unemployment rate have the...

Abstract This paper provides evidence that unemployment rates across US states are stationary and therefore behave according to the natural rate hypothesis. We provide new insights by considering the effect of key variables on the speed of adjustment associated with unemployment shocks. A...

This paper investigates the long-run convergence of regional house prices in the UK. Existing studies have failed to reach a consensus on whether or not regional house prices exhibit long-run convergence with each other. The application is proposed of a new test involving unit root testing of...

Using a sample of Colombian banks, we examine retail interest rate adjustment in response to changes in wholesale interest rates. Interest rate pass-through running from wholesale to retail rates is found to be both partial and heterogeneous across banks. This suggests that the effectiveness of...

Adopting a production function based approach, we model the role of health as a regular factor of production on economic growth, and use disaggregate measures of male and female health capital using principal components analysis. Allowing for the dynamics of TFP to be embedded in the production...

The study examines the long-run sustainability of OECD current account balances. For this purpose, tests for current account stationarity and then cointegration between exports and imports are based on recently developed panel data methods that offer increased power over existing time-series...

The relationship between national real interest rates provides a valuable insight into the extent of economic and financial integration between countries. This paper tests for long-run parity in ex post real interest rates among the major European Union (EU) countries over the period 1979-2003....

This paper investigates the possibility that the adjustment towards long-run relative purchasing power parity (PPP) is dependent upon the nature of deviations from PPP that are experienced. While existing studies involving developed and less developed countries often find against PPP having...