Showing 1 - 10 of 29,733
This paper documents the cyclical properties of financial intermediation costs and uses their dynamics to explain excess consumption volatility differences across countries in a dynamic stochastic general equilibrium (DSGE) framework. I find that financial development levels have no role in...
Persistent link: https://www.econbiz.de/10010781470
Developments since the introduction of the 1988 Basel Capital Accord have resulted in growing realisation that new … forms of risks have emerged and that previously existing and managed forms require further redress. The revised Capital … organisations were encouraged to supplement their capital positions; and secondly, to mitigate competitive inequalities.” As well as …
Persistent link: https://www.econbiz.de/10008646772
This model adds to the standard neoclassical model of business fluctuations by introducing a more realistic capital … are mostly absorbed by debt and not dividends. The capital structure deteriorates first but then improves after a few …
Persistent link: https://www.econbiz.de/10005292678
period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … interrelated as, according to a recent literature, business cycle is directly related to banks’ capital requirements for market and … credit risk. The analysis highlight that US commercial banks actually respected capital requirements but these were not …
Persistent link: https://www.econbiz.de/10011258987
We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapolation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Bayesian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders who...
Persistent link: https://www.econbiz.de/10009145665
the period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … interrelated as, according to a recent literature, business cycle is directly related to banks’ capital requirements for market … and credit risk. The analysis highlight that US commercial banks actually respected capital requirements but these were …
Persistent link: https://www.econbiz.de/10011160708
The objective of the article is to identify impact of economic policy implications on current financial and economic crisis. The analysis examines a hypothesis that the main causes of financial and economic crisis include unbalanced developments of the macroeconomic sphere as well as existing...
Persistent link: https://www.econbiz.de/10011195207
Abstract: Banking crises involve periods of persistently low credit and economic growth. Banks’ balance sheets are then weak but so are those of non-financial corporate borrowers. Hence, a crucial question is whether credit growth is low due to supply or to demand factors. However convincing...
Persistent link: https://www.econbiz.de/10011092853
The present paper examines the evolution of FDI flows generated and received by ten new member states of the EU (NMS minus Cyprus and Malta, EEC-10) during the period 2000-2011, with the aim to identify their dynamics, composition and performance. Taking into consideration the EEC-10' high...
Persistent link: https://www.econbiz.de/10010721088
In the present case study, our main objective is to bring to the forefront the main factors that led to the double-dip recession of the Cypriot economy. We analyze determinants such as "tax haven" status, interlinks with the Greek economy, spillovers originating in the Euro Area as a whole...
Persistent link: https://www.econbiz.de/10010721102