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Granularity in banking and growth : Does financial openness matter?
Bremus, Franziska; Buch, Claudia M. - In: Journal of banking & finance 77 (2017), pp. 300-316
Persistent link: https://www.econbiz.de/10011814786
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Granularity in banking and growth : does financial openness matter?
Bremus, Franziska; Buch, Claudia M. - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10010195375
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Granularity in banking and growth : does financial openness matter?
Bremus, Franziska; Buch, Claudia M. - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10009786228
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Granularity in banking and growth : does financial openness matter?
Bremus, Franziska; Buch, Claudia M. - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10010225571
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Macroeconomic factors and micro-level bank risk
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010
The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
Persistent link: https://www.econbiz.de/10008697445
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Macroeconomic factors and micro-level bank risk
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010
The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
Persistent link: https://www.econbiz.de/10008697545
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Overcoming obstacles to successful reforms in economies in transition
Buch, Claudia M. (contributor); Funke, Norbert (contributor) - Institut für Weltwirtschaft - 1994
sowie die Privatisierung. Die Verschärfung von Budgetrestriktionen für Unternehmen spielt eine essentielle Rolle zu Beginn … werden, die teilweise immer noch bestehen bzw. in reformierten Systemen weiterexistieren. Auf dem Gebiet der Privatisierung … werfen sich folgende Probleme auf: Es besteht die Frage, in wieweit die Privatisierung von Unternehmen zusätzliche …
Persistent link: https://www.econbiz.de/10000415830
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Privatisation-cum-liberalisation : lessons from Chile to Eastern Europe
Buch, Claudia M. - In: Latin American and East European economies in …, (pp. 84-107). 1998
Persistent link: https://www.econbiz.de/10001322918
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Big banks and macroeconomic outcomes : theory and cross-country evidence of granularity ; conference paper
Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013
Does the mere presence of big banks affect macroeconomic outcomes? Gabaix (2011) shows that idosyncratic shocks can have aggregate effects if the distribution of firm sizes in manufacturing follows a power law distribution. Our contribution is two-fold. First, we expand the theory of granularity...
Persistent link: https://www.econbiz.de/10010336792
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In search for yield? : Survey-based evidence on bank risk taking
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011
There is growing consensus that the conduct of monetary policy can have an impact on stability through the risk-taking incentives of banks. Falling interest rates might induce a “search for yield” and generate incentives to invest into risky activities. This paper provides evidence on the...
Persistent link: https://www.econbiz.de/10009010127