Showing 1 - 10 of 46
We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...
Persistent link: https://www.econbiz.de/10010273687
The current financial crisis has been characterized as a 'Minsky' moment, and as such provides the conditions required for a reregulation of the financial system similar to that of the New Deal banking reforms of the 1930s. However, Minsky's theory was not one that dealt in moments but rather in...
Persistent link: https://www.econbiz.de/10010281747
The report assesses the macro-financial situation in Georgia. This study explores the private sector financing environment, in particular for the SMEs segment. It examines the needs and obstacles of SMEs in accessing finance as well as the institutional and legal environment they operate in. We...
Persistent link: https://www.econbiz.de/10012511364
We assess the usefulness of a large set of electronic payments data comprising debit and credit card transactions, as … payments variables suggests that there may be modest reductions in forecast loss, tending to appear in nowcasts produced at the … beginning of a quarter. Among the payments variables considered, debit card transactions appear to produce the greatest …
Persistent link: https://www.econbiz.de/10011606344
The incorporation of new technologies to financial activities implies challenges and opportunities to financial authorities. They are reacting to the unavoidable trend towards digitalization of financial activities with the objective of preserving stable and efficient payment and financial...
Persistent link: https://www.econbiz.de/10014558461
This paper investigates the effect of electronic payments technology on firms' tax compliance in a large developing … use of electronic forms of payments. Using administrative data on firms' tax returns and variation in the strength of the … demonetization shock across local areas, we find that greater use of electronic payments leads to firms reporting more sales to the …
Persistent link: https://www.econbiz.de/10013193568
An upward trend in the share of cash in GDP has been observed since the beginning of the 21st century and has not yet been fully explained in the literature. In fact, the interest rate is the only variable that has been well researched and well confirmed as a determinant of the cash/GDP ratio....
Persistent link: https://www.econbiz.de/10013200889
Consumer payments in the United States gradually have been shifting away from paper checks for the past several years …. Cash use has declined as well, although at a much slower pace. As the number of check payments has decreased, those … payments have been replaced with electronic and card payments. However, the transition from paper to electronic and card …
Persistent link: https://www.econbiz.de/10012606364
The recent increase in the use of a digital payment system is an interesting prospect in predicting macroeconomic activity. A digital payment system comprising credit cards, debit cards, automated teller machines (ATMs), and mobile banking represents a broad spectrum of spending activity. The...
Persistent link: https://www.econbiz.de/10012610144
matching model of consumers with diverse preferences over the use of different payment methods for p2p payments. The random … matching model is calibrated to the share of p2p payments made with cash, paper check, and electronic technologies observed …
Persistent link: https://www.econbiz.de/10012653499