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Taking Banks to Solow
Gersbach, Hans; Rochet, Jean-Charles; Scheffel, Martin - C.E.P.R. Discussion Papers - 2015
and bank equity yield a uniquely determined steady state. We highlight three properties when shocks to wealth …, surprisingly, cause persistent booms of banking and even of the entire economy – after an initial bust. Third, shocks to bank …
Persistent link: https://www.econbiz.de/10011186631
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Raising Investment in Brazil
Arnold, Jens - Economics Department, Organisation de Coopération et … - 2011
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current …
Persistent link: https://www.econbiz.de/10009350673
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Forty Years of Leverage: What Have We Learned about Sovereign Debt?
Boone, Peter; Johnson, Simon - In: American Economic Review 104 (2014) 5, pp. 266-71
Financial crises frequently increase public sector borrowing and threaten some form of sovereign debt crisis. Until recently, high income countries were thought to have become less vulnerable to severe banking crises that have lasting negative effects on growth. Since 2007, crises and attempted...
Persistent link: https://www.econbiz.de/10010773935
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Cyclical patterns in profits, provisioning and lending of banks and procyclicality of the new Basel capital requirements
Bikker, Jacob A.; Hu, Haixia - In: BNL Quarterly Review 55 (2002) 221, pp. 143-175
as (shortage of)capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …
Persistent link: https://www.econbiz.de/10010752485
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Cyclical patterns in profits, provisioning and lending of banks and procyclicality of the new Basel capital requirements
Bikker, Jacob A.; Hu, Haixia - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 221, pp. 143-175
as (shortage of)capital, which contradicts the assumptions underlying capital crunch theory. All in all, over the last …
Persistent link: https://www.econbiz.de/10010752531
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Household Debt: Facts, Puzzles, Theories, and Policies
Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2014
Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...
Persistent link: https://www.econbiz.de/10010951247
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The evil force of borrowing and the weakness of Quantitative Easing
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2015
The U.S. housing market crash in 2007-2008 was not caused overnight by an over-supply of new homes that could not be sold. It was caused by the new money flows into mortgages ever since 1998. What changed in 1998 was that mortgage funds were not only used for building new homes at a price in...
Persistent link: https://www.econbiz.de/10011163523
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"Weak Expansions: A Distinctive Feature of the Business Cycle in Latin America and the Caribbean"
Caldentey, Esteban Pérez; Titelman, Daniel; Carvallo, Pablo - Levy Economics Institute - 2013
productivity and investment, which are linked to long-run growth. East Asia's and the Pacific's cumulative gain in labor … that the effects of the contraction in public investment surpass those of the expansion, leading to a declining trend over …
Persistent link: https://www.econbiz.de/10010755738
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Housing markets and current account dynamics
Gete, Pedro - Federal Reserve Bank of Dallas - 2015
I document a strong negative correlation, both across and within countries, between housing and current account dynamics. I use two methodologies to analyze three potential drivers of housing markets. First, in a quantitative two-country model, I input the dynamics of population, loan-to-value...
Persistent link: https://www.econbiz.de/10011160713
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FINANCIAL CONTAGION RELOADED: THE CASE OF CYPRUS
Oehler-Sincai, Iulia Monica - In: Global Economic Observer 1 (2013) 1, pp. 66-74
high investment attractiveness spurred the "Cyp-Rus" relations, boosted an outsized banking sector (representing 800% of …
Persistent link: https://www.econbiz.de/10010721102