Narrow search
Showing 1 - 10 of 14,077
Cover Image
Slow Recoveries, Endogenous Growth and Policy
Bonciani, Dario - 2020
We study the interaction between financial frictions and endogenous growth and its implications for conventional and unconventional monetary policy as well as macroprudentialpolicy. We show that disturbances to financial intermediation can lead to permanent lossesin output, which are more severe...
Persistent link: https://www.econbiz.de/10012832360
Cover Image
Bank-specific shocks and the real economy
Buch, Claudia M.; Neugebauer, Katja - 2010
Government interventions into the financial system in the form of bail out operations or liquidity assistance are often justified with the systemic importance of large banks for the real economy. In this paper, we test whether idiosyncratic shocks to loan growth at large banks have effects on...
Persistent link: https://www.econbiz.de/10011389111
Cover Image
Banking Networks and Economic Growth : From Idiosyncratic Shocks to Aggregate Fluctuations
Kundu, Shohini - 2020
The objective of this paper is to explore the transmission of non-bank capital shocks through banking networks. We develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large firms. We document a change in the relationship between...
Persistent link: https://www.econbiz.de/10012839265
Cover Image
Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Kpodar, Kangni - 2019
sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades … away as economies grow richer. Stock market development, by contrast, appears neither to be a shock-absorber nor a shock …
Persistent link: https://www.econbiz.de/10012871772
Cover Image
Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations
Kundu, Shohini; Vats, Nishant - 2021
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10012694566
Cover Image
Banking Networks and Economic Growth : From Idiosyncratic Shocks to Aggregate Fluctuations
Kundu, Shohini; Vats, Nishant - 2021
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10013312628
Cover Image
Theory and evidence on the finance-growth relationship : the virtuous and unvirtuous cycles
Lauretta, Eliana; Chaudhry, Sajid M.; Mullineux, Andrew W. - 2016
Since the 1980s, financial crises have tended to reoccur with increasing frequency and growing intensity. They are endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance fosters the correct allocation of financial...
Persistent link: https://www.econbiz.de/10012010378
Cover Image
Theory and Evidence on the Finance-Growth Relationship : The Virtuous and Unvirtuous Cycles
Lauretta, Eliana - 2016
Since the 1980s, financial crises have tended to reoccur with increasing frequency and growing intensity. They are endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance fosters the correct allocation of financial...
Persistent link: https://www.econbiz.de/10012994996
Cover Image
Financial development and FDI inflows in China
Khan, Hameed; Khan, Umair - 2019
In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...
Persistent link: https://www.econbiz.de/10012120045
Cover Image
Uncertain Booms and Fragility
Lee, Michael - 2017
I develop a framework of the build-up and outbreak of financial crises in an asymmetric information setting. In equilibrium, two distinct economic states arise endogenously: normal times – periods of modest investment, and booms – periods of expansionary investment. Normal times occur when...
Persistent link: https://www.econbiz.de/10012960899