Similar Search Results

Popov, Alexander - 2017

economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development a¤ects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and important … society, as well as the channels through which finance can slow down long-term growth. …

Persistent link: https://www.econbiz.de/10011764391

Financial markets and green innovation

Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022

Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...

Persistent link: https://www.econbiz.de/10013285966

Financing the Capital Development of the Economy : A Keynes-Schumpeter-Minsky Synthesis

Mazzucato, Mariana - 2015

Persistent link: https://www.econbiz.de/10013023068

Financial Markets and Green Innovation

Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022

Fulfilling the commitments embedded in the Paris Agreement requires a climate-technologyrevolution. Patented innovation of low-carbon technologies is lower in the EU than in selectedpeers, and very heterogeneous across member states. We motivate this fact with anendogenous model of directed...

Persistent link: https://www.econbiz.de/10013404039

Trading dynamics with adverse selection and search: Market freeze, intervention and recovery

Chiu, Jonathan; Koeppl, Thorsten V. - 2011

We study the trading dynamics in an asset market where the quality of assets is private information of the owner and finding a counterparty takes time. When trading of a financial asset ceases in equilibrium as a response to an adverse shock to asset quality, a large player can resurrect the...

Persistent link: https://www.econbiz.de/10010319657

Examining simple joint macroeconomic and term-structure models: A practitioner's perspective

Bolder, David Jamieson; Liu, Shudan - 2007

The primary objective of this paper is to compare a variety of joint models of the term structure of interest rates and the macroeconomy. To this end, we consider six alternative approaches. Three of these models follow from the work of Diebold and Li (2003) with a generalization in Bolder...

Persistent link: https://www.econbiz.de/10010279893

Capital requirement and financial frictions in banking: Macroeconomic implications

Dib, Ali - 2010

The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets. He investigates the importance of banking sector frictions on business cycle fluctuations and assesses the...

Persistent link: https://www.econbiz.de/10010280036

Using speed and credit limits to address the procyclicality of initial margin at central counterparties

Chande, Nikil; Labelle, Nicholas - 2016

This paper proposes a practical approach to address the procyclicality of initial margin at central counterparties (CCPs) that can work even in periods of extreme stress. The approach allows CCPs to limit the speed of margin increases resulting from spikes in market volatility. To maintain the...

Persistent link: https://www.econbiz.de/10011538621

Do investors care about consumption taxes? : evidence from equities in advanced and emerging economies

Pallan, Hayley - 2022

This paper examines whether investors react to consumption taxes. Despite the near global adoption of VAT policies, relatively little is known regarding the investor response to VAT changes. In an event-study setup, using a new dataset of daily equity returns and precise dates of tax policy...

Persistent link: https://www.econbiz.de/10013259513

Canadian securities lending market ecology

Johal, Jesse; Roberts, Joanna; Sim, John - 2019

This is the fourth of the Financial Markets Department's descriptions of Canadian financial industrial organization. The paper discusses the organization of the securities lending market in Canada. We outline key characteristics of securities lending contracts, participants in the securities...

Persistent link: https://www.econbiz.de/10012030423

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