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Do we need central bank digital currency? : economics, technology and institutions
Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018
Persistent link: https://www.econbiz.de/10011944433
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Vote buying or (political) business (cycles) as usual?
Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine; … - 2015
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10011342347
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Vote buying or (political) business (cycles) as usual?
Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine; … - 2015
We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10010491768
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard - 2015
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10013013236
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard - 2015
We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10013025975
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard; Asatryan, Zareh; Badalyan, Lusine; … - 2021
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10013315531
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Counter-Cyclical Enforcement of Corporate Law
Aviram, Amitai - 2007
Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents …': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the … same laws also affect corporate fraud in a significant but unappreciated manner, by 'manipulating the perceptions of the …
Persistent link: https://www.econbiz.de/10014052348
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Endogenous money : on banking behaviour in new and post Keynesian models
Georg, Co-Pierre (contributor); Pasche, Markus (contributor) - 2008
endogenously determined. Although the microeconomics of the bank behaviour is quite simple, credit and money as well as bonds …
Persistent link: https://www.econbiz.de/10003765967
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Financial factors in economic fluctuations
Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2010
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10003973320
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The impact of Basel I capital requirements on bank behaviour and the efficacy of monetary policy
Jabłecki, Juliusz - In: International journal of economic sciences and applied … 2 (2009) 1, pp. 16-35
The paper attempts to investigate the influence of the 1988 Basel Accord on bank behavior and monetary policy. It is … on the transmission mechanism of monetary policy and shows that the Basel Accord has affected the bank lending channel …. -- Basel accord ; capital ratios ; bank regulation ; monetary policy …
Persistent link: https://www.econbiz.de/10009008430