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Explaining the Boom-Bust Cycle in the U.S. Housing Market : A Reverse-Engineering Approach

Gelain, Paolo - 2018

We use a simple quantitative asset pricing model to "reverse-engineer" the sequences of stochastic shocks to housing demand and lending standards that are needed to exactly replicate the boom-bust patterns in U.S. household real estate value and mortgage debt over the period 1995 to 2012....

Persistent link: https://www.econbiz.de/10012937131

Financing ventures

Greenwood, Jeremy; Han, Pengfei; Sanchez, Juan M. - 2017

The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists...

Persistent link: https://www.econbiz.de/10011782639

Public Pension Plans and Inflation in the United States and Other Selected Jurisdictions

Brown, Alex; Firzli, M. Nicolas J.; Franzel, Joshua M. - 2022

Public pension funds are, by far, the world's preeminent asset owners, with more than $ 25 trillions in combined assets. The largest pension funds are found in the United States, Canada, Australia, Japan, the Netherlands and the UK ("pension superpowers"). How they are managed, their funding...

Persistent link: https://www.econbiz.de/10014030997

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Mitchener, Kris James - 2012

This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the manufacturing sector was expanding rapidly and...

Persistent link: https://www.econbiz.de/10013115288

How Banking Deregulation Affects Growth : Evidence from a Panel of U.S. States

Ray-Chaudhuri, Ranajoy - 2012

This paper examines the impact of banking deregulation on growth in the U.S. Many states relaxed restrictions on intra-state bank branching beginning in the early 1960s, both by allowing bank holding companies to convert subsidiaries into branches and by permitting statewide de novo branching....

Persistent link: https://www.econbiz.de/10013101782

The Relation between Financial Development, Energy Consumption and Economic Growth : Empirical Evidence for the United States

Le, Kim-Song - 2014

This paper examines the relation between financial development, energy consumption and economic growth in the United … development and energy consumption on economic growth in the U.S. In addition to examining the relation in the long run of the …. In addition to economic growth, financial development and energy consumption variables, we also examine the impact of …

Persistent link: https://www.econbiz.de/10013048841

Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis

Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...

Persistent link: https://www.econbiz.de/10010471858

Who gains from better access to credit? : credit reform and reallocation of resources

Arnold, Jens Matthias; Flach, Lisandra - 2017

Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit expansion and business investment growth. In this paper, we go beyond average effects and examine to what extent the pro-creditor reform affected the allocation of resources...

Persistent link: https://www.econbiz.de/10011735891

Access to Banking and Its Value in Developed Countries : Evidence from the U.S. Marijuana Industry

Merz, Markus - 2018

How does access to banking services affect small firms in highly developed countries? We exploit the unique legal situation of the U.S. marijuana industry that benefits from the superior institutional environment in terms of legal protection and the labor market but has no access to bank lending...

Persistent link: https://www.econbiz.de/10012935303

Growth, foreign direct investment and urban concentrations: unbundling spatial lags

Poelhekke, Steven; van der Ploeg, Frederick - 2008

Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Persistent link: https://www.econbiz.de/10010276225

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