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Reducing macroeconomic imbalances in Turkey

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Erdoğan … - 2014

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...

Persistent link: https://www.econbiz.de/10010464946

Information and Cost of Equity Capital in Brazil : Does Competition Matter?

Pontes Girão, Luiz Felipe de Araújo - 2018

The objective of this paper was to analyze the effect of competition over better information on the cost of equity capital of Brazilian firms that trade their shares at the BM&FBovespa. The theoretical framework used models to analyze the expectations equilibrium when the information is not...

Persistent link: https://www.econbiz.de/10012930800

FINANCIAL PREDATION BY THE WEAK

Bougheas, Spiros; Saksit Thananittayaudom - University <Nottingham> / Department of Economics - 2005

We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We analyzethe consequences of this trade-off between a financial and a strategicadvantage for both the design of financial contracts and market structure.We derive conditions...

Persistent link: https://www.econbiz.de/10005868761

IMPERFECTLY COMPETITIVE FINANCE, SENIORITY WAGES AND ECONOMIC GROWTH

Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005

If households and firms face different interest rates, there may be mutual gains in forming seniority wage contracts, which facilitate implicit saving by younger workers, who might otherwise save either little or nothing at all at low interest rates. A three-period OLG model is presented with...

Persistent link: https://www.econbiz.de/10005868770

Market Competition and Bank Efficiency : A Post GFC Assessment of Australia and New Zealand

U-Din, Salah - 2017

examines the relationship between market competition and bank efficiency in these two markets during this period. The Quiet … Life Hypothesis (QLH) is tested to estimate relationship between market concentration, power, and bank efficiency. The … bank efficiency. Results find a positive impact of market power and concentration on profit efficiency whereas negative …

Persistent link: https://www.econbiz.de/10012949614

Banks, markets, and efficiency

Fecht, Falko; Martin, Antoine - 2005

rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …

Persistent link: https://www.econbiz.de/10010295897

Banks, markets, and efficiency

Fecht, Falko; Martin, Antoine - 2005

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

Persistent link: https://www.econbiz.de/10010283333

Big banks and macroeconomic outcomes : theory and cross-country evidence of granularity ; conference paper

Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013

right tail of the bank size distribution follows a power law. Also, the presence of big banks as measured by high market …

Persistent link: https://www.econbiz.de/10010336792

Banks, markets, and efficiency

Fecht, Falko (contributor); Martin, Antoine (contributor) - 2005

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

Persistent link: https://www.econbiz.de/10002917590

Money, credit and imperfect competition among banks

Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac - 2022

) relationship between the standard deviation (coefficient of variation) and the average in bank lending-rate markups. In a …. Normatively, under a given inflation target, welfare gains arise if a central bank can use additional liquidity-provision (or tax …

Persistent link: https://www.econbiz.de/10013169196

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