Narrow search
Showing 1 - 10 of 5,897
Cover Image
Components of U.S. Financial Sector Growth, 1950-2013
Antill, Samuel - 2014
The U.S. financial sector grew steadily as a share of the total business sector from 1959 until the recent financial crisis, when the trend reversed. In this article, the authors develop measures based on firm-level data to estimate the size of the financial sector and its subsectors relative to...
Persistent link: https://www.econbiz.de/10013055770
Cover Image
Frontiers of Macrofinancial Linkages
Claessens, Stijn - 2018
The Great Financial Crisis of 2007-09 confirmed the vital importance of advancing our understanding of macrofinancial linkages, the two-way interactions between the real economy and the financial sector. The crisis was a bitter reminder of how sharp fluctuations in asset prices, credit and...
Persistent link: https://www.econbiz.de/10012929483
Cover Image
Foreign Bank Identity : Does it Matter for Credit Growth?
Mehigan, Caroline - 2016
This paper provides robust evidence that the home country identity of a foreign-owned bank is an important consideration for credit growth. Among the set of foreign-owned banks we find significant differences in loan growth between banks from advanced than emerging source countries during the...
Persistent link: https://www.econbiz.de/10012990034
Cover Image
Islamic stock market and sukuk market development, economic growth, and trade openness (the case of Indonesia and Malaysia)
Muharam, Harjum; Anwar, Resi Junita; Robiyanto, Robiyanto - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 20 (2019), pp. 196-207
This study was conducted in order to analyse the two-way relationship between the Islamic stock market and sukuk market development, and economic growth. this study also analyses whether trade openness influences the development of the Islamic stock market and sukuk market, and economic growth....
Persistent link: https://www.econbiz.de/10012020144
Cover Image
How to value GDP-linked collar bonds? : an introductory perspective
Schinckus, Christophe - In: Theoretical economics letters 3 (2013) 3, pp. 152-155
Persistent link: https://www.econbiz.de/10010239693
Cover Image
Understanding asset correlations
Burkhardt, Dominic; Hasseltoft, Henrik - 2012 - This draft: September 2012
We document an inverse relation between stock-bond correlations and correlations of growth and inflation. We find that … rising inflation uncertainty lowers stock prices but can either lower or raise nominal bond prices depending on whether … important drivers of stock-bond correlations during the countercyclical period 1965-2000 while output shocks dominated during …
Persistent link: https://www.econbiz.de/10009684165
Cover Image
Secular economic changes and bond yields
Feunou, Bruno; Fontaine, Jean-Sébastien - In: The review of economics and statistics 105 (2023) 2, pp. 408-424
Persistent link: https://www.econbiz.de/10014295668
Cover Image
On Stock Market Illiquidity and Real-Time GDP Growth
Florackis, Chris - 2014
This study examines whether stock market illiquidity forecasts real UK GDP growth using data over the period 1989q1-2012q2. Apart from standard linear model specifications, we also utilize non-linear models, which allow for regime switching behavior in terms of a liquid versus an illiquid market...
Persistent link: https://www.econbiz.de/10013065286
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
Cover Image
Financial development: A broader perspective
Reid, Richard - 2010
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10010286191