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Distributional accounts: a tool for monitoring the distribution of household wealth and debt components

Cobreros, Lucía; García Uribe, Sandra; Gómez …

Rationale This article presents annual distributions of aggregate wealth and debt components of Spanish households by income and wealth. Distributions for the period 2002 to 2020 are estimated drawing on the seven available waves of the Spanish Survey of Household Finances, while those for the...

Persistent link: https://www.econbiz.de/10014371535

The accrual and use of the excess savings built up by Spanish households since the onset of the pandemic

Alves, Pana; Martínez Carrascal, Carmen

Rationale Households overall built up a large stock of excess savings during the pandemic. The use of these excess savings and the potential amount currently available for spending are relevant to understanding how they may support consumption over the coming quarters. Takeaways •To end-2022,...

Persistent link: https://www.econbiz.de/10014422103

Macroprudential tools for open-ended investment funds

Cambón, María Isabel; Pedrón, Gema

Artículo de revista ; Over financial stability concerns, supervisors and regulators have turned their attention to non-bank financial institutions and activities because of the importance they have taken on in recent years. Discussions have started globally over whether macroprudential policy...

Persistent link: https://www.econbiz.de/10014502650

Essays on Agency in International Finance.

Mukherjee, Rahul - 2010

Firms and investors often operate in environments with market imperfections and agency frictions. It is common wisdom that the effects of these microeconomic frictions are amplifed or mitigated by the quality of economic institutions in a country. Yet little is known about the precise channels...

Persistent link: https://www.econbiz.de/10009477490

Financial Globalisation, Governance, and the Evolution of the Home Bias

Viñals Íñiguez, José María

Evento: V Conferencia Anual del BIS

Persistent link: https://www.econbiz.de/10013267388

Cointegration of International Stock Markets: An Investigation of Diversification Opportunities

Khan, Taimur A - 2011

Abstract: This paper examines the long-run convergence of the United States and 22 other developed and developing countries. I use daily data and run the Johansen (1988) and the Gregory and Hansen (1996) test to show that stock markets of most countries have become cointegrated by 2010. I also...

Persistent link: https://www.econbiz.de/10009449301

Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application

Cai, Bing - 2010

2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …

Persistent link: https://www.econbiz.de/10009439053

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441242

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441300

The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates

Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010

Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...

Persistent link: https://www.econbiz.de/10009446025