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markets - to ensure that China spillover estimates do not reflect common factors. Our results show that shocks originating in …
Persistent link: https://www.econbiz.de/10014471891
This paper provides a brief overview of China's capital controls, external asset holdings and the real interest rate, and analyzes the quantitative effects of China's macroeconomic policies between 2000 and 2015, including capital controls, interest rate policy, exchange rate policy and fiscal...
Persistent link: https://www.econbiz.de/10014366828
Persistent link: https://www.econbiz.de/10014484129
Biodiversity loss can have direct economic impacts, as it limits the availability of natural resources and increases costs across various industries. When firms face significant risks due to biodiversity loss, their creditworthiness may be jeopardized. This raises concerns for lending...
Persistent link: https://www.econbiz.de/10014465233
We study the implications of forging stronger political ties with the US on the sensitivities of stock returns around the world to a global common factor - the global financial cycle. Using voting patterns at the United Nations as a measure of political ties with the US along with various...
Persistent link: https://www.econbiz.de/10014448309
In this paper, we examine how a trade conflict's impact on the real economy can be amplified by financial intermediaries. After the Norwegian Nobel Peace Prize Committee awarded the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo, China in practice banned imports of Norwegian salmon. The...
Persistent link: https://www.econbiz.de/10013417483
Zombie firms may adversely impact healthy firms through several transmission channels. Besides real spillover effects … on productivity or investment, zombies may also cause negative financial spillover effects, where zombies receive credit … than healthy firms. The spillover effect of zombie firms on healthy firms’ new credit is not significant. For interest …
Persistent link: https://www.econbiz.de/10014309045
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Persistent link: https://www.econbiz.de/10014495756
This Staff Memo considers some of the available evidence on relative price shocks as a driver of Norwegian inflation dynamics in high- versus low-inflation regimes. The results suggest that relative price shocks have largely been transient over the past two-three decades. However, this has been...
Persistent link: https://www.econbiz.de/10014313779