Showing 1 - 10 of 74
complementarity or substitutability. In addition, and to our knowledge novel, we propose a measure of concordance (or proximity …
Persistent link: https://www.econbiz.de/10012120586
Persistent link: https://www.econbiz.de/10000916210
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the causes and effects of banks' sovereign exposures during and after the euro crisis. First, in the vulnerable countries, the publicly owned, recently bailed out and less strongly capitalized banks reacted to...
Persistent link: https://www.econbiz.de/10011974892
from collateralized and uncollateralized transactions. Moreover, the spillover effects of fire sales, haircut …
Persistent link: https://www.econbiz.de/10011975678
Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
Persistent link: https://www.econbiz.de/10011975694
Productivity is the ultimate driver of sustainable increases in living standards. While Ireland is a high productivity country, it has not been immune from the global productivity slowdown, with the pace of growth on a downward trend throughout the 2000s. Little research has been carried out as...
Persistent link: https://www.econbiz.de/10011975730
argued to provide further economic benefits through spillover effects that potentially increase the productivity performance … linkages. In addition, we consider the heterogeneity of investors and allow the spillover effects to differ for foreign … domestic firms. Finally, considering the absorptive capacity of domestic firms and allowing the spillover effects to differ …
Persistent link: https://www.econbiz.de/10011975739
Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
Persistent link: https://www.econbiz.de/10011978741
I examine the relevance of contagion in explaining financial distress in the US banking system by identifying the component of bank level probabilities that is due to contagion. Identification is achieved after controlling for macrofinancial and bank specific shocks that have similar...
Persistent link: https://www.econbiz.de/10011978772
In this paper I study how the effects of nationally implemented macroprudential policy spill across borders via international lending. For a set of 157 countries, I estimate a gravity model applied to international banking where the use of different macroprudential policy measures enter as...
Persistent link: https://www.econbiz.de/10012098204