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In 2018, the Insurance Distribution Directive (IDD) was fully implemented by all EU member states. It intends to harmonize the insurance market, provide the right incentives for the agents and protect the consumers. But why? The core business of the banking sector makes it necessary for a...
Persistent link: https://www.econbiz.de/10012228040
We study the macroeconomic effects of bank capital requirements in an economy with two banking sectors. Banks are connected through a wholesale funding market. Anticipated banking crises occur endogenously in the form of self-fulfilling wholesale funding rollover crises. Retail bank capital...
Persistent link: https://www.econbiz.de/10012265800
Stylized data shows a structural break in the integration of lending markets which coincides with the global financial crisis. During and after the crisis, banks actively reduced their share of foreign relative to domestic banking activity and lending in particular. This increase in lending...
Persistent link: https://www.econbiz.de/10012317329
Medicago Sativa, also known as fodder for animals, has the propriety to increase the content of organic substance from the soil. After the biological, chemical and biochemical research on this plant, there was found an important/significant content of nutritive substances necessary for the human...
Persistent link: https://www.econbiz.de/10011456580
Persistent link: https://www.econbiz.de/10013164456
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The article highlights the main trends in the development of world energy. The method of forecasting energy consumption … is presented, taking into account the level and dynamics of energy consumption in general, as well as the use of …, the key indicators determining the global energy demand are the dynamics of the energy intensity of GDP and per capita …
Persistent link: https://www.econbiz.de/10012177413
The increased share of horticultural crops in the world economy of agricultural production is due to the role that grapes, fruits and vegetables have in the rational nutrition of man and in increasing the national income of the cultivating countries, as well as in improving the microclimatic...
Persistent link: https://www.econbiz.de/10014547083
Evidence on the effectiveness of FX interventions in the prevailing higher frequency approaches leaves a gap at horizons going beyond a few days. This is addressed by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Using Japanese data, we...
Persistent link: https://www.econbiz.de/10012232128
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the...
Persistent link: https://www.econbiz.de/10012304687