Showing 1 - 10 of 1,959
We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...
Persistent link: https://www.econbiz.de/10011975741
competition and enhancing the quality of regulation. Other key policies involve fully implementing the recent insolvency reforms …, building an innovation system, overcoming problems in the banking sector and enhancing the quality of public investment through …
Persistent link: https://www.econbiz.de/10011914645
Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an … economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking … improve the performance of the banking system. …
Persistent link: https://www.econbiz.de/10003393903
The influence of financial deepening on income inequality in developed economies is studied with particular interest in the European Union member states that have large penetration of bank credit. Building on the model of financially open economies (Kunieda et al., 2014) and extending its...
Persistent link: https://www.econbiz.de/10012054552
-ups and innovative SMEs, overcoming problems in the banking sector and restarting lending to firms in addition to diversifying …
Persistent link: https://www.econbiz.de/10011700365
the banking sectors highly exposed to government bonds, which in return reduced further market confidence in fiscal … order to durably sever the links between banks and their sovereigns, euro area countries agreed on a banking union. The …
Persistent link: https://www.econbiz.de/10011914287
investment would also help. This could be done by reducing regulatory barriers that hold back competition, improving the …
Persistent link: https://www.econbiz.de/10011700361
liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …
Persistent link: https://www.econbiz.de/10010231008
joining the European Union. Besides touching upon macroeconomic and banking sector indicators that influence access to finance …
Persistent link: https://www.econbiz.de/10011732718
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10010464946