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This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
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This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
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Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10012135983
This paper reviews empirical research on finance and labour markets. Preliminary themes in the literature follow. Finance may interact with labour market institutions to jointly determine labour outcomes. Highly leveraged firms show greater employment volatility during cyclical fluctuations, and...
Persistent link: https://www.econbiz.de/10011914294
-related banking crises. Relying on data on real estate-related banking crises for 25 EU countries, a signalling approach is applied in …'s work on the operationalisation of macroprudential policy in the banking sector. This Occasional Paper highlights the … important role of both real estate price variables and credit developments in predicting real estate-related banking crises. The …
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requirements for banking and heightened international competition pose challenges. Moreover, the financial sector has reached a …
Persistent link: https://www.econbiz.de/10011399552