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Sudden stops and reserve accumulation in the presence of international liquidity risk

Lutz, Flora; Zessner-Spitzenberg, Leopold - 2020

We propose a small open economy model where agents borrow internationally and invest in liquid foreign assets to insure against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a pecuniary externality individual agents borrow too much...

Persistent link: https://www.econbiz.de/10012425195

Monetary policy and currency wars : methodological Approach

Bekareva, Svetlana V.; Meltenisova, Ekaterina - 2016

Introduction. The investigation is devoted to the issue of a national financial stability and economic growth. The …

Persistent link: https://www.econbiz.de/10011867054

The corporate saving glut and the current account in Germany

Klug, Thorsten; Mayer, Eric; Schuler, Tobias - 2019

We investigate for Germany the positive correlation between the corporate savings glut in the non-financial corporate sector and the current account surplus from a capital account perspective. By employing sign restrictions our findings suggest that mostly labor market, world demand and...

Persistent link: https://www.econbiz.de/10012265888

Investment funds, monetary policy, and the global financial cycle

Kaufmann, Christoph - 2020

decade and have important policy implications for monetary and financial stability. …

Persistent link: https://www.econbiz.de/10012426255

Development aid and illicit capital flight : evidence from Nepal

Steinkamp, Sven; Westermann, Frank - 2021 - This version: October 2020

While illicit capital flight is a major concern of policy makers in developing countries, there is only little research on the possible link between capital flight and development aid. In this paper, we address the issue for Nepal, a stereotypical financially-closed developing economy that is...

Persistent link: https://www.econbiz.de/10013329728

Growing like Germany : local public debt, local banks, low private investment

Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021 - This version: December 2020, first version: August 2019

The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of local crowding out for a developed economy characterized by low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking...

Persistent link: https://www.econbiz.de/10013330594

Schuld und Schulden : über eine abendländische Transformation

Priddat, Birger P. - 2015

Persistent link: https://www.econbiz.de/10010496779

Determinants of economic growth revisited : is competitiveness and investment the solution for Greece?

Agiomirgianakis, George M.; Sfakianakis, George; … - In: International economics and economic policy : IEEP 13 (2016) 3, pp. 359-367

Persistent link: https://www.econbiz.de/10011714510

Personal indebtedness, community characteristics and theft crime

McIntyre, Stuart - 2013

. Until recently however this did not extend to a consideration of the role of personal indebtedness in explaining the … indebtedness and theft crimes. We also extend the existing empirical literature by building on recent extensions of the Becker … motivating the personal indebtedness and theft crime relationship. There has been a large increase in personal debt in the past …

Persistent link: https://www.econbiz.de/10011515681

Is student debt jeopardizing the short-term financial health of US households?

Elliott, William; Nam, Ilsung - In: Review / Federal Reserve Bank of St. Louis 95 (2013) 5, pp. 405-424

Persistent link: https://www.econbiz.de/10010338269