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ההון ושברו (Capital and its Crisis)
Nitzan, Jonathan; Bichler, Shimshon - 2022
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014528620
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Household debt revaluation and the real economy: Evidence from a foreign currency debt crisis
Verner, Emil; Gyöngyösi, Gyîozîo - 2020
We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during Hungary's late-2008 currency crisis. The revaluation of debt burdens leads to higher default rates and a collapse in spending. These responses...
Persistent link: https://www.econbiz.de/10012619147
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Household debt revaluation and the real economy : evidence from a foreign currency debt crisis
Verner, Emil; Gyöngyösi, Győző - 2020
We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during Hungary's late-2008 currency crisis. The revaluation of debt burdens leads to higher default rates and a collapse in spending. These responses...
Persistent link: https://www.econbiz.de/10012175987
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Corporate Debt Structure and Economic Recoveries
Grjebine, Thomas; Szczerbowicz, Urszula; Tripier, Fabien - Centre d'études prospectives et d'informations … - 2014
This paper analyzes the business cycle behavior of the corporate debt structure and its interaction with economic recovery. The debt structure is measured as the share of bonds in the total credit to non-financial corporations for a quarterly panel of twenty five economies over the period...
Persistent link: https://www.econbiz.de/10011082728
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What Do Financial Intermediaries Do?
Allen, Franklin; Santomero, Anthony M. - Financial Institutions Center, Wharton School of Business - 1999
. However, banks have maintained their position relative to GDP by innovating and switching from their traditional business to … techniques. The decline in the traditional banking business and the financial innovation undertaken by banks in the US is …
Persistent link: https://www.econbiz.de/10005838111
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The role of interchange fees in ATM networks
Donze, Jocelyn; Dubec, Isabelle - EconWPA - 2003
We develop a model to study the deployment of shared automated teller machines (ATMs) by banks when an interchange … system compensates them for processing foreign withdrawals. The interchange fee is chosen collectively by banks and it is … collusive device by banks. The model predicts an over-provision of ATMs when the number of banks is large. The predictions of …
Persistent link: https://www.econbiz.de/10005134463
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The Evolution of Payment Costs in Australia
Stewart, Chris; Chan, Iris; Ossolinski, Crystal; … - Reserve Bank of Australia - 2014
This paper examines the costs borne by financial institutions, merchants, and consumers in making, facilitating and accepting consumer-to-business payments. It examines the resource costs incurred by these sectors, how these have changed since 2006, and how fees and other transfers determine...
Persistent link: https://www.econbiz.de/10011094097
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Portfolio and Financing Adjustments for U.S.Banks : Some Empirical Evidence
Krainer, Robert - 2010
This paper presents a model of the portfolio and financing adjustments of U.S. banks over the business cycle. At the …
Persistent link: https://www.econbiz.de/10013138018
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Portfolio and Financing Adjustments for U.S. Banks : Some Empirical Evidence
Krainer, Robert - 2008
This paper presents a model of the portfolio and financing adjustments of U.S. banks over the business cycle. At the …
Persistent link: https://www.econbiz.de/10012771325
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Comparing Projections and Outcomes of Imf-Supported Programs
Musso, Alberto - 2014
Program numbers from a sample of IMF-supported programs are studied as if they were forecasts, through statistical analyses of the relationship between projections and outcomes for growth, inflation, and three balance of payments concepts. Statistical bias is found only for projections of...
Persistent link: https://www.econbiz.de/10012752430