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How do the liquidity functions of banks affect investment and growth at different stages of economic development? How … issues using an overlapping generations growth model where agents, who experience idiosyncratic liquidity shocks, can invest … in a liquid storage technology or in a partially illiquid Cobb Douglas technology. By pooling liquidity risk, banks play …
Persistent link: https://www.econbiz.de/10005827489
Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. This paper describes the causes of this expansion, assesses future trends, and evaluates its policy...
Persistent link: https://www.econbiz.de/10005769208
This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial...
Persistent link: https://www.econbiz.de/10004978077
How do the liquidity functions of banks affect investment and growth at different stages of economic development? How … issues using an overlapping generations growth model where agents, who experience idiosyncratic liquidity shocks, can invest … in a liquid storage technology or in a partially illiquid Cobb-Douglas technology. By pooling liquidity risk, banks play …
Persistent link: https://www.econbiz.de/10005000698
deposits combined with nominal depreciation or low liquidity, and (iii) low bank profitability-highlight that foreign currency …
Persistent link: https://www.econbiz.de/10005599621
How do the liquidity functions of banks affect investment and growth at different stages of economic development? How … illiquid Cobb Douglas technology. By pooling liquidity risk, banks play a growth enhancing role in reducing inefficient … liquidation of long term projects, but they may face liquidity crises associated with severe output losses. Middle income …
Persistent link: https://www.econbiz.de/10005650464
How do the liquidity functions of banks affect investment and growth at different stages of economic development? How … issues using an overlapping generations growth model where agents, who experience idiosyncratic liquidity shocks, can invest … in a liquid storage technology or in a partially illiquid Cobb Douglas technology. By pooling liquidity risk, banks play …
Persistent link: https://www.econbiz.de/10005702659
simple open economy model in which banking crises translate into negative liquidity shocks, leading to collapses in exports …
Persistent link: https://www.econbiz.de/10010790269
of default between a solvency and a liquidity component. The results show a gradual build-up of fragilities before 2008 … in most countries. Increased probabilities of default are shown to be mainly driven by a surge in liquidity risk, even …
Persistent link: https://www.econbiz.de/10010827732
This Selected Issues paper discusses capital and liquidity regulations in Sweden. It recaps the recent debates on … capital and liquidity buffers, and discusses a way to consider appropriate levels of capital and liquidity buffers in the case … of Sweden. The paper estimates the government’s contingent liabilities from banks by different capital and liquidity …
Persistent link: https://www.econbiz.de/10011244133