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Kuular, Elena - 2021

The country's financial system is known to play a key role in macroeconomics. Increased demand as well as business opportunities require a more efficient financial system. Everything that happens in the financial sector directly affects the welfare of citizens. These are, the amount of profit...

Persistent link: https://www.econbiz.de/10013238453

Stablecoins and their risks to financial stability

MacDonald, Cameron; Zhao, Laura - 2022

The market for fiat-referenced cryptoassets, commonly known as stablecoins, has expanded rapidly in recent years alongside the growth of the cryptoasset ecosystem. In fact, the market capitalization of stablecoins increased by more than 30 times since the beginning of 2020. What risks could...

Persistent link: https://www.econbiz.de/10013465126

Business fixed investment and credit market frictions : a VECM approach for Hungary

Endrész, Marianna - 2011

relationships were found, each corresponding to a reduced form investment, a loan demand and a loan supply equation, where loan … significant impact on investment. -- aggregate investment ; financial frictions ; cointegration ; error correction models. …

Persistent link: https://www.econbiz.de/10008990919

Fundamentals, misvaluation, and investment : the real story

Chirinko, Robert S.; Schaller, Huntley - 2006

Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We … introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama … misvaluation into standard investment equations to estimate the quantitative effect of misvaluation on investment. Overall, the …

Persistent link: https://www.econbiz.de/10009736657

Why does equity capital flow out of high Tobin's q industries?

Lee, Dong Wook; Shin, Han; Stulz, René M. - 2020

rents than for investment opportunities have become more important within industries. For these firms, repurchases increase …

Persistent link: https://www.econbiz.de/10012168947

Does saving increase the supply of credit? : a critique of loanable funds theory

Lindner, Fabian - 2013

economists identify saving and the credit supply by interpreting the macroeconomic saving-investment identity as a budget … supply of credit and thus more funds to be invested by firms for investment. The paper shows that proponents of this theory …

Persistent link: https://www.econbiz.de/10010201646

Financial networks as a source of systemic instability

Zieliński, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 3, pp. 59-68

Systemic risk is a fundamental constituent of contemporary financial systems. For the past decades a growing number of abrupt upsets in financial systems could be observed. Due to previous experiences, politicians and regulators prefer to identify the off enders outside the system or to blame...

Persistent link: https://www.econbiz.de/10011616783

Financial development and investment dynamics in Mauritius : a trivariate Granger-causality analysis

Muyambiri, Brian; Odhiambo, Nicholas M. - In: Spoudai : journal of economics and business 68 (2018) 2/3, pp. 62-73

investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an … market-based financial development Granger-cause investment, both in the short run and in the long run. The study, therefore … development in order to spur investment. …

Persistent link: https://www.econbiz.de/10011922312

Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment

Howes, Cooper - 2021

While investment in most sectors declines in response to a contractionary monetary policy shock, investment in the …

Persistent link: https://www.econbiz.de/10013213795

House Prices, Money, Credit and the Macroeconomy

Goodhart, Charles; Hofmann, Boris - 2021

This paper assesses the linkages between money, credit, house prices and economic activity in industrialised countries over the last three decades. The analysis is based on a fixed-effects panel VAR estimated using quarterly data for 17 industrialized countries spanning the period 1970-2006. The...

Persistent link: https://www.econbiz.de/10013316547