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Economics Makes Strange Bedfellows : Pensions, Trusts, and Hedge Funds in an Era of Financial Re-Intermediation

Verret, J. W. - 2009

understand current changes in market structure, including the growth of hedge funds, in general, as well as the advent of …

Persistent link: https://www.econbiz.de/10014210457

Lending Relationships in Loan Renegotiation : Evidence from Corporate Loans

Papoutsi, Melina - 2021

This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience an exogenous interruption in their loan officer...

Persistent link: https://www.econbiz.de/10013227323

Financial Development and Income in Developing Countries

Baliamoune-Lutz, Mina - 2010

This paper presents an empirical analysis of the controversial relationship between financial system development and economic development. Using cointegration and VAR estimations on annual data from Africa, we examine the nature of the relationship between financial development and income. We...

Persistent link: https://www.econbiz.de/10013143224

Reducing Financial Vulnerability : The Development of the Domestic Government Bond Market in Mexico

Jeanneau, Serge - 2013

There is broad evidence that various initiatives undertaken by the Mexican government have been successful in helping to develop the domestic government bond market. The market has grown rapidly, its maturity structure has lengthened and secondary market liquidity has improved. Primary market...

Persistent link: https://www.econbiz.de/10013094479

What Hinders Investment in the Aftermath of Financial Crises: Insolvent Firms or Illiquid Banks?

Kalemli-Ozcan, Sebnem; Kamil, Herman; Villegas-Sanchez, … - C.E.P.R. Discussion Papers - 2011

We provide evidence on the real effects of credit supply shocks utilizing a new firm-level database from six Latin American countries between 1990 to 2005. Holding creditworthiness constant through foreign currency debt exposure, we compare investment undertaken by domestic exporters to that of...

Persistent link: https://www.econbiz.de/10009275697

Naïve versus mean-variance diversification in Indian capital markets

Gupta, Mohit; Aggarwal, Navdeep - In: Asia-Pacific journal of management research and … 11 (2015) 3, pp. 198-204

Persistent link: https://www.econbiz.de/10011392084

Semi-structural VAR and unobserved components models to estimate finance-neutral output gap

Kátay, Gábor; Kerdelhué, Lisa; Lequien, Matthieu - 2020

real-time volatility. While the extended Hodrick-Prescott filter is particularly appealing for its real-time stability, it …

Persistent link: https://www.econbiz.de/10012806440

Revisiting the Link between Finance and Macroeconomic Volatility

Dabla-Norris, Era - 2013

This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 … advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output …, consumption, and investment growth, but only up to a certain point. At very high levels, such as those observed in many advanced …

Persistent link: https://www.econbiz.de/10013086316

Spillovers, Capital Flows and Prudential Regulation in Small Open Economies

Castillo, Paul - 2014

consequently reduce output and asset price volatility …

Persistent link: https://www.econbiz.de/10013047530

Semi-structural VAR and unobserved components models to estimate finance-neutral output gap

Kátay, Gábor; Kerdelhué, Lisa; Lequien, Matthieu - 2020

real-time volatility. While the extended Hodrick-Prescott filter is particularly appealing for its real-time stability, it …

Persistent link: https://www.econbiz.de/10012320331