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Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the contemporary financial system, these institutions received almost no attention in macroeconomic studies so far. Their presence has significant influence on the conduct of monetary...
Persistent link: https://www.econbiz.de/10010334475
The paper discusses global current account imbalances in the context of an asymmetric world monetary system and … against the euro or members of the euro area (euro periphery). The paper finds that changes of world current account positions …
Persistent link: https://www.econbiz.de/10010334477
Droht der Welt als Folge der Finanzkrise ein Währungskrieg? Wird die Welt nach mehr als 50 Jahren der Kooperation …
Persistent link: https://www.econbiz.de/10010334484
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in …, East Asia and the world economy. Distortions originating in real exchange rate stabilization are identified and are argued …
Persistent link: https://www.econbiz.de/10010334486
One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework...
Persistent link: https://www.econbiz.de/10010334491
Persistent link: https://www.econbiz.de/10010334718
This paper presents the results of a survey of Swedish multinationals conducted in 1999. The survey was carried out in order to update an existing database on Swedish manufacturing firms with producing foreign affiliates collected by the Research Institute of Industrial Economics (IUI). The...
Persistent link: https://www.econbiz.de/10010335024
The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the...
Persistent link: https://www.econbiz.de/10010335331
of significantly reduced comparability across observations. This article presents the Standardized World Income …
Persistent link: https://www.econbiz.de/10010335338
Based on the earlier work of one of the authors, this paper develops a unified methodology to compare tax progression for dominance relations under different income distributions. We address it as uniform tax progression for different income distributions and present the respective approach for...
Persistent link: https://www.econbiz.de/10010335339