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Allen, Jason; Wittwer, Milena - 2021 - Last updated: August 10, 2021

We identify a sizable wealth redistribution channel which creates a monetary policy trade-off whereby short-term economic stimulus is followed by persistently lower output over the medium term. This trade-off is stronger in economies with more nominal household debt but weakened by a more...

Persistent link: https://www.econbiz.de/10012603256

A Leverage-Based Measure of Financial Stability

Adrian, Tobias; Borowiecki, Karol; Tepper, Alexander - 2021

The size and the leverage of financial market investors and the elasticity of demand of unlevered investors define MinMaSS, the smallest market size that can support a given degree of leverage. The financial system's potential for financial crises can be measured by the stability ratio, the...

Persistent link: https://www.econbiz.de/10013238403

Asymmetric systemic risk

Raykov, Radoslav; Silva-Buston, Consuelo - 2022 - Last updated: May 2, 2022

Bank regulation is based on the premise that risks spill over more easily from large banks to the banking system than … vice versa. On the contrary, we document that risk transmission is stronger in the system-to-bank direction. We term this … banks with positive net exposure to the system had higher default risk during the 2008 crisis, and that bank size and …

Persistent link: https://www.econbiz.de/10013189227

Access to finance and firm performance : evidence from African countries

Fowowe, Babajide - In: Review of development finance 7 (2017) 1, pp. 6-17

countries. In order to achieve this, we made use of a new rich enterprise-level data set from the World Bank's Enterprise …

Persistent link: https://www.econbiz.de/10011714406

Can Islamic banking and finance spur financial inclusion? : evidence from Sub-Saharan Africa

Abdu, Musa; Jibir, Adamu; Abdullahi, Salihu; Rabi'u, … - In: CBN journal of applied statistics 9 (2018) 1, pp. 77-104

model of financial inclusion. The study used World Bank's Global Financial inclusion index (Global Findex) dataset of 2015 …

Persistent link: https://www.econbiz.de/10011922725

FISS : a factor based index of systemic stress in the financial system

Szendrei, Tibor; Varga, Katalin - 2017

Tracking and monitoring stress within the financial system is a key component of macroprudential policy. This paper introduces a new measure of contemporaneous stress: the Factor based Index of Systemic Stress (FISS). The aim of the index is to capture the common components of data describing...

Persistent link: https://www.econbiz.de/10011713853

The nexus between research and development, protection of intellectual property rights and financial development : a European perspective

Hurduzeu, Gheorghe; Lupu, Radu; Lupu, Iulia; Călin, … - In: Amfiteatru economic : an economic and business research … 24 (2022) 16, pp. 970-988

Considering the role of research and development in increasing knowledge with creative work, in this study, we analyse the link between research and development expenditures in several performance sectors (business, government, higher education) and indicators regarding the protection of...

Persistent link: https://www.econbiz.de/10014464924

Financial Development, Inequality and Poverty : Some International Evidence

Ben Naceur, Sami - 2016

This paper provides evidence on the link between financial development and income distribution. Several dimensions of financial development are considered: financial access, efficiency, stability, and liberalization. Each aspect is represented by two indicators: one related to financial...

Persistent link: https://www.econbiz.de/10012996071

Heterogeneous Patterns of Financial Development : Implications for Asian Financial Integration

Bun, Linh - 2017

This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...

Persistent link: https://www.econbiz.de/10012947548

Advancing Financial Development in Latin America and the Caribbean

Heng, Dyna - 2016

This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the...

Persistent link: https://www.econbiz.de/10012982424