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The Failure of Financial Macroeconomics and What to Do About It

Chatelain, Jean-Bernard - 2012

The bargaining power of international banks is currently still very high as compared to what it was at the time of the Bretton Woods conference. As a consequence, systemic financial crises are likely to remain recurrent phenomena with large effects on macroeconomic aggregates. Mainstream...

Persistent link: https://www.econbiz.de/10013103661

Renminbi Internationalization and China’s Financial Development

McCauley, Robert N. - 2013

For now, effective capital controls allow the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond market rationing. Relaxation of the capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from...

Persistent link: https://www.econbiz.de/10013092014

An exploration of First Nations reserves and access to cash

Chen, Heng; Engert, Walter; Huynh, Kim P.; O'Habib, Daneal - 2021

Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is adequately distributed across society, and this also influences the Bank’s thinking on issuing a central bank digital currency. We provide a perspective on these issues by...

Persistent link: https://www.econbiz.de/10012520249

Identifying financially remote First Nations reserves

Chen, Heng; Engert, Walter; Huynh, Kim P.; O'Habib, Daneal - 2022

Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an automated banking machine (ABM) or financial institution (FI) branch and more than half are within 5 km. Further, over three-quarters of band offices are within 20 km of an ABM...

Persistent link: https://www.econbiz.de/10013193291

Is central bank currency fundamental to the monetary system?

Armelius, Hanna; Claussen, Carl Andreas; Hendry, Scott - 2020

In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits) into central bank money is fundamentally important for the monetary system. This is a significant question since the use of cash - the only form of central bank money that the...

Persistent link: https://www.econbiz.de/10012214507

Agency costs and investment behavior

Dorofeenko, Viktor; Lee, Gabriel S.; Salyer, Kevin Duff - 2005

How do differences in the creit channel affect investment behavior in the U.S. and the Euro area? To analyze this … default premium associated with bank loans and bankruptcy rates, to identify the differences in the U.S. and European … elasticities for capital are less elastic than the U.S. -- agency costs ; credit channel ; investment behavior ; E.U. area …

Persistent link: https://www.econbiz.de/10009730390

The Financial Lobby and Impact of Other Stakeholders in the EU: A good model for emancipation of the financial system in Kosovo

govori, fadil - Volkswirtschaftliche Fakultät, … - 2012

Lobbying is a phenomenon which is already present in all political systems and it is not surprising if you consider the issue of lobbying within the formal structures of governance of financial markets and financial industry in the EU and Kosovo. However, the complex and inscrutable...

Persistent link: https://www.econbiz.de/10011113468

The Future of Banking in CESEE after the Financial Crisis

Gnan, Ernest; Simor, Andras; Schepers, Manfred; Eller, … - 2011

On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...

Persistent link: https://www.econbiz.de/10011689947

Collateral, Access to Credit and Investment in Bulgaria

Bogetic, Zeljko - 2011

The paper reviews legal, institutional and enforcement problems behind the lack of collateral credit to private firms in the early transition in Bulgaria. It also quantifies the cost of these problems and outlines an approach to reform of collateral institutions in order to increase the supply...

Persistent link: https://www.econbiz.de/10013125783

The Empirical Evidence of Corporate Tax Impact on Private Investment of Developing Countries Using Ghana as a Case Study

Tweneboah Senzu, Emmanuel - 2019

To understand and appreciate the crucial role privates' investment plays in developing economies towards it sustainable …' Investment in developing countries, however narrowed the study on the economy of Ghana for the hypothetical test. For this very … reason, the study sought to establish an empirical evidence between corporate tax and it impacts on private investment using …

Persistent link: https://www.econbiz.de/10012891904