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Does Government Intervention Affect Banking Globalization?

Kleymenova, Anya - 2016

globalization along three dimensions: depth, breadth and persistence. We examine depth by studying whether a bank's preference for … country or nationalized banks from different countries, consistent with an impact on the breadth of globalization. Third, we … government interventions affect the depth and breadth of banking globalization, but may not persist after public interventions …

Persistent link: https://www.econbiz.de/10012456692

How Important is the Global Financial Cycle? Evidence from Capital Flows

Cerutti, Eugenio - 2017

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...

Persistent link: https://www.econbiz.de/10012454983

Political Borders and Bank Lending in Post-Crisis America

Chavaz, Matthieu - 2016

We use spatial discontinuities associated with congressional district borders to identify the effect of political influences on American banks' lending. We show that recipients of the 2008 public capital injection program (TARP) increased mortgage and small business lending by 23% to 60% more in...

Persistent link: https://www.econbiz.de/10012455874

Estimating the Effect of Currency Unions on Trade and Output

Frankel, Jeffrey A. - 2000

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...

Persistent link: https://www.econbiz.de/10012470886

One Money, One Market : Estimating the Effect of Common Currencies on Trade

Rose, Andrew K. - 1999

trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries …

Persistent link: https://www.econbiz.de/10012471350

Noise Trading and Exchange Rate Regimes

Jeanne, Olivier - 1999

Both the literature and new empirical evidence show that exchange rate regimes differ primarily by the noisiness of the exchange rate, not be measurable macroeconomic fundamentals. This motivates a theoretical analysis of exchange rate regimes with noise traders. The presence of noise traders...

Persistent link: https://www.econbiz.de/10012471695

Undertstanding the Home Market Effect and the Gravity Equation : The Role of Differentiating Goods

Feenstra, Robert C. - 1998

This paper argues that the theoretical foundations for the gravity equation are general, while the empirical performance of the gravity equation is specific to the type of goods examined. Most existing theory for the gravity equation depends on the assumption of differentiated goods. We show...

Persistent link: https://www.econbiz.de/10012472009

Staying Afloat When the Wind Shifts : External Factors and Emerging-Market Banking Crises

Eichengreen, Barry - 1998

We analyze banking crises using a panel of macroeconomic and financial data for more than one hundred developing …

Persistent link: https://www.econbiz.de/10012472448

Putting Things in Order : Patterns of Trade Dynamics and Growth

Feenstra, Robert C. - 1997

We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the product cycle' hypothesis. Countries habitually begin to export goods to the United States...

Persistent link: https://www.econbiz.de/10012472846

Currency Crashes in Emerging Markets : Empirical Indicators

Frankel, Jeffrey A. - 1996

We use a panel of annual data for over one hundred developing countries from 1971 through 1992 to characterize currency …

Persistent link: https://www.econbiz.de/10012473427