The global financial crisis (GFC) triggered the use of macroprudential policies imposed on the banking sector. Using bank-level panel data for Israel for the period 2004–2019, we find that domestic macroprudential measures changed the composition of bank credit growth but did not affect the...

We investigate nontradable and tradable identical Treasury derivatives. The nontradability premium is statistically and economically significant, and covaries positively with interest rate volatility and relative tightness in the markets. Our data offer an almost-perfect laboratory to study the...

Impressive progress has been made in cooperation in science and technology between South Africa and the European Union since the two parties entered into the agreement of 1997. Starting from a low base over the FP4-FP6 period, South African researchers have increased their involvement in FP7 to...

This work uses data from the Israeli Household Expenditure Survey for 2003 - 2011 to assess the effect of changes in home and rent prices on households' private consumption expenditure. We find that an increase in home prices acts to increase owners' consumption, particularly in the intermediate...