Search Results - subject:"buffer"

A Model of Price Correlations between Clean Energy Indices and Energy Commodities

Kanamura, Takashi - 2019

Persistent link: https://www.econbiz.de/10012870088

Intergenerational Precautionary Saving in Europe

Scervini, Francesco - 2019

This paper examines the interaction between altruism towards offspring and precautionary savings. It investigates whether increased uncertainty in children labor income fosters savings of parents. We first construct a two-periods and two-generations model, to underline which are the mechanisms...

Persistent link: https://www.econbiz.de/10012870905

When Do Commodity Prices Matter for the Carry Trade? The Role of FX Liquidity

Jeanneret, Alexandre - 2019

Carry traders invest in high-yield currencies, which are typically the currencies of commodity exporters. Guided by this stylized fact, we study the impact of commodity prices on carry trade performance. Commodity price shocks contemporaneously explain and predict carry trade returns but only...

Persistent link: https://www.econbiz.de/10012871608

Forecasting Energy Commodity Prices : A Large Global Dataset Sparse Approach

Ferrari, Davide - 2019

This paper focuses on forecasting quarterly energy prices of commodities, such as oil, gas and coal, using the Global VAR dataset proposed by Mohaddes and Raissi (2018). This dataset includes a number of potentially informative quarterly macroeconomic variables for the 33 largest economies,...

Persistent link: https://www.econbiz.de/10012857769

Firms’ Precautionary Savings and Employment during a Credit Crisis

Melcangi, Davide - 2019

Can the macroeconomic effects of credit supply shocks be large even when a small share of firms are credit-constrained? I use U.K. firm-level accounting data to discipline a heterogeneous-firm model in which the interaction between real and financial frictions induces precautionary cash...

Persistent link: https://www.econbiz.de/10012858740

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices

Faccio, Mara - 2019

In lower-income economies, stocks exhibit less idiosyncratic volatility and business groups are more prevalent. This study connects these two findings by showing that business group affiliated firms' stock returns exhibit less idiosyncratic volatility than do the returns of otherwise similar...

Persistent link: https://www.econbiz.de/10012479857

How to assess the systemic risk buffer for banks

Mæhlum, Sverre; Riiser, Magdalena D. - 2019

Since 2013, Norwegian banks have been required to hold a systemic risk buffer (SyRB) of 3 percent. The reason for the … buffer is to address structural vulnerabilities in the economy and the financial system. The Ministry of Finance has proposed … an increase in the buffer requirement to 4.5 percent. A framework for the use of the buffer has not been established in …

Persistent link: https://www.econbiz.de/10012209804

Hvordan vurdere systemrisikobufferen for bankene?

Mæhlum, Sverre; Riiser, Magdalena D. - 2019

Persistent link: https://www.econbiz.de/10012209807

Oil price drivers, geopolitical uncertainty and oil exporters' currencies

Akram, Qaisar Farooq - 2019

Empirical relationships between crude oil prices and exchange rates of oil exporting countries tend to vary over time. I use econometric models of the norwegian and canadian nominal exchange rates to investigate whether such time-variation could reflect shifts in the key oil price drivers over...

Persistent link: https://www.econbiz.de/10012214320

The saving and employment effects of higher job loss risk

Juelsrud, Ragnar E.; Wold, Ella Getz - 2019

In this paper we use Norwegian tax data and a novel natural experiment to isolate the impact of job loss risk on saving behavior. We find that a one percentage point increase in job loss risk increases liquid savings by roughly 1.2 - 2.0 percent. Further, we show that employment falls in...

Persistent link: https://www.econbiz.de/10012214377