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Insurers Monitor Shocks to Collateral: Micro Evidence from Mortgage-Backed Securities

Fetzer, Thiemo; Guin, Benjamin; Netto, Felipe; Saidi, Farzad - 2024

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized assets. We address this question in the context of commercial real estate cash flow shocks, which are informationally opaque to holders of commercial mortgage-backed securities...

Persistent link: https://www.econbiz.de/10015096958

Government Spending Efficiency in Latin America

Fraga, Gabriel Baquero; Afonso, António - 2022

We assess the public spending efficiency of 20 Latin American countries over the period of 2000-2019, computing Data … Envelopment Analysis efficiency scores. For the Public Sector Performance composite indicator, we use the annual data of socio …

Persistent link: https://www.econbiz.de/10014241608

Efficiency of Universities and Research-Focused Institutions Worldwide : An Empirical DEA Investigation Based on Institutional Publication Numbers and Estimated Academic Staff Numb...

Bornmann, Lutz - 2020

the efficiency of institutions worldwide, the problem concerning the availability of internationally standardized data …. We calculate efficiency scores for more than 4,800 universities and other research-focused institutions worldwide … America or Europe. The results of the study show that institutions in the Pacific region have the highest average efficiency …

Persistent link: https://www.econbiz.de/10012839362

Does Government Spending Efficiency Improve Fiscal Sustainability?

Afonso, António; Alves, José - 2022

We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries … revenues to changes in government spending. Next, we make use of so-called government spending efficiency scores, which … the input efficiency scores obtained, countries’ fiscal balance and fiscal sustainability is directly improved by the use …

Persistent link: https://www.econbiz.de/10013289691

Monetary Interventions and the Rise of Non-Bank Lenders

Cafiso, Gianluca; Rivolta, Giulia - 2022

The amount of assets managed by non-bank lenders has increased significantly over the last decades. Our research aims to clarify whether such an increase has had any impact on the effectiveness of monetary policy. To this end, we consider several credit aggregates granted from bank and non-bank...

Persistent link: https://www.econbiz.de/10013427735

Financial Sector Development in Brunei Darussalam: Depth, Access, and Efficiency: A Comparative Analysis

Bhattacharyay, Biswa Nath; Bhattacharyay, Madhurima - 2022

depth, access and efficiency during 2014-2018 based on 24 indicators. This paper starts with the examination of the role of … study period compared to its most ASEAN and GCC countries. The efficiency of banking sector, on an average, remained at a … sector development through enhancing depth and efficiency of the banking sector and the development of efficient bond and …

Persistent link: https://www.econbiz.de/10013427746

Firm Performance, Financial Institutions and Corporate Governance in the Netherlands

Chirinko, Robert S.; van Ees, Hans; Garretsen, Harry; … - 1999

This paper analyses the impact of share ownership, creditorship and networking by financial institutions on the performance of 94 Dutch non-financial firms in the period 1992-1996. We find a nonlinear relationship between firm performance and ownership by banks. Because of various defense...

Persistent link: https://www.econbiz.de/10010314940

Credit Constraints, Quality, and Export Prices: Theory and Evidence from China

Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - 2013

This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis's (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...

Persistent link: https://www.econbiz.de/10010319388

Consumption, wealth and business cycles in Germany

Hamburg, Britta; Hoffmann, Mathias; Keller, Joachim - 2005

This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data from 1980 to 2003. While earlier studies – mostly for the Anglo- Saxon economies – have generally documented that departures of these three variables from their common trend...

Persistent link: https://www.econbiz.de/10010261168

Financial dollarization and European Union membership

Neanidis, Kyriakos C. - 2010

We analyze the effect of European Union (EU) membership on financial dollarization for the Central and Eastern European countries. Using a unique monthly dataset that spans about two decades, we find that both the accession process toward EU membership and EU entry have a direct impact on...

Persistent link: https://www.econbiz.de/10010270541