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Mitra, Pritha - 2020

Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child … marriage is not only critical from a development perspective but it also has important economic implications. This paper is the … first to quantify the relationship between child marriage and economic growth. Applying a simultaneous equations model, the …

Persistent link: https://www.econbiz.de/10012840221

Exploring the Dynamics of Global Liquidity

Chen, Sally - 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediatires and a corresponding price series....

Persistent link: https://www.econbiz.de/10013098562

Threshold Effects of Sovereign Debt : Evidence from the Caribbean

Greenidge, Kevin - 2012

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt dynamics begin changing well before this threshold is...

Persistent link: https://www.econbiz.de/10013102202

Spatial Dependence and Data-Driven Networks of International Banks

Craig, Ben R. - 2016

This paper computes data-driven correlation networks based on the stock returns of international banks and conducts a comprehensive analysis of their topological properties. We first apply spatial-dependence methods to filter the effects of strong common factors and a thresholding procedure to...

Persistent link: https://www.econbiz.de/10012977779

The Impact of Product Market Reforms on Firm Productivity in Italy

Lanau, Sergi - 2016

This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity. Using firm-level data from Italy during 2003-13 and OECD measures of product market regulation, we estimate the effect of deregulation in network sectors on value added and...

Persistent link: https://www.econbiz.de/10012977836

Is There a Debt-Threshold Effect on Output Growth?

Chudik, Alexander - 2015

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the...

Persistent link: https://www.econbiz.de/10013013818

Non-Linear Exchange Rate Pass-Through in Emerging Markets

Caselli, Francesca - 2016

This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate fluctuations to prices using local projection techniques to obtain state dependent...

Persistent link: https://www.econbiz.de/10012983957

World Saving

Grigoli, Francesco - 2014

This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...

Persistent link: https://www.econbiz.de/10013040407

Credit Growth and Economic Recovery in Europe after the Global Financial Crisis

Antoshin, Sergei - 2018

This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous recoveries, with the 'double-dip' recessions in 2011-12...

Persistent link: https://www.econbiz.de/10012929951

Feeling the Heat : Climate Shocks and Credit Ratings

Cevik, Serhan; Jalles, João Tovar - 2021

Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign...

Persistent link: https://www.econbiz.de/10013250076