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Investment-Led Growth in China : Global Spillovers

Ahuja, Ashvin - 2012

Over the past decade, China's growth model has become more reliant on investment and its footprint in global imports … has widened substantially. Several economies within China's supply chain are increasingly exposed to its investment …-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers …

Persistent link: https://www.econbiz.de/10013096278

The Spillover Effects of a Downturn in China's Real Estate Investment

Ahuja, Ashvin - 2012

Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … estate investment in China ”though a low-probability event” would be sizable, with large spillovers to a number of China … and the rest of the G20 economies, we find that a 1-percent decline in China's real estate investment would shave about 0 …

Persistent link: https://www.econbiz.de/10013097279

Mining Spillovers in Chile

Pérez Ruiz, Esther - 2017

Chile's small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-tradable sector. This paper estimates the effect of copper price shocks on mining,...

Persistent link: https://www.econbiz.de/10012948525

Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector

Gelos, Gaston; Werner, Alejandro M. - 2021

This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …

Persistent link: https://www.econbiz.de/10013321422

Household Leverage and the Recession

Jones, Callum - 2018

We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes...

Persistent link: https://www.econbiz.de/10012910353

Consequences of Asset Shortages in Emerging Markets

Imam, Patrick - 2012

We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. The econometric estimations confirm that asset shortages pose a serious danger to EMs in terms of...

Persistent link: https://www.econbiz.de/10013101522

Asset Price Bubbles : A Selective Survey

Scherbina, Anna - 2013

Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard rational models, the new literature is able to model...

Persistent link: https://www.econbiz.de/10013085616

Bond Markets in Africa

Mu, Yibin - 2013

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. This paper compiles a unique set of data on corporate bond markets in Africa. It then applies an...

Persistent link: https://www.econbiz.de/10013085987

Bank Solvency and Funding Cost

Aymanns, Christoph - 2016

Understanding the interaction between bank solvency and funding cost is a crucial pre-requisite for stress-testing. In this paper we study the sensitivity of bank funding cost to solvency measures while controlling for various other measures of bank fundamentals. The analysis includes two...

Persistent link: https://www.econbiz.de/10012993721

Estimated Policy Rules for Capital Controls

Pasricha, Gurnain Kaur - 2020

This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudential or mercantilist motivations. I explore this question using a novel, weekly dataset on capital control actions in 21 emerging...

Persistent link: https://www.econbiz.de/10012829284