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Revisiting the Inflation-Repression Relationship

Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2005

The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …

Persistent link: https://www.econbiz.de/10005773203

Formal targets, central bank independence and inflation dynamics in the UK: A Markov-Switching approach

Miles, William; Vijverberg, Chu-Ping - In: Journal of Macroeconomics 33 (2011) 4, pp. 644-655

We examine inflation and uncertainty in the UK with a version of the Markov Switching model, which allows for changes … in lowering inflation uncertainty. The 1981 budget, however, greatly lowered uncertainty, and the adoption of a formal … inflation target also had a palpable, negative impact on inflation uncertainty. As a suggestive exercise, we examine inflation …

Persistent link: https://www.econbiz.de/10010875215

Lines of Credit and Investment: Firm-Level Evidence of Real Effects of the Financial Crisis

Holmberg, Karolina - Sveriges Riksbank - 2013

Using Swedish bank lending data, investment data and accounting data, I examine how the financial crisis affected corporate investment through its effect on credit availability. Sensitivity to a credit supply shock is measured as credit reserves, defined as unused credit on lines of credit. I...

Persistent link: https://www.econbiz.de/10010818843

Carrying the (paper) burden: A portfolio view of systemic risk and optimal bank size

Bos J.W.B.; Lamers M.A.J.; Purice V. - Graduate School of Business and Economics (GSBE), … - 2014

We examine the relationship between bank size and financial stability by viewing the supervisor of a banking system as an investor holding a portfolio of banks. Based on this view, we investigate the role of large banks in determining the systemic risk in this portfolio. Our results, based on...

Persistent link: https://www.econbiz.de/10010779343

Endogenous monetary policy shifts and the term structure: Evidence from Japanese government bond yields

Koeda, Junko - In: Journal of the Japanese and International Economies 29 (2013) C, pp. 170-188

effect of deflation (inflation) on lowering (raising) bond yields amplifies on the long end of yield curves, compared with a …

Persistent link: https://www.econbiz.de/10010869532

Bank lending strategy, credit scoring and financial crises

Kleimeier S.; Dinh T.H.T.; Straetmans S.T.M. - Graduate School of Business and Economics (GSBE), … - 2013

Adverse selection inherent in the bank-borrower relationship typically intensifies during crises. This problem is expecially severe in emerging markets, characterized by weak institutions and banks with poorly developed monitoring and screening abilities. Exploiting a unique sample of Vietnamese...

Persistent link: https://www.econbiz.de/10010856558

Time, expectations and financial markets

Herr, Hansjörg - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2009

After the breakdown of the Bretton Woods system and the beginning of the neoliberal revolution, financial markets became very unstable. The theoretical background of the neoliberal revolution stands in the tradition of Léon Walras. He was very much impressed by Isaac Newton, used his...

Persistent link: https://www.econbiz.de/10010982073

Low real rates as driver of secular stagnation: empirical assessment

End, Jan Willem van den; Hoeberichts, Marco - de Nederlandsche Bank - 2014

natural rate will be more effective in avoiding secular stagnation than reducing the real rate through higher inflation …

Persistent link: https://www.econbiz.de/10010945601

The deposit financing gap: Another Dutch disease

Meijers H.H.M.; Muysken J.; Sleijpen O.C.H.M. - United Nations University-Maastricht Economic Research … - 2014

In the last two decades the Netherlands have experienced an increase in real-estate prices, accompanied by an increase in mortgages and a marked decline in household savings. As a consequence banks are faced with a large retail funding gap outstanding mortgage debt is insufficiently matched by...

Persistent link: https://www.econbiz.de/10011004582

Cyclicality of credit supply: Firm level evidence

Becker, Bo; Ivashina, Victoria - In: Journal of Monetary Economics 62 (2014) C, pp. 76-93

We quantify fluctuations in bank-loan supply in the time-series by studying firms' substitution between loans and bonds using firm-level data. Any firm that raises new debt must have a positive demand for external funds. Conditional on the issuance of new debt, we interpret firms' switching from...

Persistent link: https://www.econbiz.de/10010753093