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constructing, that includes the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB). South Korea has …
Persistent link: https://www.econbiz.de/10015218406
Economists may need to change their tools of analysis from analysing income and expenditure contributors (GDP) to asset value contributors -the net worth levels of individual households-. Assessment of the latter requires a balance sheet analysis. Why; because the level of individual...
Persistent link: https://www.econbiz.de/10015234591
This paper while emphasising the importance of the concept of financial stability in the wake of recent global financial crisis attempts to highlight the significance of the soundness of banking sector in emerging economies where banking sector constitutes a lion’s share in the financial...
Persistent link: https://www.econbiz.de/10015237379
We propose a quantitative model of lending standards with two reasons for inefficient credit: lenders' moral hazard from deposit insurance or government guarantees, and imperfect information about the persistence of asset price growth, which generates incorrect but rational beliefs in the...
Persistent link: https://www.econbiz.de/10015241660
1996 and 1997. The sections on the Bulgarian National Bank and the money supply reflect the changes brought about by the …
Persistent link: https://www.econbiz.de/10015242630
This study models the impact of new capital regulations proposed under Basel III on bank profitability by constructing … a stylized representative bank’s financial statements. We show that the higher cost associated with a one … scheduled commercial banks, one-percentage point increase in capital ratio can be recovered by increasing the bank lending …
Persistent link: https://www.econbiz.de/10015243990
This paper studies the impact of unconventional monetary policy on the economy and its interactions with bank … with stricter bank regulation, we find that qualitative easing becomes more effective in terms of reducing losses in GDP … and consumption, whereas quantitative easing becomes less effective. Moreover, we show that stricter bank regulation helps …
Persistent link: https://www.econbiz.de/10015246262
The region comprising Central America, Panama and Dominican Republic is on path towards a favorable economic environment, characterized by higher growth in the United States (its main trade partner), lower oil prices, and still low financing costs. This environment represents a window of...
Persistent link: https://www.econbiz.de/10015252296
Inflation, exchange rate and gross domestic product (GDP) are critical variables to macroeconomic stability. For a small economy like Zambia, it is imperative for central authorities to establish the size and degree of the exchange rate pass-through (ERPT) to domestic prices and output as they...
Persistent link: https://www.econbiz.de/10015213773
The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329