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The purpose of this paper is to explore the impact of BRICS unions’ currency on the Dollar and its performances on international trade among the nations. The compound reviews of literature on the classical, neo classical and modern theories of trade reveals the non existence of research works...
Persistent link: https://www.econbiz.de/10015213296
The purpose of this paper is to explore the impact of BRICS unions’ currency on the Dollar and its performances on international trade among the nations. The compound reviews of literature on the classical, neo classical and modern theories of trade reveals the non existence of research works...
Persistent link: https://www.econbiz.de/10015213311
This paper analyses the behaviour of alternative measures of credit extension for countercyclical buffer decisions in South Africa. The cyclical properties of alternative measures of credit extension are examined over the economic and the financial cycles. The results show that the deviation of...
Persistent link: https://www.econbiz.de/10015214582
I study how monetary policy affects firms' external financing decisions. More precisely, I study the transmission mechanism of monetary policy to credit costs in a general equilibrium macroeconomic model where firms issue corporate bonds or obtain bank loans, and corporate bonds are not just...
Persistent link: https://www.econbiz.de/10015228280
This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity—credit reversals. Using data for 179 countries during 1960‒2017, the paper finds that reversals are a relatively common phenomenon--on average, they occur every five years. By...
Persistent link: https://www.econbiz.de/10015228302
of a credit boom are the changes in the slope of the yield curve, reel exchange rate, US interest rate and net capital …
Persistent link: https://www.econbiz.de/10015231448
This paper conducts a quantitative investigation of the role of reserve requirements as a macroprudential policy tool. We build a monetary DSGE model with a banking sector in which (i) an agency problem between households and banks leads to endogenous capital constraints for banks in obtaining...
Persistent link: https://www.econbiz.de/10015232584
The paper aims at investigating on the credit conditions experienced by Italian firms during the recent business cycle. In doing so, we use a novel dataset on firms’ opinions derived from the ISTAT Business Confidence surveys. The dataset allows us to add to existing literature in three...
Persistent link: https://www.econbiz.de/10015233896
This paper analyses the determinants of private credit and its link with monetary policy, for the economies of Central America and the Dominican Republic (CADR), during the period 2006 - 2017. Using disequilibrium models, we estimate supply and demand functions in order to characterize episodes...
Persistent link: https://www.econbiz.de/10015260847
government spending or transfers. Since the Eurozone practically excluded an increase in government debt or a monetisation of … Italy’s hypothetical abandonment of the Eurozone, seemingly being the one and only reason for which all of their critics …
Persistent link: https://www.econbiz.de/10015269217