Showing 1 - 10 of 21
Before the financial crisis securitization was commonly considered an efficient way of replacing illiquid assets with liquid securities (ABS), in which the risk was supposed to be adequately compensated by the tranching techniques. However, with the emergence of the crisis investors became more...
Persistent link: https://www.econbiz.de/10011551381
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated by arms' length (capital-market oriented) interaction...
Persistent link: https://www.econbiz.de/10012054629
This study investigates whether the competence of central bank governors affects the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macroeconomy, the...
Persistent link: https://www.econbiz.de/10012664334
This paper analyzes the potential spillovers of a slowdown in Chinese growth to the United States and the rest of the world. Through a combination of structural VAR and DSGE analyses, we find that (1) spillovers from China to the rest of the world have grown significantly in the past decade; (2) the...
Persistent link: https://www.econbiz.de/10014332752
The U.S. financial markets faced an unprecedented rapid decline and recovery on May 6, 2010, known as the May 6 flash crash. Roughly one trillion $ market value in less than thirty minutes vanished with the biggest one-day point decline in the history of the DJIA at the time. Since the market...
Persistent link: https://www.econbiz.de/10014501766
The aim of this paper is to provide some preliminary evidence on relation between size, diversification and risk in commercial banks of Pakistan. Using a panel of Pakistani banks, we investigated whether bigger banks are better diversified than smaller banks. The results suggested that larger...
Persistent link: https://www.econbiz.de/10011938316
There is a growing body of evidence that interest rate spreads in Africa are higher for big banks compared to small …
Persistent link: https://www.econbiz.de/10012602801
answering the question that "can China's FDI in sub-Saharan Africa (SSA) stimulate the sub-region's industrialization …?" Consequently, data used for this study were obtained from China Africa Research Initiative, the World Bank and the Energy … modify future agreement to promote or prioritize Chinese investment in sectors with positive linkages with the manufacturing …
Persistent link: https://www.econbiz.de/10014001466
aid-recipient countries in Africa. In the absence of formal evaluation guidelines, most previous studies, using aggregate … have increased both Africa's imports from and exports to OECD countries. This finding also holds the various commodity … to Africa have played little role in Africa's trade with China, with infrastructure and economic size of African …
Persistent link: https://www.econbiz.de/10011985852
Much has been written on the relationship of China and Africa in the past decade. However, the subject of Chinese … migrant entrepreneurs in Africa and their articulation with African counterparts was little explored up to the early 2010s … entrepreneurs in Africa. This has been underlined unison in the four books under review …
Persistent link: https://www.econbiz.de/10011702948