This paper aims to identify determinants of liquidity among Hungarian commercial banks. The data cover the period from 2001 to 2010. Results of panel data regression analysis show that bank liquidity is positively related to capital adequacy of banks, interest rate on loans and bank...

This paper investigates the determinants of banking system fragility by underlining the impact of bank liberalization on banking stability during the process of financial liberalization in emerging and developed countries. To this effect, we adopted a panel model with spatial dependency from a...

This paper analyzes the effect of planned fiscal consolidation on GDP growth forecast errors from the years 2010-2013 using cross section analyses and fixed effects estimations. Our main findings are that fiscal multipliers have been underestimated in most instances for the year 2011 while we...

This paper analyzes the effect of planned fiscal consolidation on GDP growth forecast errors from the years 2010–2013 using cross section analyses and fixed effects estimations. Our main findings are that fiscal multipliers have been underestimated in most instances for the year 2011 while we...

This paper analyzes the effect of planned fiscal consolidation on GDP growth forecast errors from the years 2010-2013 using cross section analyses and fixed effects estimations. Our main findings are that fiscal multipliers have been underestimated in most instances for the year 2011 while we...

Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their capacity to obtain secured funding. This occasional paper summarises the work carried out by the task force on asset encumbrance, bringing together analyses by the ECB and those...

This research examines the effect of the crisis due to the COVID-19 pandemic on dividend policy in Indonesia. The purposive sampling method was used to collect data from corporates listed on the IDX from 2014 to 2020 and analyzed using static and dynamic panel data approaches. The fixed-effect...

In a one of its kind study on the subject, weak form efficient market hypothesis (EMH) and Samuelson's dictum has been analyzed for seven major developed (Australia, Canada, France, Germany, Japan, UK and USA) and developing markets (Argentina, Brazil, China, India, Mexico, Russia and South...

In the present paper it will be estimated econometrically with panel data the change in household consumption structure due to population ageing (as also claimed by Martins et al., 2005). Our sample will cover western European EC members. Data are drawn from Eurostat as well as OECD. The...

In the present paper an empirical analysis will point out that in all industrial countries ageing population growth causes an even faster increase in health expenditure (% GDP). This phenomenon will affect among others economic growth as well as consumption structure. This phenomenon...