Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector alongside economic activity indicators, can create a destabilizing feedback loop between the banking system and the real economy. The impact of credit supply on the financial...

For a selected group of Latin America countries we estimated the parameters of convergence equations on the basis of annual data. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE) that departures from standard approach utilizing...

We estimate the Mincer equations for a set of European countries. The variability of parameters, describing the impact of years of schooling and the experience to the wages, was obtained by application of the system of Seemingly Unrelated Regression Equations (SURE). The differences between...