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Presentación Editorial Artículos 1. La crisis en la economía estadounidense ¿Qué está pasando en la economía estadounidense?La crisis por la que actualmente atraviesa la economía estadounidense se compone dedos partes: crisis hipotecaria y restricción del crédito.2. Crisis con...
Persistent link: https://www.econbiz.de/10005464404
This paper investigates the impact of capital flows on bank risk-taking behavior. It undertakes two levels of empirical estimations, namely (i) single-country industry-level; and (ii) multi-country industry-level estimations, covering emerging market economies. The results suggest that capital...
Persistent link: https://www.econbiz.de/10014558391
We examine the role of the international credit channel in Turkey over 2005–2013. We show that larger, more capitalized banks with higher non-core liabilities increase credit supply when capital inflows are higher. This result is stronger for domestic banks relative to foreign banks and...
Persistent link: https://www.econbiz.de/10012210868
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United States, the European Monetary Union (EMU) was ripe for a crash. It had its own real estate bubble, specifically in Ireland and Spain, indulged in excessive deficit spending,...
Persistent link: https://www.econbiz.de/10010436007
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United States, the European Monetary Union (EMU) was ripe for a crash. It had its own real estate bubble, specifically in Ireland and Spain, indulged in excessive deficit spending,...
Persistent link: https://www.econbiz.de/10009767592
This paper investigates the impact of capital flows on bank risk-taking behavior. It undertakes two levels of empirical estimations, namely (i) single-country industry-level; and (ii) multi-country industry-level estimations, covering emerging market economies. The results suggest that capital...
Persistent link: https://www.econbiz.de/10012306676
Este documento presenta un pronóstico de larga duración, todo el siglo XXI, para las variables económicas más fundamentales del Perú: la población, el producto bruto interno global y por habitante. Podemos derivar la futura trayectoria de la gran mayoría de agregados económicos a partir...
Persistent link: https://www.econbiz.de/10010933510
This paper revisits the effect of globalization on the output-inflation trade-off, using a new data set of 1114 …. Globalization in terms of financial and trade openness has increased sacrifice and benefice ratios, with financial openness … superseding the role of trade openness in importance since the 1990s. …
Persistent link: https://www.econbiz.de/10011278869
Imports are modeled as a fixed proportion of spending rather than as a function of total or disposable income. With this formulation, the import component of spending shifts must be netted out in order to predict the initial autonomous change in domestic spending. In addition, the formulation...
Persistent link: https://www.econbiz.de/10005243263
Firms in emerging markets are exposed to severe financial frictions and credit constraints that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze? We show that although this may be the case during moderate contractions (or in partial...
Persistent link: https://www.econbiz.de/10005258512