Results 21 to 30 of about 152,522 (265)
Is Financial Innovation Good for the Economy? [PDF]
Executive SummaryThere has been a great deal of financial innovation in recent decades but its social value is unclear. In the run-up to 2008, banks took large amounts of risk relative to the size of the economy. This approach was made possible by and sometimes justified in terms of “innovation.” But it also created a great deal of downside risk for ...
Johnson, Simon, Kwak, James
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The Political Economy of Financial Regulation
Increased interdependencies across countries have led to calls for greater harmonization of regulations to prevent local shock from spilling over to other countries. Using the rulemaking process of the Basel Committee on Banking Supervision (BCBS), this paper studies the process through which harmonization is achieved. Through leaked voting records, we
Haselmann, Rainer +3 more
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The Political Economy of Financial Fragility [PDF]
Financial liberalization under weak regulation is often followed by financial crises. We argue that this may be the deliberate outcome of lobbying interests capturing the reform process. Liberalization may be designed to provide fragile financial access to new entrants by limiting investor protection, resulting in financial deepening rather than ...
Feijen, Erik, Perotti, Enrico
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School of English for Applied Economics
Department of English Language № 5 was created at the Institute of Foreign Economic Relations in 2000, and since 2011 it has been working with the students of the Department of Applied Economics and Commerce.
Lidia K. Raitskaya
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Financial development and the underground economy [PDF]
We provide a theoretical and empirical study of the relation between financial development and the size of the underground economy. In our theoretical framework agents allocate investment between a low-return technology which can be operated with internal funds, and a high-return technology which requires external finance.
Capasso Salvatore +2 more
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Financial and Economic Uncertainty and Their Effects on the Economy
AbstractWe estimate new indices measuring financial and economic uncertainty in the euro area, Germany, France, the United Kingdom and Austria, following the approach of Jurado et al. (Am Econ Rev 105:1177–1216, 2015), which measures uncertainty by the degree of predictability.
Fortin, Ines +2 more
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Financial Frictions and the Real Economy [PDF]
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity.
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Development of the technology for diagnostic assessment of scientific, technical and financial risks of technology integration with production systems [PDF]
The paper deals with the definition and measurement of scientific, technical and financial risks of technology integration in business processes. The aim of the paper is to develop the methodological tools for the diagnostic assessment of risks as a ...
Keresten Ilya +3 more
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Infection, treatment and virological features of SARS-CoV-2. A brief overview
A new coronavirus, the SARS-CoV-2, and its resulting disease, the COVID-19, originated in Wuhan, China, in December 2019, affecting human health by causing respiratory, digestive and systemic problems.
Javier Cifuentes-Faura
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On the Political Economy of Financial Reform [PDF]
This paper studies what induces governments to undertake reforms aimed at financial development. Its starting point is Abiad and Mody (AER 95(1), 2005). Rather than their ordered logit technique, it uses a within groups approach allowing for error dependence across countries and over time.
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