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Bubbles, banks and financial stability [PDF]
We construct a model of rational bubbles under credit frictions and show that bubbles held by banks can generate large credit expansions followed by …nancial crisis. The size of boom-bust is somewhat larger than the case in which savers directly hold bubbles.
Nikolov, Kalin, Aoki, Kosuke
openaire +7 more sources
PROFITABILITY AND FINANCIAL STABILITY [PDF]
The business activity allows identifying two categories of flows: flows of results and cash flows. Flows affect the income and expenses, participating in training result, the company's profitability.
CĂRUNTU CONSTANTIN +1 more
doaj +1 more source
With global finance reshaping the world economy, this insightful new book provides a full account of the EU’s financial integration strategy, together with a critical assessment arguing the case for social control over global finance. Written by acknowledged experts in European finance, this book discusses key issues from finance to general social ...
William Poole
core +6 more sources
What drove the rise in bank lending rates in Lithuania during the low-rate era?
While Euro area interest rates were responding to accommodative monetary policy and decreasing throughout 2015-2019, in stark contrast, Lithuania's bank lending rates increased.
Jaunius Karmelavičius +2 more
doaj +1 more source
Do non-performing loans matter for bank lending and the business cycle in euro area countries?
We estimate the impact of changes in non-performing loan (NPL) ratios on aggregate banking sector variables and the macroeconomy by estimating a panel Bayesian VAR model for twelve euro area countries.
Ivan Huljak +3 more
doaj +1 more source
Exploring BIS credit-to-GDP gap critiques: the Swiss case
A growing body of literature has highlighted two important caveats to the credit-to-GDP gap as advocated by the Bank for International Settlements (BIS). The first relates to the approach used to normalise credit (i.e. dividing nominal credit by GDP). In
Terhi Jokipii +2 more
doaj +1 more source
Financial Stability and Financial Inclusion [PDF]
Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and financial development. This raises the question of whether financial stability and financial inclusion are, broadly speaking, substitutes or complements. In
Peter J. Morgan, Victor Pontines
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Exploring the impact of the COVID-19 pandemic on the perceptions and sentiments of tourism employees: evidence from a small island tourism economy in the Caribbean [PDF]
Purpose – Building on tourism crisis studies and behavioral economics, this study describes a national survey conducted among 439 Aruban tourism and nontourism employees.
Ryan R. Peterson, Robin B. DiPietro
doaj +1 more source
Partnership and cooperation remain the essence of United Nations 2030 (UN2030) Agenda. However, the regional cooperation framework often lacks comprehensive economic analysis and estimation of probabilistic impacts of any country's socio-economic and ...
Kazi Arif Uz Zaman, Zannatul Fardoush
doaj +1 more source
Financial Stability Monitoring [PDF]
In a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.
Tobias Adrian +2 more
openaire +4 more sources

