Results 171 to 180 of about 17,726 (280)

Too Much Finance Redux

open access: yesThe Manchester School, EarlyView.
ABSTRACT This paper revisits the “too much finance” hypothesis by reassessing the relationship between financial depth and economic growth using an expanded dataset (1960–2019) and a systematic estimation strategy that avoids reliance on any single, potentially arbitrary sample window.
Jean‐Louis Arcand   +2 more
wiley   +1 more source

The Effects of U.S. Monetary Policy Shocks on Portfolio Diversification

open access: yesThe Manchester School, EarlyView.
ABSTRACT We investigate the impact of changes in U.S. monetary policy on portfolio diversification. We build four different types of portfolios, including a U.S.‐only, a stock‐bond (60/40) portfolio, an international diversified stock portfolio, and an asset diversified portfolio.
Rong Huang   +2 more
wiley   +1 more source

Too Much Finance: Mechanisms That Harm Growth and Policy Implications

open access: yesThe Manchester School, EarlyView.
ABSTRACT The mechanisms for the financial sector to harm growth arise through short‐termism of financial markets. This leads to the misallocation of resources in the private sector, leading to financial crises and damage to growth. However, harm to growth comes not only from financial crises, but also from the failure of short‐termist financial markets
Arup Daripa   +2 more
wiley   +1 more source

Illegal markets: An important domain for applied science. [PDF]

open access: yesProc Natl Acad Sci U S A
Caulkins JP, Kilmer B, Reuter P.
europepmc   +1 more source

Can There Be Too Much Finance? A Complex Answer to a Simple Question

open access: yesThe Manchester School, EarlyView.
ABSTRACT This paper provides a critical review of the Too Much Finance literature, both in its academic contribution and as response to the earlier finance and growth literature. We describe the academic origins and development of the finance and growth literature and discuss pitfalls with the commonly used indicators of financial development.
Thorsten Beck
wiley   +1 more source

U.S.‐China Tensions and Macroeconomic Fluctuations

open access: yesThe Manchester School, EarlyView.
ABSTRACT Business cycles and macroeconomic fluctuations are influenced by various factors. This paper analyzes the impact of the U.S.‐China Tension Index (UCT) on macroeconomic fluctuations in 32 countries using time series models from January 1999 to February 2024. The VAR model reveals that UCT shocks generate financial volatility and fluctuations in
Luccas Assis Attílio
wiley   +1 more source

Home - About - Disclaimer - Privacy