Haku
Viitteet 51-60 / 546
Growth expectations and banking system fragility in developing economies
(30.08.2005)
BOFIT Discussion Papers 13/2005
BOFIT Discussion Papers 13/2005
The likelihood of a banking crisis appears to be higher in fast-developing countries.An explanation is provided in a Diamond and Dybvig framework, where banks are vehicles of consumption-smoothing, offering insurance against ...
What is the role of Emerging Asia in global oil prices?
(29.09.2014)
BOFIT Discussion Papers 18/2014
BOFIT Discussion Papers 18/2014
This paper studies the effects of demand shocks caused by Emerging Asian (EMA) countries on oil prices over the past two decades, using vector autoregression models. The analysis builds on previous work done on identifying ...
Measuring central bank independence in selected transition countries and the disinflation process
(19.10.2000)
BOFIT Discussion Papers 13/2000
BOFIT Discussion Papers 13/2000
The paper measures the degree of legal and actual central bank independence (CBI) in five Central and Eastern European transition economies striving for EU accession, namely the Czech Republic, Hungary, Poland, Slovakia ...
Does finance cause growth? : Evidence from the origins of banking in Russia
(29.04.2012)
BOFIT Discussion Papers 10/2012
BOFIT Discussion Papers 10/2012
This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection, we exploit regional banking variation induced by the creation of ?specialized banks? (spetsbanks) in ...
Financial development and patterns of industrial specialization : Regional evidence from China
(14.04.2014)
BOFIT Discussion Papers 12/2014
BOFIT Discussion Papers 12/2014
The paper investigates the influences of financial development on patterns of industrial specialization across China's regions. We find that industrial sectors reliant on access to external finance are found to concentrate ...
Measuring systemic funding liquidity risk in the Russian banking system
(12.06.2012)
BOFIT Discussion Papers 12/2012
BOFIT Discussion Papers 12/2012
The 2007-2009 global financial crisis demonstrated the need for effective systemic risk measurement and regulation. This paper proposes a straightforward approach for estimat-ing the systemic funding liquidity risk in a ...
China's RMB bilateral swap agreements : What explains the choice of countries?
(04.06.2013)
BOFIT Discussion Papers 12/2013
BOFIT Discussion Papers 12/2013
This paper analyzes empirically what determines the choice of countries signing an RMB-denominated Bilateral Swap Agreement (BSA) with China. The gravity motif is predominant (both in terms of country size and distance ...
Convergence of European transition economies and the EU : What do the data show
(10.06.2001)
BOFIT Discussion Papers 13/2001
BOFIT Discussion Papers 13/2001
This is an empirical study of the real income convergence among the fifteen European Union members and the eleven transition economies of Central and Eastern Europe.Debates and research on EU enlargement tends to concentrate ...
Russian fiscal policy during the financial crisis
(21.07.2010)
BOFIT Discussion Papers 12/2010
BOFIT Discussion Papers 12/2010
This study examines the expanding role of fiscal policy at a time of financial crisis. It analyses the stimulative fiscal measures of the Russian government in 2008-2010 and compares these with simi-lar actions taken in ...
Developing an underlying inflation gauge for China
(27.04.2018)
BOFIT Discussion Papers 11/2018
BOFIT Discussion Papers 11/2018
Inflation in emerging markets is often driven by large, persistent changes in food and energy prices. Core inflation measures that neglect or under-weight volatile CPI subcomponents such as food and energy risk excluding ...