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Viitteet 11-20 / 56
Political cycles and bank lending in Russia
(25.03.2020)
BOFIT Discussion Papers 8/2020
BOFIT Discussion Papers 8/2020
State-owned banks tend to increase lending before elections for the purpose of boosting the reelection odds of incumbent politicians. We employ monthly data on individual banks to study whether Russian banks increased their ...
Exchange rate fluctuations and the financial channel in emerging economies
(30.08.2021)
BOFIT Discussion Papers 11/2021
BOFIT Discussion Papers 11/2021
This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic ...
Epidemic exposure, financial technology, and the digital divide
(28.09.2021)
BOFIT Discussion Papers 13/2021
BOFIT Discussion Papers 13/2021
We ask whether epidemic exposure leads to a shift in financial technology usage and who participates in this shift. We exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals ...
Trade collapse during the covid-19 crisis and the role of demand composition
(21.09.2021)
BOFIT Discussion Papers 12/2021
BOFIT Discussion Papers 12/2021
We examine the role of demand composition in explaining the trade collapse and recovery during the ongoing covid-19 crisis. We apply an import-intensity-adjusted measure of demand to examineimport trends in 40 advanced and ...
Gulags, crime, and elite violence : origins and consequences of the Russian mafia
(03.11.2020)
BOFIT Discussion Papers 24/2020
BOFIT Discussion Papers 24/2020
This paper studies the origins and consequences of the Russian mafia (vory-v-zakone). I web scraped a unique dataset that contains detailed biographies of more than 5,000 mafia leaders operating in 15 countries of the ...
The misallocation in the Chinese land market
(21.10.2020)
BOFIT Discussion Papers 23/2020
BOFIT Discussion Papers 23/2020
This paper proposes a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in a variety of sectors choose their locations across regions with costly ...
Central bank independence and systemic risk
(16.06.2020)
BOFIT Discussion Papers 13/2020
BOFIT Discussion Papers 13/2020
We investigate the relationship of central bank independence and banks’ systemic risk measures. Our results support the case for central bank independence, revealing that central bank independence has a robust, negative, ...
Does bilateral investment treaty arbitration have any value for multinational corporations?
(22.04.2020)
BOFIT Discussion Papers 10/2020
BOFIT Discussion Papers 10/2020
Using event study methodology, we investigate whether bilateral investment protection treaties afford protection to foreign investors. Examining arbitral decisions for firms from six countries shows that firms that received ...
The People's Bank of China's response to the coronavirus pandemic - A quantitative assessment
(31.05.2020)
BOFIT Discussion Papers 12/2020
BOFIT Discussion Papers 12/2020
The People’s Bank of China (PBoC) has taken numerous measures to cushion the impacts of the COVID-19 health crisis on the Chinese economy. As the current monetary policy framework features a multi-instrument mix of liquidity ...
Growing up under Mao and Deng : On the ideological determinants of corporate policies
(27.08.2020)
BOFIT Discussion Papers 20/2020
BOFIT Discussion Papers 20/2020
Economic activities have always been organized around certain ideologies, yet little is known about how ideology shapes corporate behavior and how it is different from other political forces. We investigate the impact of ...