Author: Jacques OlivierPublisher:
ISBN:
Category :
Languages : en
Pages : 228
Book Description
Essays on Financial Markets and Growth
Author: Jacques OlivierTwo Essays in Financial Markets Development and Economic Growth
Author: Ariuntungalag TaivanPublisher:
ISBN:
Category :
Languages : en
Pages : 133
Book Description
Essays on Financial Market Structure and Economic Growth
Author: Nicola CetorelliEssays in Financial Economics
Author: Rita BiswasPublisher: Emerald Group Publishing
ISBN: 1789733898
Category : Business & Economics
Languages : en
Pages : 168
Book Description
This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.
Essays on Financial Markets and Macroeconomics
Author: Alessandra BonfiglioliPublisher:
ISBN:
Category : International finance
Languages : en
Pages : 136
Book Description
Essays on trading behavior in financial markets and economic growth
Author: Wen-chieh LeiEssays on Financial Markets, Inequality and Economic Development
Author: Joaquin BlaumPublisher:
ISBN:
Category :
Languages : en
Pages : 128
Book Description
In Chapter 1, I study the effects of wealth inequality on economies where financial markets are imperfect. I exploit the idea that inequality should have a different effect across sectors. Using a difference-in-difference strategy, I show that sectors that are more in need of external finance are relatively smaller in countries with higher income inequality. I then build a model in which sectors differ in their fixed cost requirement, agents face collateral constraints, and production is subject to decreasing returns. A calibrated version of the model is consistent with the documented facts on inequality and cross-sector outcomes. At the calibrated parameters, wealth inequality exacerbates the effect of financial frictions on the economy. Quantitatively, wealth inequality can generate losses of up to 46 percent of per capita income. In Chapter 2, co-authored with Claire Lelarge and Michael Peters, we explore the ingredients that a model of import behavior should have in order to be consistent with the firm level evidence. We build a model where firms are heterogeneous in their factor neutral productivity, and prices, fixed costs and input qualities are common across firms. Using a comprehensive dataset of French firms, we test the qualitative predictions of such model. The model fares well in describing firm's expenditure across imported varieties, but fails to account for the pattern of expenditure between domestic and foreign inputs. We conclude that a mechanism inducing firm-level heterogeneity in the relative price of domestic varieties is needed to model import demand. In Chapter 3, I study the effects of financial frictions on the pattern of cross-industry growth rates. I document two facts: (i) externally dependent sectors tend to grow faster along the economy's development path, and (ii) externally dependent sectors grow disproportionately faster in countries with better financial institutions. I argue that financial frictions can account for these facts. I build a dynamic two-sector model in which sectors differ in their liquidity requirement and agents face collateral constraints. Financial frictions generate faster growth in the sector with higher liquidity requirement. I identify conditions under which financial development leads to higher excess growth in the externally dependent sector.
Economic Development and Financial Instability
Author: Jan A. KregelPublisher: Anthem Press
ISBN: 1783083824
Category : Business & Economics
Languages : en
Pages : 376
Book Description
Jan A. Kregel is considered to be “the best all-round general economist alive” (G. C. Harcourt). This is the first collection of his essays dealing with a wide range of topics reflecting the incredible depth and breadth of Kregel’s work. These essays focus on the role of finance in development and growth. Kregel has expanded Minsky’s original postulate that in capitalist economies stability engenders instability in international economy, and this volume collect’s Kregel’s key works devoted to financial instability, its causes and effects. The volume also contains Kregel’s most recent discussions of the Great Recession beginning in 2008.
Managing Global Money
Author: Graham BirdPublisher: Springer
ISBN: 1349095885
Category : Business & Economics
Languages : en
Pages : 308
Book Description
This collection of articles and papers has been organised under a limited number of specific themes in international financial economics, including balance of payment theory and policy, the activities of the IMF, Special Drawing Rights, the role of the private financial markets, and the international economic order. A unifying theme running through all the essays is that some degree of management of international financial affairs is desirable. The book has a strong policy orientation and should be of interest to students and practitioners of international financial economics alike.
Essays in History
Author: Charles Poor KindlebergerPublisher: University of Michigan Press
ISBN: 9780472110025
Category : Business & Economics
Languages : en
Pages : 262
Book Description
Classic Kindleberger: Engaging and stimulating reading on eclectic topics in finance, economics, and the life of this captivating author