1.
China’s large financial system is relatively closed, raising concerns that liberalization of China’s capital account could have disruptive effects on the global financial[...]
2021 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
2.
We explain the heterogeneous response of central banks to financial stability risks based on a financial stability orientation (FSO) index, which reflects statutory, regu[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
3.
Housing wealth is a large component of total wealth and plays an important role in aggregate business cycles. In this paper, we explore data on real house price cycles at[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
4.
Social learning models of investment provide an interesting explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social lear[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
5.
The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymme[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
6.
Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease [...]
2004 | Text | Staff Working Paper - Document de travail du personnel |