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Earthquakes and Economic Outcomes: Does Central Bank Independence Matter?
This study explores whether the degree of central bank independence influences the economic performance in the period immediately following an...
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Do conservative central bankers weaken the chances of conservative politicians?
In this paper, we challenge the claim that a conservative central bank strengthens the likelihood of a conservative government. In contrast, if an...
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Tracking Foreign Capital: The Effect of Capital Inflows on Bank Lending in the UK
This paper examines how UK banks channel foreign capital to the individual sectors of the domestic economy and to overseas residents. Information...
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The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence
As the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective...
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The Central Bank as Lender of Last Resort
In this chapter we review the function of the central bank as lender of last resort (LOLR), starting from the understanding of financial crises...
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The Experience of the Development Bank of Mauritius
Development Banks are established to facilitate the development agenda of economies by providing financing and technical support for high-risk...
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Exploring the Nexus of Liquidity Regulation, Bank Risk-Taking, and Shadow Banking: A Comprehensive Analysis of Chinese Commercial Banks
The banking industry plays a pivotal role in any economy, and its stability is paramount for societal and economic well-being. This research paper...
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The Role of Regional Development Banks: Comparing African Development Bank and Asian Development Bank
Regional Development Banks (RDBs) play a significant role in fostering and accelerating development in their regions through the support they provide...
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Bank lending in the Great Recession and in the Great Depression
The effects of the Great Depression (GD, 1929–1936) on the Italian banking system were worse than those of the Great Recession (GR, 2007–2014), in...
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The London money market and non-British bank lending during the first globalisation: evidence from Brazil
This study examines the relationship between the London money market (LMM) and the credit provision of non-British overseas banks in peripheral...
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Decomposing local bank impacts with demand thresholds
Recent research indicates a substantial decline in the number of local banks over the past 40 years. This decline has been particularly stark in...
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How to detect what drives deviations from Benford’s law? An application to bank deposit data
The Newcomb-Benford law states that the frequency of different leading significant digits in many datasets typically follows a specific distribution....
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Purchase of government bonds by a supranational central bank: its impact on business cycles
The euro area emerged from the euro crisis without meeting the conditions presented by the theory of optimum currency area. The decisive policy that...
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The Infrastructure Development Bank of Zimbabwe and Infrastructure Financing
Infrastructure development plays an important role in the economic growth and development of any country. However, in Africa, limited access to...
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Measuring and comparing World Bank regions’ ‘ease of doing business’ opportunity sets
This paper measures and compares the World Bank regions’ opportunity sets to promote ease of doing business for the years 2010 and 2019, as well as...
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A theory of National Development Bank: long-term investment and the agency problem
This paper applies the contract theory to study the role of National Development Bank (NDB) in financing infrastructure investment. We first show...
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Central Asia
The five countries of Central Asia, located at the hinterland of Eurasia, span from east to west, connecting Europe and Asia. This core zone of the...
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Investigating the role of central banks in the interconnection between financial markets and cryptoassets
Over the past two years, financial markets have been heavily affected by central banks’ unconventional monetary policies, in particular quantitative...
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The European Central Bank: Twenty-five Years of Single Monetary Policy in the Euro Area
The analytical framework introduced in Chapter 3 is applied here to the implementation of monetary policy in the...