해외동향 | The real effects of relationship lending | 한국금융연구원

[LHKOREA]

2017-10-11 일자 [제 17-75 호]

The real effects of relationship lending
BIS (2017-10-10)

This paper studies the real consequences of relationship lending on firm activity in Italy following Lehman Brothers' default shock and Europe's sovereign debt crisis. We use a large data set that merges the comprehensiv ..  more

The middle productivity trap: Dynamics of productivity dispersion
Brookings (2017-10-10)

A few months before leaving office President Barack Obama wrote about the challenges that his successor would have to tackle. Recent innovations, he claimed, “have not yet substantially boosted measured productivity grow ..  more

Real Exchange Rate Policies for Economic Development
NBER (2017-10-10)

This paper analyzes the role of real exchange rate (RER) policies in promoting economic development. Markets provide a suboptimal amount of investment in sectors characterized by learning spillovers. We show that a stabl ..  more

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Global Trade Flows: Revisiting the Exchange Rate Elasticities	Bank of Canada
Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan	Bank of Canada
Policy Rules for Capital Controls	Bank of Canada
Economic risk and resilience in East Asia	Brookings
Monetary policy without a working theory of inflation	Brookings
The middle productivity trap: Dynamics of productivity dispersion	Brookings
Thirteen facts about wage growth	Brookings
Economic Freedom of the World: 2017 Annual Report	CATO
Faster Payments: Market Structure and Policy Considerations	FRB
International Transfer Pricing and Tax Avoidance: Evidence from Linked Trade-Tax Statistics in the UK	FRB
Measuring Inflation Anchoring and Uncertainty: A US and Euro Area Comparison	FRB
Measuring Mortgage Credit Availability: A Frontier Estimation Approach	FRB
Trader Positions and Marketwide Liquidity Demand	FRB
Battery Order Effects on Relative Ratings in Likert Scales	FRB of Boston
Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation	FRB of Boston
The 2015 Survey of Consumer Payment Choice: Summary Results	FRB of Boston
Estimating the Tax and Credit-Event Risk Components of Credit Spreads	FRB of Chicago
A Bias-Corrected Method of Moments Approach to Estimation of Dynamic Short-T Panels	FRB of Dallas
Macroeconomic Indicator Forecasting with Deep Neural Networks	FRB of Kansas
Does Going Easy on Distressed Banks Help Economic Growth?	FRB of New York
Land-Use Regulations, Property Values, and Rents: Decomposing the Effects of the California Coastal Act	FRB of Philadelphia
Localized Knowledge Spillovers: Evidence from the Spatial Clustering of R&D Labs and Patent Citations	FRB of Philadelphia
Screening and Adverse Selection in Frictional Markets	FRB of Philadelphia
The Role of Startups for Local Labor Markets	FRB of Philadelphia
Optimal Incentive Contracts with Job Destruction Risk	FRB of Richmond
A Macroeconomic Model with Occasional Financial Crises	FRB of San Francisco
Endogenous Regime Switching Near the Zero Lower Bound	FRB of San Francisco
Historical Patterns of Inequality and Productivity around Financial Crises	FRB of San Francisco
The Costs of Early Voting	Heritage
The future of customer-led retail-banking distribution	McKinsey
Where is technology taking the economy?	McKinsey
Bankruptcy and the Cost of Organized Labor: Evidence from Union Elections	NBER
Do Americans Want to Tax Capital? Evidence from Online Surveys	NBER
Fiscal Rules and Discretion under Self-Enforcement	NBER
Long-Term Care Insurance: Knowledge Barriers, Risk Perception and Adverse Selection	NBER
Pareto Efficient Taxation and Expenditures: Pre- and Re-distribution	NBER
Real Exchange Rate Policies for Economic Development	NBER
Selection in Health Insurance Markets and Its Policy Remedies	NBER
Sentiments and Economic Activity: Evidence from U.S. States	NBER
The Impact of Trade on Inequality in Developing Countries	NBER
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy	NBER
Achieving Top Of Digital Wallet	Oliver Wyman
Great Expectations: Improving The Loan Application Process For Small Business Borrowers	Oliver Wyman
Risk Leadership - Changing The Paradigm	Oliver Wyman
Strategic Financial Resource Management - Bank strategy in the new world	Oliver Wyman
The New CIO Imperative	Oliver Wyman
Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States	PIIE

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Allianz Global Wealth Report 2017	Allianz
Home values and firm behaviour	Bank of England
International credit supply shocks	Bank of England
Credit misallocation during the European financial	Bank of Italy
Natural rates across the Atlantic	Bank of Italy
Tony Atkinson and his legacy	Bank of Italy
A European perspective on overindebtedness	Bruegel
An innovation deficit behind Europe's overall productivity slowdown?	Bruegel
The single monetary policy and its decentralised implementation: An assessment	Bruegel
Ukraine's unfinished reform agenda	Bruegel
Contingent Convertibles: Can the Market handle them?	CEPR
International liquidity	CEPR
Profit Sharing and Incentives	CEPR
Structural Reforms and Monetary Policies in a Behavioural Macroeconomic Model	CEPR
The Externalities of Corruption: Evidence from Entrepreneurial Activity in China	CEPR
The Sovereign Money Initiative in Switzerland: An Economic Assessment	CEPR
Capital Markets, Debt Finance and the EU Capital Markets Union: A law and finance critique	CEPS
Disagreement and monetary policy	Deutsche Bundesbank
Should unconventional monetary policy become conventional?	Deutsche Bundesbank
Access to finance in the Western Balkans	ECB
Improving the Investor Base for Local Currency Bond Markets in China, India and Indonesia	Economic Policy Forum
The Global Competitiveness Report 2017-2018	WEF

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20 Years After the Asian Financial Crisis: Lessons Learned and Future Challenges	ADB
Asian Development Outlook (ADO) 2017 Update: Sustaining Development Through Public-Private Partnership	ADB
Myanmar Energy Consumption Surveys	ADB
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A pilot survey of the Asia-Pacific repo market	ASIFMA
The Asia Pacific FX Markets: Opportunities for Growth	ASIFMA
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Rethinking the Power of Forward Guidance: Lessons from Japan	BOJ
일본 금융정책에 관한 고찰 (in Japanese)	BOJ

제 목	발행기관
Basel III liquidity monitoring tools	BIS
Harmonisation of the Unique Product Identifier (UPI) - guidance issued by CPMI-IOSCO	BIS
Resolution of non-performing loans - policy options	BIS
The real effects of relationship lending	BIS
ESRB risk dashboard, September 2017	ESRB
Governance arrangements for the unique product identifier (UPI): key criteria and functions	FSB
FX Intervention in the New Keynesian Model	IMF
Interconnectedness of Global Systemically-Important Banks and Insurers	IMF
Lessons from the Old Masters on Assessing Equity and Efficiency: A Primer for Fiscal Policymakers	IMF
Loss of Correspondent Banking Relationships in the Caribbean : Trends, Impact, and Policy Options	IMF
Market Reforms at the Zero Lower Bound	IMF
Quantitative Easing and Long-Term Yields in Small Open Economies	IMF
Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis	IMF
Uncertainty, Financial Frictions and Nominal Rigidities: A Quantitative Investigation	IMF
Understanding Correspondent Banking Trends: A Monitoring Framework	IMF
Boosting productivity for inclusive growth in Japan	OECD
Do government transfers reduce poverty in China?	OECD
Ensuring Fiscal Sustainability in Japan in the Context of a Shrinking and Ageing Population	OECD
Financial Inclusion and Women Entrepreneurship: Evidence from Mexico	OECD
The Pursuit of Gender Equality	OECD
Information disclosure and demand elasticity of financial products : evidence from a multi-country study	World Bank
Making it easier to apply for a bank account: a study of the Indian market	World Bank
Municipal pooled financing of infrastructure in the United States : experience and lessons	World Bank

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Top Individual Tax Rate Remains Under Discussion in GOP Tax Plan	Bloomberg
Equifaxs Massive Hack Has a Tiny Silver Lining	Bloomberg
SEC Says It Told US Security Officials of Hack Months Ago	Bloomberg
A Chinese carmaker agrees to buy a Danish investment bank	Economist
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American public pensions suffer from a gaping hole	Economist
The Bank of Japan sticks to its guns	Economist
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What if large tech firms were regulated like sewage companies	Economist
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The teaching of economics gets an overdue overhaul	Economist
Political hotspots across the globe keep investors cautious	FT
US relations with Turkey take another turn for worse	FT
Merkel signals ready to engage with Macron on EU reform	FT
Value of private equity dealmaking at highest level since 2007	FT
White House commits to ending Wall St tax loophole	FT
A Trump tax cut would reshape US stock markets	FT
Donald Trump seeks to slash US corporate tax rate	FT
Imaginative reform is vital for the eurozone to thrive	FT
Macron makes radical appeal for more powerful EU	FT
European leaders aim to seize the moment for reform	FT
Millions mired in poverty as US upturn passes them by	FT
Central Banks Pull Back as Global Growth Picture Brightens	WSJ
Turkish Lira Drops Against Dollar on Diplomatic Dispute	WSJ
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Take the Feds LongRun Forecasts With a Big Pinch of Salt	WSJ
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