해외동향 | Bank capital regulation in a zero interest environment | 한국금융연구원

[LHKOREA]

2020-06-23 일자 [제 20-46 호]

Bank capital regulation in a zero interest environment
ECB (2020-06-23)

How do near-zero interest rates affect optimal bank capital regulation and risk-taking? I study this question in a dynamic model, in which forward-looking banks compete imperfectly for deposit funding, but households do ..  more

Credit, Income, and Inequality
FRB of New York (2020-06-23)

Analyzing unique data on loan applications by individuals who are majority owners of small firms, we detail how a bank’s credit decisions affect their future income. We use the bank’s cutoff rule, which is based on the a ..  more

US dollar funding: an international perspective
BIS (2020-06-23)

The US dollar dominates international finance as a funding and investment currency. Although the United States accounts for one quarter of global economic activity, around half of all cross-border bank loans and internat ..  more

제 목	발행기관
An analysis of Joe Biden's tax proposals	AEI
Hypothesis testing sustained declines in COVID-19 intensity	AEI
Assessing the Role of Institutions in Limiting the Environmental Externalities of Economic Growth	Bank of France
The trade-enhancing impact of product standard harmonisation	Bank of France
Designing the Main Street Lending Program: Challenges and options	Brookings
The importance and opportunities of transatlantic cooperation on AI	Brookings
The slowdown in productivity growth and policies that can restore it	Brookings
Technology at Work v5.0 : The New Normal of Remote Work	Citi GPS
Deloitte's 2020 GLOBAL BLOCKCHAIN SURVEY	Deloitte
The path ahead : Navigating financial services sector performance post-COVID-19	Deloitte
ivcrc: An Instrumental Variables Estimator for the Correlated Random Coefficients Model	FRB
Macroeconomic Effects of Large-Scale Asset Purchases: New Evidence	FRB
Taxation, Social Welfare, and Labor Market Frictions	FRB
Asymmetric Responses of Consumer Spending to Energy Prices: A Threshold VAR Approach	FRB of Cleveland
Raising the Inflation Target: How Much Extra Room Does It Really Give?	FRB of Cleveland
Why Is Mommy So Stressed? Estimating the Immediate Impact of the "COVID-19 Shock" on Parental Attachment to the Labor Market and the Double-Bind of Mothers	FRB of Minneapolis
Bank Complexity, Governance, and Risk	FRB of New York
Credit, Income, and Inequality	FRB of New York
Efficient VAR Discretization	FRB of Richmond
A Local-Spillover Decomposition of the Causal Effect of U.S. Defense Spending Shocks	FRB of St. Louis
Endogenous Social Distancing in an Epidemic	FRB of St. Louis
Crisis, Austerity, and Fiscal Expenditure in Greece	Levy
The great balancing act: Managing the coming $30 trillion deficit while restoring economic growth	McKinsey
Which small businesses are most vulnerable to COVID-19-and when	McKinsey
Aggregate Effects from Public Works: Evidence from India	NBER
Belief Distortions and Macroeconomic Fluctuations	NBER
Default Options and Insurance Demand	NBER
Economic Uncertainty Before and During the COVID-19 Pandemic	NBER
Financial Vulnerability and Risks to Growth in Emerging Markets	NBER
Gains from wage Flexibility and the Zero Lower Bound	NBER
Global Capital and Local Assets: House Prices, Quantities, and Elasticities	NBER
Insider-Outsider Labor Markets, Hysteresis and Monetary Policy	NBER
Managing Households' Expectations with Unconventional Policies	NBER
Predictable Financial Crises	NBER
Social Distancing and Social Capital: Why U.S. Counties Respond Differently to COVID-19	NBER
The Effectiveness of Life-Preserving Investments in Times of COVID-19	NBER
Treasury Inconvenience Yields during the COVID-19 Crisis	NBER
What Does and Does Not Correlate with COVID-19 Death Rates	NBER
Which Investors Matter for Equity Valuations and Expected Returns?	NBER
Euro Crisis 2.0	Oliver Wyman
Top ten myths of technology modernization in insurance	Oliver Wyman
Unlocking Inforce Value In Asia-Pacific	Oliver Wyman

제 목	발행기관
Financial stress and the debt structure	Bank of England
Central bank independence and systemic risk	Bank of Finland
Long-term transmission rights and dynamic efficiency	Bruegel
Occupational change, artificial intelligence and the geography of EU labour markets	Bruegel
Civic Capital and Social Distancing during the Covid-19 Pandemic	CEPR
Coronavirus panic fuels a surge in cash demand	CEPR
Do Bank Insiders Impede Equity Issuances?	CEPR
Epidemics in the Neoclassical and New-Keynesian Models	CEPR
Optimal Unemployment Benefits in the Pandemic	CEPR
Unequal Consequences of Covid 19 across Age and Income: Representative Evidence from Six Countries	CEPR
What Matters in Households' Inflation Expectations?	CEPR
Europe's Digital Verification Opportunity	CEPS
The anchoring of long-term inflation expectations of consumers: insights from a new survey	DNB
Bank capital regulation in a zero interest environment	ECB
Identifying financial constraints	ECB
Monetary policy transmission over the leverage cycle: evidence for the euro area	ECB
European Structural and Investment Funds and Regional Convergence: The Impact of Public Deficit in Beta-Convergence	EconPol
Choosing wisely: preferences, comprehension and the effect of risk warnings on financial promotions for investment products	FCA
Learning on the Job and the Cost of Business Cycles	Sveriges Riksbank
Exploring Blockchain Technology for Government Transparency: Blockchain-Based Public Procurement to Reduce Corruption	WEF
Integrated Corporate Governance: A Practical Guide to Stakeholder Capitalism for Boards of Directors	WEF
The Incidence of VAT Evasion	ZEW

제 목	발행기관
Asian Development Outlook 2020 Supplement: Lockdown, Loosening, and Asia's Growth Prospects	ADB
Food Security in Asia and the Pacific amid the COVID-19 Pandemic	ADB
Hydropower Development and Economic Growth in Nepal	ADB
Three Decades of International Financial Crises: What Have We Learned and What Still Needs to be Done?	ADB
Vertical Industry Development to Leverage Innovation: A Model for Leapfrogging Technology and Driving Competitiveness	ADB
Earned Income Tax Credit Experiments in the People's Republic of China	ADBI
Infrastructure Development and Public-Private Partnership: Measuring Impacts of Urban Transport Infrastructure in Pakistan	ADBI
Policy and Regulatory Changes for a Successful Startup Revolution: Experiences from the Startup Action Plan in India	ADBI
The Impact of Involvement in the Global Value Chain on Coffee Farmers in Indonesia: Case Study of Margamulya Coffee Producer Cooperative and Mitra Malabar Cooperative, Bandung, Indonesia	ADBI
The Startup Environment and Funding Activity in India	ADBI
HANK 연구 조류 : 금융정책의 파급 메커니즘에 있어서 경제주체간 이질성의 의의	BOJ
Marginal Propensity to Consume and the Housing Choice	BOJ
금융법에 있어서 예금수취에 관한 고찰 : 스위스의 개정은행법 참고 (In Japanese)	BOJ
미국의 경제제재로 인한 이란 경제 영향 (In Japanese)	IIMA
초고령사회를 지탱하는 채무보증시스템이란 - 요구되는 개인보증 탈피 (In Japanese)	JRI
코로나 쇼크 이후 태국 경제 (In Japanese)	JRI
코로나 위기로 증폭하는 금융리스크 - 금융당국에 의한 포스트코로나에 대한 대응이 중요 (In Japanese)	JRI
홍콩 국가안전법에 의한 경제적 영향 (In Japanese)	Mizuho Research Institute
How the Coronavirus Crisis Affected Japanese Industries: Evidence from the Stock Market	RIETI
Listing Advantages Around the World	RIETI

제 목	발행기관
How are household finances holding up against the Covid-19 shock?	BIS
The fiscal response to the Covid-19 crisis in advanced and emerging market economies	BIS
Trade credit, trade finance, and the Covid-19 Crisis	BIS
US dollar funding: an international perspective	BIS
Strengthening Financial Interlinkages among the SPECA Countries	ESCAP
Emerging Markets: Assessment of Hard-Currency Bond Market	IFC
Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile	IMF
Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets	IMF
Does Going Tough on Banks Make the Going Get Tough? Bank Liquidity Regulations, Capital Requirements, and Sectoral Activity	IMF
Shocks Matter: Managing Capital Flows with Multiple Instruments in Emerging Economies	IMF
The Distributional Impact of Recessions: the Global Financial Crisis and the Pandemic Recession	IMF
The Lack of Convergence of Latin-America Compared with CESEE: Is Low Investment to Blame?	IMF
Health at a Glance: Latin America and the Caribbean 2020	OECD
Housing and inequality : The case of Luxembourg and its cross-border workers	OECD
World Investment Report 2020	UNCTAD
Exports and Productivity : The Role of Imported Inputs and Investment in R&D	World Bank
Long-Term Shifts in Korean Manufacturing and Plant-Level Productivity Dynamics	World Bank
Productivity Growth and Efficiency Dynamics of Korean Structural Transformation	World Bank
Simulating the Potential Impacts of COVID-19 School Closures on Schooling and Learning Outcomes : A Set of Global Estimates	World Bank
The Evolution of Deep Trade Agreements	World Bank
Transformative Climate Finance : A New Approach for Climate Finance to Achieve Low-Carbon Resilient Development in Developing Countries	World Bank

제 목	발행기관
Housing's Covid Clause	bloomberg
Monetary Insanity Is No Basis for Common Ground	bloomberg
Killing Bank Profits Is a Pretty Desperate Move	bloomberg
The Most Troubling China-India Conflict Is Economic	bloomberg
Big Banks Are Finally Hiring Again With Coders in Demand	bloomberg
Wall Street Rewrites Market Playbooks With Second Wave Looming	bloomberg
Fed's Clarida Warns Inflation Expectations at Risk of Slipping	bloomberg
Maybe Someday These Fed Rescues Will Backfire	bloomberg
Fed Doesn't Really Need to Buy Corporate Bonds	bloomberg
Fed Will Begin Buying Broad Portfolio of Corporate Bonds	bloomberg
Covid-19 raises the risks of violent conflict	economist
Donald Trump finds sanctuary in Tulsa	economist
The economics of reparations	economist
The Fed has been supporting markets. Now it must find ways to boost growth	economist
Covid-19 is a disaster for America's state budgets	economist
North Korea blows up detente with the South	economist
As the virus rages on shore, merchant seamen are stranded on board	economist
India and China have their first deadly clashes in 45 years	economist
America's Supreme Court protects gay and trans workers against discrimination	economist
Great cities after the pandemic	economist
France shows Europe can keep Covid-19 in check after reopening	ft
Will public debt be a problem when the Covid-19 crisis is over	ft
Opponents of more IMF lending may have blood on their hands	ft
Paranoia creeps into homeworking	ft
Emerging markets can use quantitative easing, too	ft
US upends global digital tax plans after pulling out of talks with Europe	ft
How Covid-19 will change the world	ft
Powell warns of 'significant uncertainty' over US recovery	ft
A very Swedish sort of failure	ft
US stocks jump as Fed action dispels gloomy mood	ft
How the Coronavirus Will Reshape World Trade	wsj
Powell Says Crisis Exposes Long-Standing Inequalities	wsj
Multinational Firms Aim to Standardize Their Retirement Plans	wsj
U.S. Unemployment Claims Edge Lower but Remain Historically High	wsj
PPP Small-Business Loans Left Behind Many of America's Neediest Firms	wsj
The Coming Urban Exodus	wsj
Powell Says Despite Signs of Stabilization, Risks of Long-Term Economic Damage Are Significant	wsj
The Surprising Way Companies Can Shore Up Their Financial Strength	wsj
Building a More Resilient, Data-Driven Economy	wsj
Fed Outlines Proposal to Lend Money to Nonprofits	wsj