How Would US Banks Fare in a Negative Interest Rate Environment? FRB (2017-03-27)
This paper uses a unique new data set to empirically examine bank-level expectations regarding the impact of negative short-term interest rates on bank profitability through net interest margins. The results show that banks differ .. more |
The impact of global value chain participation on current account balances - a global perspective ECB (2017-03-27)
Participating in global value chains may improve an economy's competitiveness and thereby raise its current account balance. Specifically, an economy's competitiveness may increase as a result of substituting imported for domestic .. more |
China: time to focus on financial risks and structural reform OECD (2017-03-27)
The latest OECD Economic Survey of China projects that the Chinese economy will remain the major driver of global growth for the foreseeable future, with per capita GDP on course to almost double by 2020 from 2010 levels. The Surv .. more |