해외동향 | Gauging procyclicality and financial vulnerability in Asia through the BIS statistics | 한국금융연구원

[LHKOREA]

2018-07-24 일자 [제 18-55 호]

Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics
BIS (2018-07-24)

We look back at past episodes of financial stress in Asia with a forward-looking perspective. We put ourselves in the shoes of a contemporary observer with the data at hand and ask what evidence was available on the syst ..  more

Income Inequality, Financial Crises, and Monetary Policy
FRB (2018-07-24)

We construct a general equilibrium model in which income inequality results in insufficient aggregate demand, deflation pressure, and excessive credit growth by allocating income to agents featuring low marginal propensi ..  more

Monetary policy and household inequality
ECB (2018-07-24)

This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the composition of their income and on the components of their wealth. We first review the existing evidence o ..  more

제 목	발행기관
For individuals and the banking industry, mentoring matters more than ever	BAI
Give the customers what they want: Less and more	BAI
Does Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield Investments	Bank of Canada
Following the Money: Evidence for the Portfolio Balance Channel of Quantitative Easing	Bank of Canada
Incentive Compatibility on the Blockchain	Bank of Canada
Sources of Borrowing and Fiscal Multipliers	Bank of Canada
The future of money: digital currency	Brookings
It's time to modernize your big data management techniques	Deloitte
Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy	FRB
From Taylor's Rule to Bernanke's Temporary Price Level Targeting	FRB
Half-full or Half-empty? Financial Institutions, CDS Use, and Corporate Credit Risk	FRB
Income Inequality, Financial Crises, and Monetary Policy	FRB
Preventing Controversial Catastrophes	FRB
Bad Sovereign or Bad Balance Sheets? Euro Interbank Market Fragmentation and Monetary Policy, 2011-2015	FRB of Boston
Valuation Risk Reval‎ued	FRB of Dallas
Uncertain Booms and Fragility	FRB of New York
Inflation and Real Activity with Firm Level Productivity Shocks	FRB of Philadelphia
Extrapolating Long-Maturity Bond Yields for Financial Risk Measurement	FRB of San Francisco
Four Priorities for Tax Reform 2.0 - and Seven Supporting Reforms	Heritage
A bank branch for the digital age	McKinsey
How industry can move toward a low-carbon future	McKinsey
A Mechanism Design Approach to Identification and Estimation	NBER
Artificial Intelligence, Economics, and Industrial Organization	NBER
Behavioral Household Finance	NBER
Demography, Unemployment, Automation, and Digitalization: Implications for the Creation of (Decent) Jobs, 2010-2030	NBER
Financial Inclusion and Contract Terms: Experimental Evidence From Mexico	NBER
Should There Be Lower Taxes on Patent Income?	NBER
The State of New Keynesian Economics: A Partial Assessment	NBER
The Welfare Implications of Health Insurance	NBER
Brexit: Costs Up, Prices Up	Oliver Wyman
The Twin Threats Of Aging And Automation	Oliver Wyman

제 목	발행기관
Decomposing differences in productivity distributions	Bank of England
Measuring risks to UK financial stability	Bank of England
Always look on the bright side? Central counterparties and interbank markets during the financial crisis	Bank of Italy
Capital controls spillovers	Bank of Italy
Fiscal buffers, private debt and recession: the good, the bad and the ugly	Bank of Italy
Knocking on parents' doors: regulation and intergenerational mobility	Bank of Italy
The macroeconomic effects of an open-ended asset purchase programme	Bank of Italy
Why do banks securitize their assets? Bank-level evidence from over one hundred countries in the pre-crisis period	Bank of Italy
Sovereign default, domestic banks and exclusion from international capital markets	Bank of Spain
The financial transmission of housing bubbles: evidence from Spain	Bank of Spain
Bribes vs. Taxes: Market Structure and Incentives	CEPR
Innovation and Distribution: A General Equilibrium Model of Manufacturing and Retailing	CEPR
Location as an Asset	CEPR
Politically feasible reforms of non-linear tax systems	CEPR
Reserves For All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence	CEPR
Twenty Five Years of Global Imbalances	CEPR
Convertible bonds and bank risk-taking	Deutsche Bundesbank
Interest rate pass-through to the rates of core deposits - a new perspective	Deutsche Bundesbank
Love and money with inheritance: marital sorting by labor income and inherited wealth in the modern partnership	Deutsche Bundesbank
Unconventional monetary policy, bank lending, and security holdings: the yield-induced portfolio rebalancing channel	Deutsche Bundesbank
Interactions in Fixed Effects Regression Models	DIW
Monetary Policy, External Instruments and Heteroskedasticity	DIW
The relation between supply constraints and house price dynamics in the Netherlands	DNB
Monetary policy and household inequality	ECB
Real convergence in central, eastern and south-eastern Europe	ECB
Tax expenditure and the treatment of tax incentives for investment	Kiel

제 목	발행기관
Asian Development Outlook 2018 Supplement: The Outlook Remains Stable	ADB
Inclusive Business Financing: Where Commercial Opportunity and Sustainability Converge	ADB
High-Speed Railway, Market Access, and Economic Growth	ADBI
Missing Wage Inflation? Estimating the Natural Rate of Unemployment in a Nonlinear DSGE Model	BOJ
미 연방법 상의 은행재산 부정사용 범죄에 관하여 (In Japanese)	BOJ
증권결제제도와 분산원장기술 (In Japanese)	BOJ
International Trade Finance and the Cost Channel of Monetary Policy in Open Economies	HKIMR
Roads and the Real Exchange Rate	HKIMR
중장년층 워킹푸어 현황과 과제 (In Japanese)	JRI
유럽의 다크풀 거래량 규제 영향 - CBOE 데이터를 기초로 분석	JSRI
Reallocation of Tangible Assets and Productivity	RIETI
Roles of In-house Production in Firms' Supplier Management	RIETI

제 목	발행기관
Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics	BIS
Analyzing credit risk transmission to the non-financial sector in Europe: a network approach	ESRB
Crypto-assets: Report to the G20 on the work of the FSB and standard-setting bodies	FSB
Eval‎uation of the effects of financial regulatory reforms on infrastructure finance: Consultative Document	FSB
Inflation News and Euro Area Inflation Expectations	IMF
An empirical investigation on the drivers of income redistribution across OECD countries	OECD
Corporate Effective Tax Rates: Model Description and Results from 36 OECD and Non-OECD Countries	OECD
Reforms for sustainable productivity growth in Ireland	OECD
The quantification of structural reforms: Introducing country-specific policy effects	OECD
The Sustainable Management of a Productive Natural Capital	OECD
Unintended technology-bias in corporate income taxation : The case of electricity generation in the low-carbon transition	OECD

제 목	발행기관
China Invents a Different Way to Run an Economy	Bloomberg
India Shortchanges Its Banks	Bloomberg
Free Trade With or Without the US	Bloomberg
Trumps Economy Depends on Powells Excellence	Bloomberg
Bond Traders Are Way Ahead of the Feds Powell	Bloomberg
Trumps Trade War May Spark a Chinese Debt Crisis	Bloomberg
Bernanke Geithner Paulson Voice Some Concern About Next Crisis	Bloomberg
China Has Ammunition Beyond PBOC to Bolster a Slowing Economy	Bloomberg
Coinbase Says It Has Green Light to List Coins Deemed Securities	Bloomberg
Growth Forecasts Under Threat Amid Trade War	Bloomberg
The idea of Eurasia is once again the subject of geopolitics	Economist
The world trading system is under attack	Economist
As inequality grows so does the political influence of the rich	Economist
How to rescue the WTO	Economist
A second Brexit referendum is back in play	Economist
Donald Trump insists on trade reciprocity	Economist
The dark side of peace on the Korean peninsula	Economist
The fight against Islamic State is moving to Africa	Economist
Donald Trump and Vladimir Putin want to create a new world order	Financial Times
Renminbi weakness is a game changer for Asian currencies	Financial Times
Feds Powell facing first test from the bond market	Financial Times
The week the Brexiters lost control of Brexit	Financial Times
Bernanke warns against reading wrong yield curve signal	Financial Times
The cold war revival will be very expensive	Financial Times
Japan and EU sign trade deal in move against protectionism	Financial Times
French central bank presses UK fintech companies on Brexit strategy	Financial Times
How millennials are driving cashless revolution in China	Financial Times
IMF warns Trump tariffs could hit global growth	Financial Times
Costs Are Crashing the Party for Manufacturers	Wall Street Journal
G20 Meeting Ends With Little Progress on Tariffs	Wall Street Journal
Donald Trump Says He is Not Happy About Federal Reserve Interest Rate Increases	Wall Street Journal
Trades Widening Battleground	Wall Street Journal
CFPB Wants to Help Launch New Fintech Products	Wall Street Journal
Democrats Could Become a Free Trade Counterweight to Trump	Wall Street Journal
European Investment Bank faces call for overhaul after UK exits	Wall Street Journal
Retirement Bills in Congress Could Alter 401k Plans	Wall Street Journal
The Rising Dollar Is Weighing on Corporate Earnings	Wall Street Journal
Big Banks Reshape Lobbying Game	Wall Street Journal
China Shifts Gears to Support Economic Growth Amid Trade Conflict With US	Wall Street Journal
China Targets US Tech Startups in Investment Loophole	Wall Street Journal