Specialty Conference

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Specialty Conference

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Feb 2022

By a Silken Thread-Regional banking integration and pathways to financial development in Japan’s Great Recession

Mathias HOFFMANN, Toshihiro OKUBO
How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to study this question. Regional differences in banking integration affected how the recession spread across the country: financing frictions for credit-dependent firms were more severe ...
Keywords: financial development, financial integration, Japan, Great Recession, Lost Decade, banking integration, regional business cycles, transmission of financial shocks, misallocation of credit, trade credit, export finance, silk industry
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Specialty Conference

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Specialty Conference

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Sep 2020

Blockchain for SME Finance: Call for Empirical Testing

Mariya YESSELEVA-PIONKA
For many countries worldwide, small and medium enterprises (SMEs) are the backbones of their economy, more than half of the overall world population is working for SMEs. Historically, research studies on SME lending have emphasised that SMEs are less transparent and have an information advantage in ...
Keywords: Blockchain, SMEs, access to funding, DLT, policy, ISO, Standards Australia, SG2 use cases, regulation
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Specialty Conference

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Specialty Conference

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Jan 2017

Banks Credit and Productivity Growth

Fadi HASSAN, Filippo di MAURO, Gianmarco I. P. OTTAVIANO
Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping generations of entrepreneurs under complete and incomple...
Keywords: Bank Credit, Capital Allocation, productivity, Credit Constraints
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Specialty Conference

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Specialty Conference

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Sep 2020

Asset Tokenization: A Blockchain Solution to Financing Infrastructure in Emerging Markets and Developing Economies

Yifeng TIAN, Peter ADRIAENS, R. Edward MINCHIN, Charles CHANG, Zheng LIU, Chaoying QI
Infrastructure is essential to alleviate poverty and generate long-term growth in emerging markets and developing counties (EMDEs). Nevertheless, financing of infrastructure in EMDEs is faced with pressure on increasing government deficits, issues of transparency, and high financing cost, as well as...
Keywords: infrastructure finance, Blockchain, asset tokenization, public-private partnerships, emerging markets and developing economies
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Specialty Conference

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Specialty Conference

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Jan 2017

A DSGE Model to Assess the Post Crisis Regulation of Universal Banks

Olivier de BANDT, Mohammed CHAHAD
The paper assesses the overall consistency and impact on both the financial sector and the real economy, of the numerous banking regulations that have been introduced in the aftermath of the Great Financial Crisis. For this purpose, we develop, within a multi-period asset framework, a large scale DS...
Keywords: Basel III, Solvency ratio, Liquidity ratios, Multi-period assets, Firms' heterogeneity
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