Annual Conference

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International Macroeconomics, Money & Banking

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May 2018

No abstract
Keywords: Macro-Financial Modelling, Singapore Economy, GVAR approach
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2018

We investigate the consequences of overleveraging and the potential for destabilizing effects arising from financial- and real-sector interactions. In a theoretical framework, we model overleveraging and demonstrate how a highly leveraged banking system can lead to unstable dynamics and downward spi...
Keywords: Macro-Financial Linkages, Leverage, credit supply
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2018

This paper proposes a quantitative model of the banking sector to analyze potential aggregate impacts of the minimum capital requirements and counter-cyclical capital buffer in Basel III capital regulations. In the literature, an analysis on aggregate impacts of counter-cyclical capital buffer is li...
Keywords: Capital regulations, Banking sector, Credit Risk, bank loans
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Annual Conference

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Accounting

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May 2018

This paper examines the role that exchange-traded funds (ETFs) play in the transfer of information across firms around earnings announcements. Our analysis focuses on the differences in information transfer between broad-based and sector ETFs. We find that firms with sector ETF ownership are associa...
Keywords: ETF, Information transfer, Post earnings announcement drift, sector ETF
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Annual Conference

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Accounting

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May 2018

We study the implications of cross-country regulatory differences on banks’ transparency and stability abroad. Using a global sample of banks’ majority-owned foreign subsidiaries, we find that foreign subsidiaries’ transparency decreases when their home countries have tighter activity restrict...
Keywords: transparency within and among MNEs and national states, agency theory, multinational corporations (MNCs) and enterprises (MNEs), headquarters–subsidiary roles and relations
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