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Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Author/Editor: Jihad Dagher.

Release Date:January, 2018

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated more...



Price: $18.00
Benefits and Costs of Bank Capital

Author/Editor: Jihad Dagher, Giovanni Dell'Ariccia, Luc Laeven, Lev Ratnovski, Hui Tong.

Release Date:March, 2016

The appropriate level of bank capital and, more generally, a bank’s capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by more...



Price: $10.00
Housing Finance and Real-Estate Booms : A Cross-Country Perspective

Author/Editor: Eugenio Cerutti, Jihad Dagher, Giovanni Dell'Ariccia.

Release Date:June, 2015

The recent global crisis highlighted the risks stemming from real estate booms. This has generated a growing literature trying to better understand the sources and the risks associated with housing more...



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Borrower Protection and the Supply of Credit: Evidence from Foreclosure Laws

Author/Editor: Jihad Dagher, Yangfan Sun.

Release Date:November, 2014

Laws governing the foreclosure process can have direct consequences on the costs offoreclosure and could therefore affect lending decisions. We exploit the heterogeneity inthe judicial requirements more...



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Banks' Liability Structure and Mortgage Lending During the Financial Crisis

Author/Editor: Jihad Dagher, Kazim Kazimov.

Release Date:June, 2012

We examine the impact of banks’ exposure to market liquidity shocks through wholesale funding on their supply of credit during the financial crisis in the United States. We focus on more...



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On the Stability of Money Demand in Ghana : A Bounds Testing Approach

Author/Editor: Arto Kovanen, Jihad Dagher.

Release Date:November, 2011

This paper adopts the bounds testing procedure developed by Pesaran et al. (2001) to test the stability of the long-run money demand for Ghana. The results provide strong evidence for the presence of more...



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What Fuels the Boom Drives the Bust : Regulation and the Mortgage Crisis

Author/Editor: Jihad Dagher, Ning Fu.

Release Date:September, 2011

We show that the lightly regulated non-bank mortgage originators contributed disproportionately to the recent boom-bust housing cycle. Using comprehensive data on mortgage originations, which we more...



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Sudden Stops, Output Drops, and Credit Collapses

Author/Editor: Jihad Dagher.

Release Date:July, 2010

This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks more...



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Oil Windfalls in Ghana : A DSGE Approach

Author/Editor: Jihad Dagher, Jan Gottschalk, Rafael Portillo.

Release Date:May, 2010

We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the more...



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A Model for Full-Fledged Inflation Targeting and Application to Ghana

Author/Editor: Kevin Clinton, Jihad Dagher, Ondrej Kamenik, Douglas Laxton, Ali Alichi, Marshall Mills.

Release Date:January, 2010

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a more...



Price: $18.00
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