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Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Author/Editor: Jeffrey R Franks, Bergljot B Barkbu, Rodolphe Blavy, William Oman, Hanni Schoelermann.

Release Date:January, 2018

We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has more...



Price: $18.00
Youth Unemployment in Advanced Economies in Europe: Searching for Solutions

Author/Editor: Angana Banerji, Sergejs Saksonovs, Huidan Huidan Lin, Rodolphe Blavy.

Release Date:December, 2014

The SDN will assess the youth unemployment problem in advanced European countries, with a special focus on the euro area. It will document the main trends in youth and adult unemployment in 22 more...



Price: $10.00
Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?

Author/Editor: Julien Allard, Rodolphe Blavy.

Release Date:September, 2011

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably more...



Price: $18.00
Estimating Default Frequencies and Macrofinancial Linkages in the Mexican Banking Sector

Author/Editor: Marcos Souto, Rodolphe Blavy.

Release Date:May, 2009

The credit risk measures we develop in this paper are used to investigate macrofinancial linkages in the Mexican banking system. Domestic and external macro-financial variables are found to be more...



Price: $18.00
Mexico's Integration into NAFTA Markets : A View from Sectoral Real Exchange Rates and Transaction Costs

Author/Editor: Luciana Juvenal, Rodolphe Blavy.

Release Date:May, 2008

A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates more...



Price: $18.00
Assessing Banking Sector Soundness in a Long-Term Framework: The Case of Venezuela : The Case of Venezuela

Release Date:October, 2006

This paper combines financial soundness indicators (FSIs) and stress-testing methodologies to provide a broad assessment of the soundness of Venezuela's banking sector, based on a diagnosis of its more...



Price: $20.00
Public Debt and Productivity : The Difficult Quest for Growth in Jamaica

Author/Editor: Rodolphe Blavy.

Release Date:October, 2006

The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public more...



Price: $18.00
Monitoring and Commitment in Bank Lending Behavior

Author/Editor: Rodolphe Blavy.

Release Date:November, 2005

The paper proposes a theoretical argument on the nature of bank lending, based on the idea that, through commitment and monitoring, banks overcome basic informational asymmetries with borrowers. By more...



Price: $15.00
Inflation and Monetary Pass-Through in Guinea

Author/Editor: Rodolphe Blavy.

Release Date:December, 2004

The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error-correction modeling to a bivariate model that includes consumer price and monetary variables. more...



Price: $15.00
Microfinance in Africa : Experience and Lessons From Selected African Countries

Author/Editor: Rodolphe Blavy, Anupam Basu, Murat  Yulek.

Release Date:September, 2004

Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance more...



Price: $15.00
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