 | The Effects of Unconventional Monetary Policies on Bank Soundness Author/Editor: Frederic Lambert, Kenichi Ueda. Release Date:August, 2014 Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study more...
| Price: $18.00
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| Quantifying Structural Subsidy Values for Systemically Important Financial Institutions Author/Editor: Kenichi Ueda, Beatrice Weder di Mauro. Release Date:May, 2012 Claimants to SIFIs receive transfers when governments are forced into bailouts. Ex ante, the bailout expectation lowers daily funding costs. This funding cost differential reflects both the more...
| Price: $18.00
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 | Central Bank Independence and Macro-prudential Regulation Author/Editor: Kenichi Ueda, Fabian Valencia. Release Date:April, 2012 We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial more...
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| Financial Frictions, Investment, and Institutions Author/Editor: Yishay Yafeh, Kenichi Ueda, Stijn Claessens. Release Date:October, 2010 Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, more...
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 | The Economics of Bank Restructuring: Understanding the Options : Understanding the Options Author/Editor: Augustin Landier, Kenichi Ueda. Release Date:June, 2009 Based on a simple framework, this note clarifies the economics behind bank restructuring and evaluates various restructuring options for systemically important banks. The note assumes that the more...
| Price: $10.00
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| Banks and Labor as Stakeholders : Impact on Economic Performance Author/Editor: Kenichi Ueda, Stijn Claessens. Release Date:September, 2008 Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of more...
| Price: $18.00
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| Life Expectancy and Income Convergence in the World : A Dynamic General Equilibrium Analysis Author/Editor: Kenichi Ueda. Release Date:June, 2008 There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer life much more than material happiness, the world living standards may this have more...
| Price: $18.00
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| Welfare Gains from Financial Liberalization Author/Editor: Kenichi Ueda, Robert M Townsend. Release Date:July, 2007 Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we find sizable welfare gains, 1 to 28 percent of more...
| Price: $18.00
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| Corporate Governance Quality : Trends and Real Effects Author/Editor: Kenichi Ueda, Gianni De Nicolo, Luc Laeven. Release Date:December, 2006 This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on more...
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| Banks As Coordinators of Economic Growth Author/Editor: Kenichi Ueda. Release Date:November, 2006 This paper formally identifies an important role of banks: Banks competitively internalize production externalities and facilitate economic growth. I formulate a canonical growth model with more...
| Price: $18.00
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