 | When Banks Punch Back: Macrofinancial Feedback Loops in Stress Tests Author/Editor: Mario Catalan, Alexander W Hoffmaister. Release Date:May, 2020 In the presence of adverse macroeconomic shocks, simultaneous capital losses in multiple banks can prompt them to contract their balance sheets. These bank responses generate externalities that more...
| Price: $18.00
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| Bank Capital and Lending: An Extended Framework and Evidence of Nonlinearity Author/Editor: Mario Catalan, Alexander W Hoffmaister, Cicilia Anggadewi Harun. Release Date:November, 2017 This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A
series of theoretically founded dynamic panel data models are estimated and find nonlinear
more...
| Price: $18.00
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 | A Tradeoff between the Output and Current Account Effects of Pension Reform Author/Editor: Mario Catalan, Nicolas E Magud. Release Date:December, 2012 We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving more...
| Price: $18.00
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| Market Discipline and Conflicts of Interest Between Banks and Pension Funds Author/Editor: Adolfo Barajas, Mario Catalan. Release Date:December, 2011 We study the behavior of private pension funds as large depositors in a banking system. Using panel data analysis, we examine whether, and if so how, pension funds influence market discipline in more...
| Price: $18.00
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| Global Aging and Declining World Interest Rates : Macroeconomic Insurance Through Pension Reform in Cyprus Author/Editor: Alexander W Hoffmaister, Jaime Guajardo, Mario Catalan. Release Date:April, 2008 How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor more...
| Price: $18.00
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| Coping with Spain's Aging : Retirement Rules and Incentives Author/Editor: Alexander W Hoffmaister, Mario Catalan, Jaime Guajardo. Release Date:May, 2007 This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension benefits in a pay-as-you-go system. It also examines the complementarities more...
| Price: $18.00
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| Cyclical Implications of Changing Bank Capital Requirements in a Macroeconomic Framework Author/Editor: Eduardo J J Ganapolsky, Mario Catalan. Release Date:August, 2005 There is a widespread view that bank capital requirements should be loosened during recessions and tightened during expansions to avoid excessive credit and output swings. This view is based on a more...
| Price: $15.00
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