Add to ORKGWe empirically show that after an increase in global financial risk, the response of unemployment is markedly more subdued in emerging economies (EMEs) relative to small open advanced economies (SOAEs), while the differential response of GDP and investment across the two country groups is noticeably smaller, if at all, in EMEs. A model with banking frictions, frictional unemployment, and household and firm heterogeneity in financial inclusion can help rationalize these facts. Limited financial inclusion among households is central to explaining the differ- ential response of unemployment in EMEs amid global financial risk shocks
This dissertation consists of three essays that aim to provide a deeper understanding of the consequ...
We investigate the impact of foreign equity and debt on the occurrence of banking crises in 61 lower...
Employment effects of the recent global economic crisis have differed significantly across countries...
We document a negative and significant relationship between domestic financial de- velopment and une...
The degree of bank competition as well as firms’ and households’ participation in the domestic...
Financial sector has experienced significant expansion together with accelerating financial globaliz...
We analyze the impact of financial globalization on asset prices, investment and the possibility of ...
We analyze the effects of financial and trade globalization on the likelihood of financial crashes i...
We examine the impact of the global financial crisis on the degree of international income and consu...
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and fin...
peer reviewedFinancial fragility increases economic uncertainty and restricts credit to firms, leadi...
Financial inclusion has been extensively researched on a nation-by-nation basis. The recently releas...
It has been argued that credit market frictions may contribute to high unemployment. Hence, we asses...
The 2007-09 global financial crisis has led to a rethinking of the role of financial intermediaries ...
Financialisation research has originally focussed on the US experience, but the concept is now incre...
This dissertation consists of three essays that aim to provide a deeper understanding of the consequ...
We investigate the impact of foreign equity and debt on the occurrence of banking crises in 61 lower...
Employment effects of the recent global economic crisis have differed significantly across countries...
We document a negative and significant relationship between domestic financial de- velopment and une...
The degree of bank competition as well as firms’ and households’ participation in the domestic...
Financial sector has experienced significant expansion together with accelerating financial globaliz...
We analyze the impact of financial globalization on asset prices, investment and the possibility of ...
We analyze the effects of financial and trade globalization on the likelihood of financial crashes i...
We examine the impact of the global financial crisis on the degree of international income and consu...
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and fin...
peer reviewedFinancial fragility increases economic uncertainty and restricts credit to firms, leadi...
Financial inclusion has been extensively researched on a nation-by-nation basis. The recently releas...
It has been argued that credit market frictions may contribute to high unemployment. Hence, we asses...
The 2007-09 global financial crisis has led to a rethinking of the role of financial intermediaries ...
Financialisation research has originally focussed on the US experience, but the concept is now incre...
This dissertation consists of three essays that aim to provide a deeper understanding of the consequ...
We investigate the impact of foreign equity and debt on the occurrence of banking crises in 61 lower...
Employment effects of the recent global economic crisis have differed significantly across countries...