Search Results
Showing results 1 to 10 of approximately 45.
(refine search)
Journal Article
Rent or buy?
The residential real estate market showed additional signs of improvement in 2012, though the recovery has been quite different for single-family compared with multifamily markets.
Working Paper
The cyclical properties of disaggregated capital flows
We describe the second-moment properties of the components of international capital flows and their relationship (covariance and correlation) to business cycle variables of 22 emerging and OECD countries. Disaggregated flows have different volatility properties, with debt being the most volatile and FDI the least volatile. We show that (a) inward flows are procyclical, outward and net outward flows are countercyclical for most industrial and emerging countries while, for the G-7, both inward and outward flows are procyclical and net outflows are countercyclical; (b) inward FDI flows are ...
Journal Article
Foreign direct investment in the United States during the financial crisis
FDI flows from overseas parent companies contracted, but intracompany debt and reinvested earnings were affected much more than equity FDI.>
Journal Article
The evolving size distribution of banks
If limiting the size of large banks were considered appropriate to reduce systemic risk, it would be a clear change of direction relative to the long-term evolution of the industry.
Journal Article
Multinationals make the most of IT
Journal Article
Around the World, Gender Gaps Ebb and Flow
Working Paper
What do we know about the relationship between access to finance and international trade?
In part as a response to the recent financial crisis, the relationship between access to finance and international trade has received much attention in the recent years. This article reviews trade finance, its role and functioning. It discusses the relevance of the more general concept of access to credit for firms engaging in international trade both in normal times and during times credit may be scarcer because of a banking and financial crisis. Part of the paper focuses on the evidence from the recent episode of the Great Trade Collapse, and argues that the mixed empirical evidence is at ...
Working Paper
U.S. commercial bank lending through 2008:Q4: new evidence from gross credit flows
How have U.S. commercial banks responded during the current financial crisis? What was hiding behind the dynamics of aggregate commercial bank loans through the end of 2008? We use balance sheet data for the entire population of commercial banks to construct quarterly gross credit flows (credit expansion and credit contraction series) for the U.S. banking system during the period 1999:Q1-2008:Q4 and provide new evidence on changes in lending. We show that credit expansion, as defined in this paper, began declining during the first half of 2008 while credit contraction began steeply increasing ...
Journal Article
Foreign direct investment, productivity, and country growth: an overview
The authors review the empirical literature that studies the relationship between foreign direct investment, productivity, and growth using aggregate data and focus on two questions: Is there evidence of a positive relationship between foreign direct investment and national growth? And does the output of the "multinational sectors" exhibit higher labor productivity? The authors also briefly discuss how the microeconomic evidence and a number of aggregation and composition problems might help explain the ambiguous results in this literature.