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Displaying results 1 to 4 of 4.

  1. Sectoral comovement, monetary policy and the credit channel
    Author: Di Pace, Federico; Görtz, Christoph
    Published: June 2021
    Publisher:  Bank of England, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 443
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 925
    Subjects: Financial intermediation; sectoral comovement; monetary policy; financial frictions; credit spreads
    Scope: 1 Online-Ressource (circa 39 Seiten)
  2. Labour market frictions, monetary policy and durable goods
    Author: Di Pace, Federico; Hertweck, Matthias
    Published: October 2016
    Publisher:  Bank of England, [London]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 623
    Subjects: Durable production; labour market frictions; sectoral comovement; monetary policy
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  3. Credit chain and sectoral comovement
    a multi-region investigation
    Author: Lee, Hsiao-Hui; Yang, S. Alex; Zhang, Yuxuan; Kim, Kijin
    Published: [2021]
    Publisher:  Asian Development Bank, Metro Manila, Philippines

    This paper empirically examines how sectoral comovements are correlated with trade credit usage in a multi-region setting. Extending the models in Shea (2002) and Raddatz (2010), we develop a framework that captures the impact of trade credit usage... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Max-Planck-Institut für ausländisches öffentliches Recht und Völkerrecht, Bibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 496
    Inter-library loan:
    No inter-library loan

     

    This paper empirically examines how sectoral comovements are correlated with trade credit usage in a multi-region setting. Extending the models in Shea (2002) and Raddatz (2010), we develop a framework that captures the impact of trade credit usage on comovement between sectors within an economy and across economies separately. Using the Multi-Regional Input-Output Table developed by the Asian Development Bank, we assemble a dataset consisting of 14 manufacturing industries for 53 economies. We provide empirical evidence that trade credit linkage is an influential channel for both the domestic and cross-border shocks to propagate and create a more profound impact on industries around the globe. We find that the impact of domestic credit chains on sectoral comovement is twice as strong as that of the international ones. We further examine the time trend of this relationship and find that, from 2000 to 2018, the positive relationship between the intensity of trade credit usage and sectoral correlation decreases. We posit that this could be due to more diversified global trade pattern changes during these two decades.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/246717
    Series: ADB economics working paper series ; no. 640 (October 2021)
    Subjects: trade credit; credit chain; sectoral comovement; input-output table; systemic risk
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  4. Monetary policy, sectoral comovement and the credit channel
    Author: Di Pace, Federico; Görtz, Christoph
    Published: June 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/236684
    Series: CESifo working paper ; no. 9142 (2021)
    Subjects: financial intermediation; sectoral comovement; monetary policy; financial frictions; credit spreads
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen