Thilo Grau
Berlin,
30.05.2012
| Brown Bag Seminar of the Sustainability Cluster: Responsive Adjustment of Feed-in Tariffs to Dynamic PV Technology Development
Alexander Eickelpasch
Seoul, Republik Korea,
24.05.2012
| Korea-Germany Competitiveness Forum 2012: Learning from Each Other in Finance & SMEs Development: Hosted by the Presidential Council on National Competitiveness, Korea Foundation
This study assesses how banking sector integration and especially cross-border lending affect macroeconomic stability. I use a two-country general equilibrium model with heterogeneous banks that are hit by idiosyncratic shocks. According to the concept of granularity, idiosyncratic shocks to large firms (or: banks) do not have to cancel out under a skewed distribution of firm sizes. Given the...
Franziska Bremus
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance
Franziska Bremus
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance
This paper explores the quantitative role of financial market frictions on capital flows and the business cycle in emerging markets. A financial sector in close analogy to Gertler and Karadi (2011) is embedded in an otherwise standard neoclassical model of a small open economy. An agency problem between international investors and domestic banks gives rise to an endogenously determined leverage...
Christoph Große Steffen
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance