Now showing items 1-2 of 2
Government domestic debt, private sector credit, and crowding out effect in oil-dependent countries
(Hanyang Economic Research Institute, 2017)
Banks are more liquid, better capitalised, and more profitable in oil-dependent countries. However, bank credit to the private sector is relatively low as a percentage of GDP. The low level has been blamed, amongst other ...
Exchange rate puzzle in New Zealand: New evidence
(Hanyang Economic Research Institute, 2019-08-31)
This paper adopts an event-study approach that utilises a combination of the asset pricing model of the exchange rate due to Engel and West (2010) and a state space model to examine the impact of monetary policy shocks on ...