Central Bank Review最新文献_第9页

Structural transformation in the presence of trade and financial integration in sub–Saharan Africa 撒哈拉以南非洲在贸易和金融一体化背景下的结构转型

IF 2.8

Central Bank Review Pub Date : 2020-03-01 DOI: 10.1016/j.cbrev.2020.02.001

Imhotep Paul Alagidede , Muazu Ibrahim , Yakubu Awudu Sare

引用次数: 15

Oil price shocks and the composition of current account balance 油价冲击与经常项目收支构成

IF 2.8

Central Bank Review Pub Date : 2020-03-01 DOI: 10.1016/j.cbrev.2020.02.002

Serdar Varlik , M. Hakan Berument

引用次数: 6

Market-based monetary policy expectations for Turkey 市场对土耳其货币政策的预期

IF 2.8

Central Bank Review Pub Date : 2020-03-01 DOI: 10.1016/j.cbrev.2019.11.001

Fatih Akçelik, Anıl Talaslı

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引用次数: 1

Labour market fluctuations: An RBC model for emerging countries 劳动力市场波动:新兴国家的RBC模型

IF 2.8

Central Bank Review Pub Date : 2019-12-01 DOI: 10.1016/j.cbrev.2019.11.002

Sevgi Coşkun

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引用次数: 0

Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view 把球扔进锅里?全球金融市场动荡时期主权财富基金的对外直接投资:基于收益率机构的观点

IF 2.8

Central Bank Review Pub Date : 2019-12-01 DOI: 10.1016/j.cbrev.2019.08.003

K.S. Reddy

{"title":"Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view","authors":"K.S. Reddy","doi":"10.1016/j.cbrev.2019.08.003","DOIUrl":"10.1016/j.cbrev.2019.08.003","url":null,"abstract":"<div><p>Noticing the visible hand of state capitalism in global production and value chain system, this study examines the outward foreign direct investment strategy of sovereign wealth funds (SWFs). Leveraging theoretical insights from the conventional political economy and international business literature, the study first conceptualizes a <em>yield</em> institutions-based view—marketization to sustainable competitive advantage—to gain a better understanding of the main purposes and economic and institutional determinants of SWFs. Efforts have been made to deepen the institutions-based perspective of global strategy and introduce it into, establish its relevance to SWFs research. Second, the study presents SWFs' outward FDI patterns and acquisition deals in times of global financial market turbulence. Findings suggest that SWFs’ outward FDI choices are primarily determined by institutional transitions, market development and government legitimacy in the home country, thus to invest globally, earn higher economic returns, and secure resources. These choices are firmly motivated toward advanced financial markets, and real estate and infrastructure sectors. Third and last, the study discusses several important implications for state capitalism, policymakers, and sustainable development.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":"19 4","pages":"Pages 129-139"},"PeriodicalIF":2.8,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.cbrev.2019.08.003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85693398","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 14

Imported inputs and the countercyclicality of net exports in emerging markets 进口投入与新兴市场净出口的逆周期性

IF 2.8

Central Bank Review Pub Date : 2019-12-01 DOI: 10.1016/j.cbrev.2019.11.003

S. Tolga Tiryaki

引用次数: 1

Financial inclusion and tax revenue 普惠金融和税收

IF 2.8

Central Bank Review Pub Date : 2019-09-01 DOI: 10.1016/j.cbrev.2019.08.004

Gamze Oz-Yalaman

引用次数: 49

The distortionary effects of sterilised reserve accumulation on domestic credit markets: Evidence from Uganda 冲销外汇储备积累对国内信贷市场的扭曲效应:来自乌干达的证据

IF 2.8

Central Bank Review Pub Date : 2019-09-01 DOI: 10.1016/j.cbrev.2019.08.001

Jimmy Apaa Okello, Beatrice K. Mkenda, Eliab Luvanda

{"title":"The distortionary effects of sterilised reserve accumulation on domestic credit markets: Evidence from Uganda","authors":"Jimmy Apaa Okello, Beatrice K. Mkenda, Eliab Luvanda","doi":"10.1016/j.cbrev.2019.08.001","DOIUrl":"10.1016/j.cbrev.2019.08.001","url":null,"abstract":"<div><p>Some small open Least Income Countries embarked on rapid accumulation of foreign reserves in the wake of volatile capital inflows. Foreign reserve accumulation is one way of managing volatile capital flows. However, rapid and persistent accumulation is not only costly, but potentially distort the domestic financial markets, especially when it is financed by sterilisation. This study investigates the potential distortions on commercial bank lending in Uganda. Our empirical results show that sterilised reserve purchases crowd-out bank lending. The crowding-out effect is persistent even when bank capitalisation and shifts in monetary policy regimes are controlled for, which raise important policy implications. The objective of sterilisation is to maintain the prevailing stance of monetary policy. However, when it alters the prevailing stance of monetary policy and consequently the direction of the impact of policy as the empirical result has shown, then sterilised reserve purchases violate the “impossible trinity” i.e. it weakens the monetary authority's control over domestic monetary conditions.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":"19 3","pages":"Pages 93-105"},"PeriodicalIF":2.8,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.cbrev.2019.08.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76025120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Job mobility in Turkey 土耳其的就业流动性

IF 2.8

Central Bank Review Pub Date : 2019-09-01 DOI: 10.1016/j.cbrev.2019.08.002

Yusuf Emre Akgündüz, Altan Aldan, Yusuf Kenan Bağır, Huzeyfe Torun

{"title":"Job mobility in Turkey","authors":"Yusuf Emre Akgündüz, Altan Aldan, Yusuf Kenan Bağır, Huzeyfe Torun","doi":"10.1016/j.cbrev.2019.08.002","DOIUrl":"10.1016/j.cbrev.2019.08.002","url":null,"abstract":"<div><p>The degree and quality of job mobility is an important factor of optimal allocation of resources and growth in an economy. Job mobility facilitates productive employer-employee matches. In that respect, job mobility allows employees to work in industries which suit their skills and enables earning gains. It also supports industry level productivity gains by providing shift of employment from less productive firms to more productive ones. In this study, a descriptive analysis of job mobility is conducted using Entrepreneurship Information System data. The results suggest that job mobility is higher among young and men. In addition, more than half of the job movers switch to jobs in bigger, more productive and more profitable firms. Job mobility is intensive within manufacturing and trade-transportation industries and employees in mining, construction, public administration, education and health industries are more likely to switch to jobs in other industries. Finally, the determinants of job mobility between regions are analyzed and a positive relation between internal migration and intra-regional job mobility is found.</p></div>","PeriodicalId":43998,"journal":{"name":"Central Bank Review","volume":"19 3","pages":"Pages 83-91"},"PeriodicalIF":2.8,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.cbrev.2019.08.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79616677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

The impact of income distribution on house prices 收入分配对房价的影响

IF 2.8

Central Bank Review Pub Date : 2019-06-01 DOI: 10.1016/j.cbrev.2019.05.001

M. Utku Özmen, M. Koray Kalafatcılar, Erdal Yılmaz

引用次数: 10