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This paper investigates the presence of depositor discipline in the U.S. banking sector. We test whether depositors penalize (discipline) banks for poor performance by withdrawing their uninsured deposits. While focusing on the movements in uninsured deposits, we also account for the possibility that banks may be forced to pay a risk premium in the form of higher interest rates to induce depositors not to withdraw their uninsured deposits. Our results support the existence of depositor discipline: a weak bank may not necessarily be able to stop a deposit drain by raising its uninsured deposit interest rates.

Banks and banking --- Deposit insurance --- Interest rates --- Banks and Banking --- Financial Risk Management --- Industries: Financial Services --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: Government Policy and Regulation --- Interest Rates: Determination, Term Structure, and Effects --- International Financial Markets --- Financial Institutions and Services: General --- Banking --- Finance --- Economic & financial crises & disasters --- Deposit rates --- Bank deposits --- Special purpose vehicle --- Financial services --- Financial crises --- Asset and liability management --- Distressed institutions --- Financial institutions --- Crisis management --- Asset-liability management --- Financial services industry --- United States

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Economic globalization is increasingly challenging traditional, closedeconomy intuition about linkages between demand, supply, and employment. In some parts of the world, substantial employment growth is arising from external demand while, in other areas, there is growing concern that domestic demand is being diverted to external sources of supply and employment. To better understand and predict how employment patterns will evolve with expanding international trade, the best of labor market theory must be brought into an empirical general equilibrium framework which can capture these complex interactions. The purpose of the present study is to review the innovative recent literature on labor markets and distill essential elements which can be implemented in a practical manner. The result is a taxonomy of new labor market theories and an agenda for new empirical research on wage and employment adjustment ...

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The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level.

Finance --- Business & Economics --- Banking --- Banks and banking, Foreign. --- Banks and banking --- Agricultural banks --- Banking industry --- Commercial banks --- Depository institutions --- Foreign banks and banking --- Offshore banking (Finance) --- Financial institutions --- Money --- Banks and Banking --- Money and Monetary Policy --- Industries: Financial Services --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Monetary economics --- Foreign banks --- Foreign currency exposure --- Currencies --- Nonbank financial institutions --- Banks and banking, Foreign --- Foreign exchange market --- Financial services industry --- United States

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This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediatires and a corresponding price series. Using price and quantity indicators simultaneously, it is possible to distinguish between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm that global liquidity conditions matter for economic and financial stability, and points to indicators whose regular monitoring could be valuable to policymakers. .

Liquidity (Economics) --- Economic development. --- Development, Economic --- Economic growth --- Growth, Economic --- Assets, Frozen --- Frozen assets --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Finance --- E-books --- Accounting --- Finance: General --- Macroeconomics --- Economic Theory --- Financial Crises --- International Financial Markets --- General Financial Markets: Government Policy and Regulation --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- 'Panel Data Models --- Spatio-temporal Models' --- Portfolio Choice --- Investment Decisions --- Agriculture: Aggregate Supply and Demand Analysis --- Prices --- Public Administration --- Public Sector Accounting and Audits --- Economic theory & philosophy --- Financial reporting, financial statements --- Economic & financial crises & disasters --- Liquidity --- International liquidity --- Supply shocks --- Financial statements --- Global financial crisis of 2008-2009 --- Asset and liability management --- Economic theory --- Public financial management (PFM) --- Financial crises --- International finance --- Supply and demand --- Finance, Public --- Global Financial Crisis, 2008-2009 --- United States --- Panel Data Models --- Spatio-temporal Models

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