Arbeitspapier
Did Globalization Influence Credit Market Deregulation
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both cross-sectional and panel regressions using ordinary least squares indicate a positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted trade openness as an instrumental variable and show that this approach gives rise to different conclusions. Two-stage least squares estimations do not show that globalization had a causal influence on credit market deregulation.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5374
- Klassifikation
-
Wirtschaft
Economic Impacts of Globalization: Finance
Economic Impacts of Globalization: Policy
General Financial Markets: Government Policy and Regulation
Financial Institutions and Services: Government Policy and Regulation
International Policy Coordination and Transmission
Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
- Thema
-
globalization
credit market deregulation
instrumental variables
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eppinger, Peter
Potrafke, Niklas
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Eppinger, Peter
- Potrafke, Niklas
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
Ähnliche Objekte (12)
Labor market deregulation and globalization: empirical evidence from OECD countries
The Evidence on Globalization
Globalization and Labor Market Institutions: International Empirical Evidence
Globalization and Social Justice in OECD Countries
The Growth in Military Expenditure in Germany 1951-2011: Did Parties Matter?
Globalization and Income Inequality Revisited
Globalization and Income Inequality Revisited
Parties Matter in Allocating Expenditures : Evidence from Germany
Political Effects on the Allocation of Public Expenditures : Empirical Evidence from OECD Countries
Social Expenditures as a Political Cue Ball? OECD Countries under Examination
The timing of employment breaks : how does it affect pension benefits? Empirical evidence from Germany
Does Public Sector Outsourcing Decrease Public Employment? Empirical Evidence from OECD Countries
Labor market deregulation and globalization: empirical evidence from OECD countries
The Evidence on Globalization
Globalization and Labor Market Institutions: International Empirical Evidence
Globalization and Social Justice in OECD Countries
The Growth in Military Expenditure in Germany 1951-2011: Did Parties Matter?
Globalization and Income Inequality Revisited
Globalization and Income Inequality Revisited
Parties Matter in Allocating Expenditures : Evidence from Germany
Political Effects on the Allocation of Public Expenditures : Empirical Evidence from OECD Countries
Social Expenditures as a Political Cue Ball? OECD Countries under Examination
The timing of employment breaks : how does it affect pension benefits? Empirical evidence from Germany
Does Public Sector Outsourcing Decrease Public Employment? Empirical Evidence from OECD Countries
Labor market deregulation and globalization: empirical evidence from OECD countries
The Evidence on Globalization
Globalization and Labor Market Institutions: International Empirical Evidence
Globalization and Social Justice in OECD Countries
The Growth in Military Expenditure in Germany 1951-2011: Did Parties Matter?
Globalization and Income Inequality Revisited
Globalization and Income Inequality Revisited
Parties Matter in Allocating Expenditures : Evidence from Germany
Political Effects on the Allocation of Public Expenditures : Empirical Evidence from OECD Countries
Social Expenditures as a Political Cue Ball? OECD Countries under Examination
The timing of employment breaks : how does it affect pension benefits? Empirical evidence from Germany