Centre for Finance, Credit and Macroeconomics (CFCM)

Publications 2017

2017 2016 | 20152014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005

CFCM staff have published recently in the Journal of the European Economic Association, the Economic Journal, the Journal of Economic Theory, the International Economic Review, Review of Economics and Statistics, the Journal of Monetary Economics, the Journal of International Economics, the Journal of Money, Credit and Banking, the Journal of Economic Dynamics and Control, the Journal of Health Economics, Economica and many more.

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CFCM discussion papers 2017

CFCM 17/09: Cross-country spillovers from macroprudential regulation: Reciprocity and leakage

Margarita Rubio explores how macroprudential policies can cause spillovers when they are not applied in the same way to domestic and foreign branches operating in the country.

CFCM 17/08: Contagion in stable networks

In this paper, Spiros Bougheas examines the formation of networks that are potentially hit by shocks. The costs inflicted on each node depend on the structure of the whole network. Networks with both direct and indirect links are considered.

CFCM 17/07: Currency risk in corporate bond spreads in the Eurozone

Michael Bleaney and Veronica Veleanu

CFCM 17/06: Does rental housing market stabilize the economy? A micro and macro perspective.

In this paper, Michal Rubaszek and Margarita Rubio conduct an original survey among a representative group of 1005 Poles to dig into the causes of rental market underdevelopment and design appropriate policy recommendations.

CFCM 17/05: Are Fixed Exchange Rates Still a Mirage?

Michael Bleaney and Mo Tian

CFCM 17/04: Customer financing, bargaining power and trade credit uptake

Simona Mateut and Thanaset Chevapatrakul examine whether the relative roles played by the financing and the bargaining power motives vary depending on the amount of trade credit taken by firms.

CFCM 17/02: Welfare benefit reforms and employment

Marta Aloi and co-authors investigate the implications on employment and income of low skilled workers of shifting from unemployment benefits to income subsidies (a flat basic income payment). They show that such a move (increasingly advocated by many) will bring about a net decrease in employment levels and a higher tax burden for the employed low skilled workers.

CFCM 17/01: Portfolio Sales and Signaling

Spiros Bougheas and Tim Worrall analyse optimal selling strategies for portfolios of assets when retention is used as a signal of quality.


Centre for Finance, Credit and Macroeconomics

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Enquiries: hilary.hughes@nottingham.ac.uk