| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5675 |
| DP5675 Were American Parents Really Selfish? Child Labour in the 19th Century | |
| Venkataraman Bhaskar; Bishnupriya Gupta | |
| 发表日期 | 2006-05-08 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We establish an empirical regularity that a weak creditor protection index is associated with high stock price volatility. Using a standard Tobin Q model we demonstrate two distinct mechanisms that are responsible for increased volatility: credit guarantees and weak creditor protection that tightens credit constraints. In a panel of OECD and non OECD countries we attempt to identify the effects of these distinct mechanisms on stock price volatility while taking explicit account of events of financial crises. We find that both mechanisms are responsible for the stock price volatility in the data. |
| 主题 | International Macroeconomics |
| 关键词 | Credit guarantees Credit constraints Credit growth volatility Stock price volatility |
| URL | https://cepr.org/publications/dp5675 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534515 |
| 推荐引用方式 GB/T 7714 | Venkataraman Bhaskar,Bishnupriya Gupta. DP5675 Were American Parents Really Selfish? Child Labour in the 19th Century. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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