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All Outputs (12)

Central Banking, Climate Change and Green Finance (2019)
Book Chapter
Dikau, S., & Volz, U. (2019). Central Banking, Climate Change and Green Finance. In J. Sachs, W. T. Woo, N. Yoshino, & F. Taghizadeh-Hesary (Eds.), Springer Handbook of Green Finance: Energy Security and Sustainable Development (81-102). Springer Nature. https://doi.org/10.1007/978-981-10-8710-3_17-1

Responsibility for financial and macroeconomic stability implicitly or explicitly lies with the central bank, which therefore ought to address climate-related and other environmental risks on a systemic level. Furthermore, central banks, through thei... Read More about Central Banking, Climate Change and Green Finance.

The Role of Institutions and Macroprudential Policy in Managing Spillovers from Quantitative Easing Policies (2019)
Book Chapter
Belke, A., & Volz, U. (2019). The Role of Institutions and Macroprudential Policy in Managing Spillovers from Quantitative Easing Policies. In P. Chantapacdepong, M. Helble, & N. Yoshino (Eds.), Macroeconomic Shocks and Unconventional Monetary Policy. Impacts on Emerging Markets (263-293). Oxford University Press. https://doi.org/10.1093/oso/9780198838104.003.0012

This chapter explores the impact of advanced countries’ quantitative easing on emerging market economies (EMEs) and how macroprudential policy and good governance play a role in preventing potential financial vulnerabilities. We use confidential loca... Read More about The Role of Institutions and Macroprudential Policy in Managing Spillovers from Quantitative Easing Policies.

Flows to Emerging Market and Developing Economies – Global Liquidity and Uncertainty Versus Country-specific Pull Factors (2019)
Journal Article
Belke, A., & Volz, U. (2019). Flows to Emerging Market and Developing Economies – Global Liquidity and Uncertainty Versus Country-specific Pull Factors. Review of development finance, 9(1), 32-50

This article investigates the empirical significance of push and pull factors of different types of capital flows – FDI, portfolio and “others” (including loans) – to emerging market and developing economies. Based on an extensive quarterly mixed tim... Read More about Flows to Emerging Market and Developing Economies – Global Liquidity and Uncertainty Versus Country-specific Pull Factors.

Why Two Degrees Matters to Central Banks (2019)
Other
Volz, U. (2019). Why Two Degrees Matters to Central Banks. London, UK

Why strong leadership is required from central banks and supervisors to ensure the financial sector will be in a position to weather climate risks.

Fostering Green Finance for Sustainable Development in Asia (2019)
Book Chapter
Volz, U. (2019). Fostering Green Finance for Sustainable Development in Asia. In U. Volz, P. J. Morgan, & N. Yoshino (Eds.), Routledge Handbook of Banking and Finance in Asia (488-504). Routledge. https://doi.org/10.4324/9781315543222-27

To place the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from greenhouse gas, fossil fuel and natural resource intensive industries toward more resource efficient technologies and business... Read More about Fostering Green Finance for Sustainable Development in Asia.

The Development and Transformation of the Financial System in the People's Republic of China (2019)
Book Chapter
Tobin, D., & Volz, U. (2019). The Development and Transformation of the Financial System in the People's Republic of China. In U. Volz, P. J. Morgan, & N. Yoshino (Eds.), Routledge Handbook of Banking and Finance in Asia (15-38). Routledge. https://doi.org/10.4324/9781315543222-2

After close to two decades of financial sector reform, the financial system in the People’s Republic of China (PRC) is now a participant in the global financial system in a way that other large Asian economies such as Japan and India have never been.... Read More about The Development and Transformation of the Financial System in the People's Republic of China.

The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance (2019)
Preprint / Working Paper
Kling, G., Volz, U., Murinde, V., & Ayas, S. The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance. London

This paper investigates the effect of climate-related risk on firms’ cost of capital and access to finance. Building on recent findings that climate vulnerability significantly increases sovereign cost of debt, we posit a ‘pass-through effect’ whereb... Read More about The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance.

Banking and Finance in Thailand (2019)
Book Chapter
Jinjarak, Y., & Volz, U. (2019). Banking and Finance in Thailand. In U. Volz, P. J. Morgan, & N. Yoshino (Eds.), Routledge Handbook of Banking and Finance in Asia (179-200). Routledge. https://doi.org/10.4324/9781315543222-11

Since the 1960s, Thailand has made remarkable progress in its social and economic development. Over the past five decades, per capita income has progressed with only short stalling periods during 1997–2001 due to the Asian financial crisis and during... Read More about Banking and Finance in Thailand.

Introduction: Characteristics of Asian Financial Systems in Comparative Perspective (2019)
Book Chapter
Morgan, P. J., Volz, U., & Yoshino, N. (2019). Introduction: Characteristics of Asian Financial Systems in Comparative Perspective. In U. Volz, P. J. Morgan, & N. Yoshino (Eds.), Routledge Handbook of Banking and Finance in Asia (1-12). Routledge. https://doi.org/10.4324/9781315543222-1

Asia has become the most dynamic economic area in the world economy, and this dynamism is reflected in the developments that are taking place in the banking and financial systems of Asian economies. The chapters in this handbook aim to provide an ove... Read More about Introduction: Characteristics of Asian Financial Systems in Comparative Perspective.

Routledge Handbook of Banking and Finance in Asia (2019)
Book
Volz, U., Morgan, P. J., & Yoshino, N. (Eds.). (2019). Routledge Handbook of Banking and Finance in Asia. Routledge. https://doi.org/10.4324/9781315543222

The Routledge Handbook of Banking and Finance in Asia brings together leading scholars, policymakers, and practitioners to provide a comprehensive and cutting-edge guide to Asia’s financial institutions, markets, and systems. Part I provides a countr... Read More about Routledge Handbook of Banking and Finance in Asia.