In this paper, we study the least squares (LS) estimator in a linear panel regression model with unknown number of factors appearing as interactive fixed effects. Assuming that the number of factors ...

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We first develop a theoretical model of the relationship between bank profitability and ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, ...

Retail electric deregulation has been identified in the literature to have favorable price impacts to businesses and households because of the introduction of competition into rate-setting. Those ...