| Előd Takáts - Research - Elod Takats | |
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| Academics: Princeton University,
PhD in Financial Economics, 2002-2006 | | |
| | Woodrow Wilson Fellow (4
selected out of 120 eligible) | | |
| | Fields: Finance, International Finance | | |
| | Advisors: Patrick Bolton, Markus
Brunnermeier, Henry Farber | | |
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| Research and
Analytic Work | | |
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| | Recent research | | |
| | Ageing and asset prices (BIS
WP 318) | | |
| | | Based
on BIS property price data the paper
identifies the impact ageing on asset prices. Based on the results,
global
asset prices could face headwinds up to 100 basis points over the next
forty
years. Media coverage:
Reuters, Financial Times Alphaville, Economist,
International Herald Tribune, etc | |
| | Was
it credit supply? Cross-border bank lending to emerging markets during
the financial crisis (BIS Quarterly Review, 2010 June) | |
| | | Based
on BIS banking statistics the paper finds that cross-border bank
lending to emerging markets declined during the financial crisis mainly
due to supply constraints of major international banks. | |
| | Cross-border bank lending to emerging market
economies (BIS Paper 54) | |
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| | Selected publications | | |
| | A Theory of
"Crying Wolf": The Economics of Money Laundering Enforecement (Journal
of Law,
Economics, and
Organization 2009 - pdf) | |
| | | Ted Truman on this paper at World Bank/International Finance Corporation Financial and Private Sector Development Forum:
"...This type of research should be at the theoretical level like Elod
Takats’ recent IMF working paper on potential misplaced incentives for
financial institutions to over report potential suspicious activities." | |
| | Promotions,
Dismissals, and
Employee Selection: Theory
and Evidence, (Journal of
Law, Economics,
and Organization 2009 - pdf) joint with A.
Frederiksen | |
| | | The research was immediately cited in the new edition of the Handbook of Labor Economics as it
showed both theoretical reasons and empirical evidence why selection on
tenure is not necessarily negative as was thought before. | |
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| | Selected IMF Working Papers | | |
| | Australian
Bank and Corporate Sector Vulnerabilities, with P.
Tumbarello,
IMF
WP 09/223 | |
| | | Quoted and discussed on
Bloomberg,
The Australia Financial Review and many other places. | |
| | Interest
Rate Liberalization in China, with T. Feyziouglu and N.
Porter,
IMF
WP 09/171 | |
| | Tax
Rate Cuts and Tax Compliance - The Laffer Curve Revisited, with T. K. Papp,
IMF
WP 08/7 | |
| | | Arthur B.
Laffer's opinion: "Your IMF Working Paper is the first time
I’ve seen a serious effort to look at the elasticity of taxable income
with respect to tax rates. This is what I had written and talked about
for some 35 years. You’re the first and the paper is superb." | |
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| | Book | | |
| | Black
Finance: The Economics of Money Laundering, with D. Masciandaro and B. Unger
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| | | All proceedings from the book sales were
donated to help students raising children. | |
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