The effects of capital requirements on risk-taking and welfare are studied in a stochastic overlapping generations model of endogenous growth with banking, limited liability, and government guarantees. Capital producers face a choice between a safe technology and a risky (but socially...

The effects of capital requirements on risk-taking and welfare are studied in a stochastic overlapping generations model of endogenous growth with banking, limited liability, and government guarantees. Capital producers face a choice between a safe technology and a risky (but socially...

This paper addresses the “aid for trade” initiative as a key source of economic growth and prosperity, so necessary in developing countries and especially, least developed ones. Based on a deductive analysis, the research purpose is to observe, as much as possible, the involvement of...

This paper provides an introductory overview of the meaning and measurement of national accounts statistics. Attention is paid to the various uses of national accounts, the role of the international guidelines, the relationship with economic theoretic and administrative concepts and the...

Quince años después de El fracaso del estatismo, el estudio de mayor impacto desarrollado en la década de 1980, FIEL sintió la obligación de encarar esta nueva investigación. A pesar de tanta experiencia acumulada en la Argentina y en el mundo acerca de que el bienestar depende en forma...