Showing 1 - 10 of 11
In this paper we document three credit market imperfections prevalent in middle income countries that can help to explain boom-bust cycles, as well as other macroeconomic patterns observed at higher frequencies across these countries. These imperfections are: the existence of financing...
Persistent link: https://www.econbiz.de/10011507971
There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...
Persistent link: https://www.econbiz.de/10011402501
In this paper we characterize empirically the comovements of macro variables typically observed in middle income countries, as well as the boom-bust cycle that has been observed during the last two decades. We find that many countries that have liberalized their financial markets, have witnessed...
Persistent link: https://www.econbiz.de/10011410453
Using a cross section of matched data from the employee and management questionnaires of the European Company Survey, this paper investigates the determinants of worker commitment and the potential contribution of commitment to establishment performance. An index of worker commitment is...
Persistent link: https://www.econbiz.de/10012500545
This paper brings together two factors deemed important correlates of firm performance: advanced management practices and works councils. The country sample comprises nations where workplace representation is via a works council. The Management Questionnaire of the 2013 European Company Survey...
Persistent link: https://www.econbiz.de/10012294769
This paper explores the relationship between trust and establishment performance. The outcome indicators are management's assessment of the economic or financial situation of the workplace and its relative labor productivity. Trust is initially measured using the individual survey respondent's...
Persistent link: https://www.econbiz.de/10011990021
Using subjective information provided by manager respondents on the stance taken by the works council in company decision making, this paper investigates the association between a measure of works council dissonance or disaffection and plant closings in Germany, 2006-2015. The potential effects...
Persistent link: https://www.econbiz.de/10012030687
We study China's illicit capital flow and document a change in its pattern. Specifically, we observe that China … trade frictions. Our study confirms that China's capital flight pattern and its determinants are affected by the crisis … capital flight. These results highlight the challenges of managing China's capital flight, which requires information on the …
Persistent link: https://www.econbiz.de/10011375683
We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We … observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing … these two countries, there is a remarkable reversal in the patterns of exchange rate misalignment: China’s currency has …
Persistent link: https://www.econbiz.de/10012024585
affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …
Persistent link: https://www.econbiz.de/10012234514