Similar Search Results

Future fiscal and debt policies: Germany in the Context of the European Monetary Union

Hein, Eckhard; Truger, Achim - 2013

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as …

Persistent link: https://www.econbiz.de/10010314658

Finance-dominated capitalism in Germany: Deep recession and quick recovery

Detzer, Daniel; Hein, Eckhard - 2014

Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar … the development of Germany during the financial and economic crisis and the causes for the quick recovery in light of the …

Persistent link: https://www.econbiz.de/10010397740

Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany

Hein, Eckhard; Detzer, Daniel - 2014

and economic crises for Germany, one of the major mercantilist export-led economies. The analysis builds on a Kaleckian …, we show that Germany saw considerable re-distribution of income starting in early 1980s, which accelerated in the early … existence of each of these channels in Germany since the mid-1990s, when several institutional changes provided the conditions …

Persistent link: https://www.econbiz.de/10010420350

Financialisation and the financial and economic crises: The case of Germany

Detzer, Daniel; Hein, Eckhard - 2014

This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy … financial and economic crisis and examines the causes of the quick recovery in Germany. …

Persistent link: https://www.econbiz.de/10010427810

Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective

Hein, Eckhard; Truger, Achim - 2013

and/or investment and savings behavior in Germany. …

Persistent link: https://www.econbiz.de/10010513067

Loyal Lenders or Fickle Financiers: Foreign Banks in Latin America

Galindo, Arturo; Micco, Alejandro; Powell, Andrew - 2005

We suggest that foreign banks may represent a trade-off for their developing country hosts. A portfolio model is developed to show that a more diversified international bank may be one of lower, overall risk and less susceptible to funding shocks but may react more to shocks that affect expected...

Persistent link: https://www.econbiz.de/10010327056

Creditor Protection and Credit Volatility

Galindo, Arturo; Micco, Alejandro - 2005

This paper studies the relationship between creditor protection and credit volatility. During the negative phase of the business cycle, credit contracts more in countries with poor creditor protection. For similar shocks to business conditions, credit is more volatile in countries where...

Persistent link: https://www.econbiz.de/10010327078

Better the Devil that You Know: Evidence on Entry Costs Faced by Foreign Banks

Galindo, Arturo; Micco, Alejandro; Serra, César Manuel - 2003

Institutional and legal differences between countries increase entry costs and reduce the ability of banks to expand abroad. We use bilateral foreign banking data for 176 countries to estimate a gravity model in which bilateral cross-border banking activity is explained, in addition to standard...

Persistent link: https://www.econbiz.de/10010327105

Structure and Development of Financial Institutions and Links with Trust: Cross-Country Evidence

Galindo, Arturo; Chong, Alberto; Calderón, César - 2001

is a cross section of 48 countries and the analysis covers the period 1980-1994. We use a new World Bank data set that …

Persistent link: https://www.econbiz.de/10010327144

Do State-Owned Banks Promote Growth? Cross-Country Evidence for Manufacturing Industries

Galindo, Arturo; Micco, Alejandro - 2003

This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a significant role in the development of industries that rely more on external finance and/or that have...

Persistent link: https://www.econbiz.de/10010327162