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The impact of tax morale and institutional quality on the shadow economy

Schneider, Friedrich; Torgler, Benno - 2007

This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...

Persistent link: https://www.econbiz.de/10010294508

Corruption and the shadow economy: An empirical analysis

Dreher, Axel; Schneider, Friedrich G. - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

Persistent link: https://www.econbiz.de/10010294540

Shadow economy, tax morale, governance and institutional quality: A panel analysis

Schneider, Friedrich; Torgler, Benno - 2007

This paper analyses how governance or institutional quality and tax morale affect the shadow economy, using an international country panel and also within country data. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of shadow...

Persistent link: https://www.econbiz.de/10010294548

Better to give than to receive: predictive directional measurement of volatility spillovers

Diebold, Francis X.; Yilmaz, Kamil - 2010

Using a generalized vector autoregressive framework in which forecast-error variance decompositions are invariant to variable ordering, we propose measures of both total and directional volatility spillovers. We use our methods to characterize daily volatility spillovers across U.S. stock, bond,...

Persistent link: https://www.econbiz.de/10010277262

Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies

Bibow, Jörg - 2010

to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …

Persistent link: https://www.econbiz.de/10010281707

The different extent of privatisation proceeds in EU countries: A preliminary explanation using a public choice approach

Belke, Ansgar; Baumgärtner, Frank; Schneider, Friedrich G. - 2006

This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation...

Persistent link: https://www.econbiz.de/10010294505

Does ccoperation improve implementation? Central-local government relations in active labour market policy in Sweden

Lundin, Martin - 2005

Theory suggests that relations between authorities affect implementation. This article studies the link between central and local government agencies in the Swedish labour market sector. The analysis is based on new quantitative data. The results indicate that central and local government...

Persistent link: https://www.econbiz.de/10010317915

Federal, state, and local governments: Evaluating their separate roles in US growth

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - 2008

We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...

Persistent link: https://www.econbiz.de/10010336011

Systematic and liquidity risk in subprime-mortgage backed securities

Dungey, Mardi; Dwyer, Gerald P.; Flavin, Thomas - 2011

The misevaluation of risk in securitized financial products is central to understanding the financial crisis of 2007 - 8. This paper characterizes the evolution of factors affecting collateralized debt obligations based on subprime mortgages. A key feature of subprime-mortgage backed indices is...

Persistent link: https://www.econbiz.de/10010292259

Contagion effects of the Silicon Valley Bank run

Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023

This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...

Persistent link: https://www.econbiz.de/10014540982

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