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crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of … relieve wage bills is the most effective tool to reduce liquidity shortages, followed by debt moratorium policies. Finally …
Persistent link: https://www.econbiz.de/10012421252
due to new liquidity requirements. The transition to this situation will be lengthy and will require a mixture of … liquidity draining instruments. Alternatively, they could adopt a floor system, which may benefit financial stability. The use …
Persistent link: https://www.econbiz.de/10011392833
Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation...
Persistent link: https://www.econbiz.de/10010464863
Persistent link: https://www.econbiz.de/10003706884
Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment. By benchmarking Latvia vis-à-vis the other Baltic...
Persistent link: https://www.econbiz.de/10011399642
Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
Persistent link: https://www.econbiz.de/10011975694
This paper summarises and discusses results from a survey of the liquidity buffer practices of debt managers in OECD … Turkey provide a deeper insight into liquidity buffer practices. While the level, investment, transparency and other … governance features vary, the survey results show that keeping a liquidity buffer is a common practice among debt management …
Persistent link: https://www.econbiz.de/10011976166
This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators constructed from countries’ responses to a recent OECD policy questionnaire. The indicators – which are available for 36 countries for 2010 and 2016 – aim to better capture...
Persistent link: https://www.econbiz.de/10011914641
Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies. The large-scale support for SMEs should shift from...
Persistent link: https://www.econbiz.de/10011914660
This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The results suggest: 1) Financial development likely has...
Persistent link: https://www.econbiz.de/10011700187