Similar Search Results

Liquidity shortfalls during the COVID-19 outbreak : assessment and policy responses

Demmou, Lilas; Franco, Guido; Calligaris, Sara; … - 2020

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

The conduct of monetary policy in the future : instrument use

Inaba, Kei-Ichiro; O'Farrell, Rory; Rawdanowicz, Łukasz; … - 2015

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

Fear the walking dead : zombie firms, spillovers and exit barriers

Gouveia, Ana Fontoura; Osterhold, Christian - 2018

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

The liquidity buffer practices of public debt managers in OECD countries

Cruz, Pedro; Koc, Fatos - 2018

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

Insolvency regimes and productivity growth : a framework for analysis

McGowan, Muge Adalet; Andrews, Dan - 2016

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency regimes, regulations affecting product, labour and...

Persistent link: https://www.econbiz.de/10011577810

Moving towards a more dynamic business sector in Spain

González Pandiella, Alberto - 2014

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

Insolvency regimes, technology diffusion and productivity growth : evidence from firms in OECD countries

McGowan, Muge Adalet; Andrews, Dan; Millot, Valentine - 2017

This paper explores the link between the design of insolvency regimes across countries and laggard firms’ multi-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to insolvency regimes that lower barriers to...

Persistent link: https://www.econbiz.de/10011823606

Breaking the shackles : zombie firms, weak banks and depressed restructuring in Europe

Andrews, Dan; Petroulakis, Filippos - 2017

This paper explores the connection between “zombie” firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the results show that zombie firms are more likely...

Persistent link: https://www.econbiz.de/10011823621

Design of insolvency regimes across countries

McGowan, Muge Adalet; Andrews, Dan - 2018

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

Enhancing dynamism in SMEs and entrepreneurship in Korea

Jones, Randall Sidney; Lee, Jae Wan - 2018

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