Showing 1 - 9 of 9
of the financial crisis. Yet, the institutional features that affect banks’ ability to adjust costs and in particular … personnel expenses, which comprise a significant part of banks’ non-interest cost structure, have not been adequately studied …
Persistent link: https://www.econbiz.de/10010855049
author has made the comparison between the performance of the banking sector in Yugoslavia, Romania, Greece and Bulgaria. The … countries in the years 1928 and 1929 which represent the peak of the activity and performance of banks in region. In the … was considered on the different way. One of the common features of the banks in region is certainly the prevailing role of …
Persistent link: https://www.econbiz.de/10005129449
We find evidence that banks target return on equity (RoE) and make active use of leverage to affect the speed of … adjustment towards RoE targets. That holds for both the pre- and post-2007 periods and especially for banks that tend to operate … cyclical fluctuations as banks take on more leverage to achieve high returns when risk premia are low, while ‘rush for the exit …
Persistent link: https://www.econbiz.de/10011099333
years in Greece. Based on this finding we show that the budgetary sensitivity of indirect taxes following a 1% change in …
Persistent link: https://www.econbiz.de/10010855036
and creative economy, to map its various components and aspects and to provide a quantitative view of how Greece fares in … this new sector of activity. It goes on to outline the specific features of the sector of culture and creativity in Greece …
Persistent link: https://www.econbiz.de/10010855041
This paper examines the relationship between VAT revenue and economic activity in Greece by estimating the relationship …
Persistent link: https://www.econbiz.de/10010855051
This paper presents the theoretical foundations and dynamic properties of a dynamic stochastic general equilibrium (DSGE) model designed for quantitative policy analysis and counterfactual exercises. The approach of the paper can be summarized as follows. First, we present the model’s...
Persistent link: https://www.econbiz.de/10010812396
household, not individual, expenditure on health care in Greece, a country where out-of-pocket health expenditure is higher than …
Persistent link: https://www.econbiz.de/10005523492
The influx of shipping receipts from the world's leading fleet has been critical for the development of the modern Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate,...
Persistent link: https://www.econbiz.de/10010696480