Narrow search
Showing 1 - 10 of 376
Cover Image
Courts and Banks: Effects of Judicial Enforcement on Credit Markets
Bianco, Magda; Jappelli, Tullio; Pagano, Marco - C.E.P.R. Discussion Papers - 2002
The cost of enforcing contracts is a key determinant of market performance. We document this point with reference to the credit market in a model of opportunistic debtors and inefficient courts. According to the model, improvements in judicial efficiency should reduce credit rationing and...
Persistent link: https://www.econbiz.de/10005123567
Cover Image
Information Sharing, Lending and Defaults: Cross-Country Evidence
Jappelli, Tullio; Pagano, Marco - C.E.P.R. Discussion Papers - 1999
Theory predicts that information sharing among lenders attenuates adverse selection and moral hazard, and can therefore increase lending and reduce default rates. To test these predictions, we construct a new international data set on private credit bureaus and public credit registers. We find...
Persistent link: https://www.econbiz.de/10005497918
Cover Image
Do Credit Markets Discipline Sovereign Borrowers? Evidence from US States
Bayoumi, Tamim; Goldstein, Morris; Woglom, Geoffrey - C.E.P.R. Discussion Papers - 1995
The degree to which credit markets discipline sovereign borrowers is investigated by estimating the supply curve for debt faced by US states. The results generally support an optimistic view of the market discipline hypothesis, with credit markets providing incentives for sovereign borrowers to...
Persistent link: https://www.econbiz.de/10005498146
Cover Image
What do Russians think about transition?
Denisova, Irina; Eller, Markus; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2009
We use data from the 2006 round of the Russian Longitudinal Monitoring Survey (RLMS) to describe perceptions of the Russian population about the transition process and the role of the state compared to that of free markets. We find that about one half of Russian population is disappointed with...
Persistent link: https://www.econbiz.de/10008506841
Cover Image
Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003
Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation that bear … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from …
Persistent link: https://www.econbiz.de/10005123720
Cover Image
Are Russian Commercial Courts Biased? Evidence from a Natural Bankruptcy Experiment
Lambert-Mogiliansky, Ariane; Sonin, Konstantin; … - C.E.P.R. Discussion Papers - 2006
We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in …
Persistent link: https://www.econbiz.de/10005123934
Cover Image
Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia
Richter, Kaspar - C.E.P.R. Discussion Papers - 2000
of changes in government cash benefits on poverty rates in Russia during 1994 to 1998. The methodological contribution is …
Persistent link: https://www.econbiz.de/10005124403
Cover Image
After Voucher Privatization: The Structure of Corporate Ownership in Russian Manufacturing Industry
Earle, John S; Estrin, Saul - C.E.P.R. Discussion Papers - 1997
This paper analyses the ownership structure emerging from the Russian privatization process, using information from a sample survey of 439 state and privately-owned manufacturing companies conducted in July 1994, just after the voucher programme was completed. The Russian ownership structure...
Persistent link: https://www.econbiz.de/10005136416
Cover Image
The Credit Squeeze During Russia's Early Transition: A Bank-Based View
Schoors, Koen - C.E.P.R. Discussion Papers - 1999
Russia's early transition is characterised by one of the most dramatic credit expansions and inflation experiences in … recent history. As a consequence, Russia has been involved in a protracted inflation stabilisation effort. This paper … transmission might have caused a credit crunch in Russia. To analyse Russia's monetary stance from the point of view of the lending …
Persistent link: https://www.econbiz.de/10005136506
Cover Image
The Distributional Consequences of Russia's Transition
Doyle, Christopher - C.E.P.R. Discussion Papers - 1993
This paper considers the distributional consequences of the reform programme in Russia. Although a small fraction of …
Persistent link: https://www.econbiz.de/10005498039