Showing 1 - 10 of 21
We address the pitfalls of averaging by exploiting the longitudinal variation in aid to identify sudden and sharp … increases in aid flows. Focusing on specific events, we test if aid accelerations correspond to policies and shocks in the … changes and wars are significant predictors of aid accelerations. Disaggregating aid flows by donors, we find indicative …
Persistent link: https://www.econbiz.de/10009220614
Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to …
Persistent link: https://www.econbiz.de/10009277155
adopted European homelands. Thirdly, the economic discrimination against Muslims in Europe needs to be redressed. Finally, aid …
Persistent link: https://www.econbiz.de/10005071055
We address the pitfalls of averaging by exploiting the longitudinal variation in aid to identify sudden and sharp … increases in aid flows. Focusing on specific events, we test if aid accelerations correspond to policies and shocks in the … changes and wars are significant predictors of aid accelerations. Disaggregating aid flows by donors, we find indicative …
Persistent link: https://www.econbiz.de/10009147483
Russia's foreign debt problems worsened substantially after the financial crisis of 1998. The paper focuses on the key role of the government in servicing foreign debt and promoting institution building by showing how foreign debt influences the choice between official and unofficial taxation....
Persistent link: https://www.econbiz.de/10004963622
We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not find evidence that Hungarian FX borrowers are better educated, wealthier or more risk-loving than their peers. In fact, FX borrowing is a common phenomenon driven mostly by...
Persistent link: https://www.econbiz.de/10010661282
The paper analyses the global spillovers of the Federal Reserve's unconventional monetary policy measures. First, we find that Fed measures in the early phase of the crisis (QE1), but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets in the US...
Persistent link: https://www.econbiz.de/10010662984
The Greek government budget situation plays a central role in the debt crisis in the euro area. The debt to GDP ratio is above 150 percent, while the deficit to GDP ratio exceeds 10 percent. To re-establish the Maastricht criteria, respectively, strong consolidation measures need to be...
Persistent link: https://www.econbiz.de/10009195631
We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not find evidence that Hungarian FX borrowers are better educated, wealthier or more risk-loving than their peers. In fact, FX borrowing is a common phenomenon driven mostly by...
Persistent link: https://www.econbiz.de/10011128104
This paper studies the bank-sovereign link in a dynamic stochastic general equilibrium set-up with strategic default on public debt. Heterogeneous banks give rise to an interbank market where government bonds are used as collateral. A default penalty arises from a breakdown of interbank...
Persistent link: https://www.econbiz.de/10011128859