banks with low initial levels of Tier 1 capital and in banks that adopted Basel II rules early.  We find tangible common … equity and Tier 1 ratios to be better predictors of bank distress than broader measures of capital, and identify market … public recapitalisation plan and regulatory measures of capital. …

regulators try to resolve these problems. We find that liberalising bank capital flows between economies reduces total welfare by … harmonisation of capital requirements across economies, a policy reminiscent of the level playing field adopted in the 1988 Basle … capital requirement is better for the higher quality regulator. We find that imposing a level playing field among countries is …

A common theme in the theory of demand aggregation is that market demand can acquire properties which are not always …

while returns to invested capital in Sub-Saharan Africa are high compared to select Asian and South American markets …, investment rates are low.  I investigate three sources: detailed World Bank surveys of 6,500 manufacturing firms, a new panel … returns to be high throughout.  Micro-evidence and sectoral FDI data confirm that investment remains low outside the mining …

that, in case of multiple equilibria, consumers use the investment in quality as a coordination device.  We find that, in … equilibrium, platforms randomize over two disconnected intervals of investment levels, corresponding to competing for either the …

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

capital prove to be key determinants of GDP per capita growth.  However, a more controversial result is an overall negative … conditional correlation between trade openness and GDP per head growth - though openness has a positive link via investment. The …

This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa … the political factors, but these factors do explain some of the variation in investment over time. …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …