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Towards Transparency in Finance and Governance

Vishwanath, Tara; Kaufmann, Daniel - EconWPA - 2003

The study of transparency is increasingly a more topical, broadly relevant, but also more under-researched enterprise. The Asian financial crisis has highlighted not only the welfare consequences of financial sector transparency, sparking a series of yet unresolved debates, but has also linked...

Persistent link: https://www.econbiz.de/10005561607

From Financial Liberalization to Banking Failure: Starting on the Wrong Foot?

Fischer, Klaus P.; Smaoui, Houcem - EconWPA - 1997

In this paper we attempt to identify the characteristics of banks that are most likely to be at the origin of a banking crisis following a financial liberalization (FL) process. We do this analysis in response to the observed fact that FL processes arse often followed by banking crisis that cost...

Persistent link: https://www.econbiz.de/10005134840

The Deposit Insurance in Bulgaria: Is the time for change?

Bojinov, Bojidar - EconWPA - 2003

During 1997 Bulgaria has experienced one of the most deep financial crises in CEE countries. The combination with currency crisis, widespread bank failures, hyperinflation and government crisis has a very negative affect over the whole Bulgarian economy. Parallel with the introduction of...

Persistent link: https://www.econbiz.de/10005134848

A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises

Peter, Goetz von - EconWPA - 2003

We link banking and asset prices in a simple monetary macroeconomic model. Our main innovation is to consider how wide-spread default affects the banking system. We find that the interaction of credit, asset prices, and loan losses explains a complete spectrum of outcomes, including financial...

Persistent link: https://www.econbiz.de/10005412610

Asset Prices and Banking Distress: A Macroeconomic Approach

Peter, Goetz von - EconWPA - 2004

This paper links banking with asset prices in a monetary macroeconomic model. The main innovation is to consider how falling asset prices affect the banking system through wide-spread borrower default, while deriving explicit solutions and balance sheet effects even far from the steady state. We...

Persistent link: https://www.econbiz.de/10005413177

Crescimento Econ\363mico no P\363s-guerra: os Casos de Espanha, Portugal e Irlanda

Sequeira, Tiago - EconWPA - 2002

participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …

Persistent link: https://www.econbiz.de/10005556858

The Iberian Tigers versus The Celtic Tiger: Economic Growth Paths in an Economic History Perspective

Sequeira, Tiago Neves - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005076554

The Intriguing Nexus Between Corruption and Capital Account Restrictions

Dreher, Axel; Siemers, Lars-H.R. - EconWPA - 2003

The paper develops a theoretical model showing a mutual relationship between corruption and capital account … restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel … data for 112 countries over the period 1984-2002 and find that corruption and restrictions are indeed mutually determined …

Persistent link: https://www.econbiz.de/10005556016

Corruption, the Resource Curse and Genuine Saving

Dietz, Simon; Neumayer, Eric; Soysa, Indra de - EconWPA - 2004

quality are corruption, bureaucratic quality, the rule of law and political constraints on the executive. We find that … reducing corruption has a positive impact on genuine savings that is robust across different estimation procedures. …

Persistent link: https://www.econbiz.de/10005556036

The Curse of Natural Resources in the Transition Econonmies of the Former East

Kronenberg, Tobias - EconWPA - 2003

for the curse of natural resource is corruption. Other reasons for the curse of natural resources may be Dutch disease …

Persistent link: https://www.econbiz.de/10005556711