Similar Search Results

Land Taxes and Revenue Needs as Communities Grow and

Kerr, Suzi; Aitken, Andrew; Grimes, Arthur - EconWPA - 2004

New Zealand is unusual in that nearly 60% of local services are funded from property taxes. These are a mixture of land taxes, capital value taxes, annual rental value taxes and uniform general charges. We explore the efficiency and equity of this system at both national and local levels. We...

Persistent link: https://www.econbiz.de/10005556963

TECHNICAL ANALYSIS ON FOREIGN EXCHANGE: 1975 - 2004

Rubio, Fernando - EconWPA - 2004

The aim of this paper is to determine the potential profitability of technical analysis applied on the foreign exchange market. Eight simple rules of trading are tested in five markets. Only long positions are tracked and reported. When neither commissions nor indexation are included in the...

Persistent link: https://www.econbiz.de/10005134787

Money in Market Clearing

Gani, Mohammad - EconWPA - 2004

unemployment, undue instability, and excess debt. …

Persistent link: https://www.econbiz.de/10005076719

Argentina: Trying to Make Sense of the Financial Tango

Buchs, Thierry - EconWPA - 2005

opening, exchange rate policies, alternatives to debt financing and the role of the international financial institutions. The … 1991 and 2001, together with the lack of nationally coherent fiscal and development policies, led to a classic debt …

Persistent link: https://www.econbiz.de/10005076729

The Non-Neutrality of Debt in Investment Timing: A New NPV Rule

Sabarwal, Tarun - EconWPA - 2004

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur …'s option value, even after compensating a lender for expected default losses. This non-neutrality of debt arises from an …'s use of debt. Intuitively, limited liability lowers downside risk for the entrepreneur by truncating the lower tail of …

Persistent link: https://www.econbiz.de/10005076954

Causes and consequences of the 1982 Third World Debt Crisis

Stambuli, P. Kalonga - EconWPA - 2002

disproportionate to the debt service capacities of developing countries. The collapse of commodity prices, high interest rates and …This paper investigates underlying causes of the debt crisis that only surfaced with Mexico’s unilateral moratorium on … her foreign obligations in 1982. The paper investigates the evolutionary trend of LDC debt and the consequences for …

Persistent link: https://www.econbiz.de/10005125557

Interest, debt and capital accumulation - a Kaleckian approach

Hein, Eckhard - EconWPA - 2005

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt- capital-ratio. If the conditions for short-run ‘normal’ effects of interest rate variations are …

Persistent link: https://www.econbiz.de/10005126210

New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...

Persistent link: https://www.econbiz.de/10005408069

Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model

Hein, Eckhard - EconWPA - 2004

. Lavoie (1995) has proposed a Kaleckian ‘Minsky-Steindl-model’ of distribution and growth, incorporating the effects debt and … debt services have on short and long run capital accumulation. This attempt, however, can be extended because neither has … effects of debt and debt services are explicitly introduced, the effects of interest rate variations on the short and the long …

Persistent link: https://www.econbiz.de/10005412605

Nigeria Public Debt and Economic Growth: An Empirical Assessment of Effects on Poverty

Uzochukwu, Amakom - EconWPA - 2005

several debt and growth variables. Empirical evidence show that population, domestic debt, external debt, debt service rates …Reasonable levels of external debt that would help finance productive investment are expected to enhance economic … consequently affect poverty negatively. To investigate the effect of debt [domestic and external] and growth on poverty using the …

Persistent link: https://www.econbiz.de/10005560989