Showing 1 - 10 of 92
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...
Persistent link: https://www.econbiz.de/10010930170
Improving access to capital through credit and public spendings is an important step toward development and poverty … shows that deforestation is positively correlated to access to credit and public spendings, which gives some evidence that … natural capital is a complement to credit and public spendings. …
Persistent link: https://www.econbiz.de/10010899772
In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives.In section 1, we discuss the widespread...
Persistent link: https://www.econbiz.de/10008788989
crédit est plafonné par la législation. En parallèle, la croissance de la microfinance dans le monde a montré que les … techniques innovatrices peuvent augmenter la disponibilité de crédit, sans augmenter indûment le risque. Néanmoins, cette … croissance de l'accès au crédit peut ne pas se concrétiser si les taux de crédit restent plafonnés par des lois régissant l …
Persistent link: https://www.econbiz.de/10008791616
real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and … credit. The results are economically and statistically significant, and robust. …
Persistent link: https://www.econbiz.de/10008792016
adequacy constraint and the provisioning system, amplify credit fluctuations. Our finding is consistent with the bank capital … channel hypothesis, which means that poorly capitalized banks are constrained to expand credit. We also find that loan loss … provisions (LLP) made in order to cover identified credit losses (non discretionary LLP) amplify credit fluctuations. Indeed, non …
Persistent link: https://www.econbiz.de/10010750761
We investigate whether excess control rights of ultimate owners in pyramids affect banks' adjustment to their target capital ratio. When ultimate control rights and cash-flow rights are identical, banks increase their capital ratio by issuing equity and by reshuffling their assets without...
Persistent link: https://www.econbiz.de/10010821256
towards China's decentralization of environment policy implementation as well as its fiscal arrangements. …
Persistent link: https://www.econbiz.de/10009651572
Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the … determinants of FDI into China and Vietnam by employing an augmented gravity model and using a panel dataset containing information …
Persistent link: https://www.econbiz.de/10009651580
R&D and innovation have become much more strategic than ever before for the growth of China as well as for its global … perspective explaining the legacy of the past in today's choices. In the second part, we illustrate China's catching up strategy …
Persistent link: https://www.econbiz.de/10009654257