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threatened Turkey and Argentina (2000 and 2001) and most recently Brazil (again). This article discusses the reform of the …
Persistent link: https://www.econbiz.de/10012469410
The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in...
Persistent link: https://www.econbiz.de/10014410343
This paper reviews progress under the Fund's strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations...
Persistent link: https://www.econbiz.de/10014410203
exploiting variation in the effects of the reform on bankruptcy risk across credit-score segments. Using a combination of … administrative records, credit reports, and proprietary market-research data, we find that the reform reduced bankruptcy filings, and …
Persistent link: https://www.econbiz.de/10012480198
study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked …
Persistent link: https://www.econbiz.de/10012480463
We study the welfare effects of disability insurance (DI) and derive social-optimality conditions for the two main DI policy parameters: (i) DI eligibility rules and (ii) DI benefits. Causal evidence from two DI reforms in Austria generate fiscal multipliers (total over mechanical cost...
Persistent link: https://www.econbiz.de/10012481455
Danish reform. We separately identify the effect of aid from that of other observed and unobserved variables such as parental … income. We exploit the combination of a kinked aid scheme and a reform of the student aid scheme to identify the effect of …
Persistent link: https://www.econbiz.de/10012464105
The system of means-tested transfers in the U.S. has evolved in important ways over the last decade, with significant expansions of Medicaid , the Earned Income Tax Credit, and the Supplemental Security Income program, and with significant contraction in Aid to Families with Dependent Children,...
Persistent link: https://www.econbiz.de/10012469985
This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which … behavior after the reform, and the volume spike in the fixing window disappeared. However, the anomalies on price dynamics … to examine the efficiency of banks' behavior after the reform. The volume pattern during the fixing time window suggests …
Persistent link: https://www.econbiz.de/10012455354
evaluate using a unique reform. In 2005, Hungary switched from a single-step UI system to a two-step system, with unchanged …
Persistent link: https://www.econbiz.de/10012456418