Showing 1 - 10 of 366
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
Using data for a sample of developing and transition countries, this paper estimates the relationship between government spending on health care and education, and social indicators. Unlike previous studies, where social indicators are used as proxies for the unobservable health and education...
Persistent link: https://www.econbiz.de/10014399239
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …
Persistent link: https://www.econbiz.de/10014401318
This paper studies recent developments in tourism in the East Caribbean countries (ECC) and reviews government policies … to support tourism. The paper also presents a model to explain the movements of tourist arrivals to the region during …
Persistent link: https://www.econbiz.de/10014396008
This Selected Issues paper examines macroeconomic challenges for a highly tourism-based economy such as Cape Verde. The …
Persistent link: https://www.econbiz.de/10014406817
fiscal and structural policies. The paper looks at trends and how developments in the tourism industry have contributed to …
Persistent link: https://www.econbiz.de/10014405336
This Selected Issues paper for the Netherlands highlights that Dutch cost competitiveness deteriorated significantly in …
Persistent link: https://www.econbiz.de/10014405957
The Netherlands has a long-standing legal framework concerning Anti-Money Laundering and Combating the Financing of …
Persistent link: https://www.econbiz.de/10014401005
Netherlands has criminalized money laundering (ML) fully in line with the requirements under the Vienna and Palermo Conventions …. The Netherlands has a long-standing financial intelligence unit (FIU), which is one the founding members of the Egmont …
Persistent link: https://www.econbiz.de/10014401096