Showing 1 - 10 of 1,620
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human...
Persistent link: https://www.econbiz.de/10014395877
The search for ways to ensure growth while accommodating necessary expenditure cuts to correct fiscal imbalances, has often led to the advocacy of the government own savings (GOS) measure as an indicator of growth potential in fiscal adjustment. This paper critically examines the rationale of...
Persistent link: https://www.econbiz.de/10014396045
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that...
Persistent link: https://www.econbiz.de/10014399171
. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator …
Persistent link: https://www.econbiz.de/10014400538
them. Although U.S. consolidated regulation and supervision span from the smallest financial groups to the largest and most … regulation and supervision, as distinct from the actual exercise. It is stressed that, of all the U.S. regulatory bodies, it is …
Persistent link: https://www.econbiz.de/10014403703
Portugal’s financial system is sound, well-managed and competitive, with shorter-term risks and vulnerabilities well contained, and with the system buttressed by a strong financial policy framework. Portuguese banks’ profitability, asset quality, and solvency have held up well in recent...
Persistent link: https://www.econbiz.de/10014404840
This paper highlights key findings of the assessment of financial sector regulation and supervision in the Cayman … development in the Cayman Islands has introduced an increasingly effective system of regulation, both formalizing earlier … practices and introducing enhanced procedures. The implementation of financial regulation and supervision complies broadly with …
Persistent link: https://www.econbiz.de/10014405041
This paper reviews Financial Sector Regulation and Supervision in The Bahamas. The assessment reveals that the overall …
Persistent link: https://www.econbiz.de/10014405558
This paper assesses the financial sector regulation and supervision in Bermuda in the context of the offshore financial … in banking, the key areas of securities regulation, and antimoney laundering and combating the financing of terrorism … (AML/CFT). Banking supervision is largely in conformity with the Basel Core Principles. The regulation of investment …
Persistent link: https://www.econbiz.de/10014405650