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economy, and presents an overview of economic benefits of deregulation, labor market liberalization, and enterprise reform …
Persistent link: https://www.econbiz.de/10011245717
deregulation, we find that exogenous increases in geographic diversity reduce BHC valuations. These findings are consistent with …
Persistent link: https://www.econbiz.de/10009654142
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and...
Persistent link: https://www.econbiz.de/10005769003
This paper assesses Romania’s Third Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criterion. Romania’s macroeconomic performance continued to be favorable, but slippages in wage policy and privatization delayed the completion of the third review....
Persistent link: https://www.econbiz.de/10005591732
Romania's macroeconomic performance remains broadly in line with the program, but the recent strengthening of domestic demand and nonobservance of four performance criteria require corrective measures. Discussions on policies for 2003 took place in the context of increasing risks stemming from...
Persistent link: https://www.econbiz.de/10005252787
This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …
Persistent link: https://www.econbiz.de/10005826046
Persistent link: https://www.econbiz.de/10005826708
This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a … employment protection between regular and non-regular workers would substantially reduce labor market duality in Japan. One …
Persistent link: https://www.econbiz.de/10011242174
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10011242214
Global investment patterns mean that effective taxation of foreign investors is of increasing importance to the economies of lower income countries. It is thus of considerable concern that the historical framework for cross-border income tax arrangements is not always well suited to allow...
Persistent link: https://www.econbiz.de/10011242225