Showing 1 - 10 of 213
We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these constraints separately, and in combination, on GDP and inequality. We focus on three...
Persistent link: https://www.econbiz.de/10011163128
This paper reports on the economic and financial reforms in Guinea-Bissau. After a long period of recession since the beginning of 2000 followed by a slight recovery in 2007, the economy of Guinea-Bissau has entered a new growth spurt in 2008. The budget deficit, which averaged 10 percent of GDP...
Persistent link: https://www.econbiz.de/10011245121
An influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby...
Persistent link: https://www.econbiz.de/10005825840
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10011242345
This Technical Note discusses results of stress testing of the banking sector in Poland. The Polish banking system is …
Persistent link: https://www.econbiz.de/10011244247
This Selected Issues paper considers the case of Poland to analyze global financial spillovers to emerging market (EM …
Persistent link: https://www.econbiz.de/10011244926
This paper on the Republic of Poland was prepared by a staff team of the International Monetary Fund as background … views of the government of the Republic of Poland or the Executive Board of the IMF. …
Persistent link: https://www.econbiz.de/10011245405
This paper discusses interlinkages between Poland and the euro zone using a simple and agnostic econometric approach … assumptions that allow us to identify how external factors affect the evolution of business cycles in Poland in the period 1999 …-2012. Our results suggest that developments in the euro zone can explain about 50 percent of poland’s output and interest rate …
Persistent link: https://www.econbiz.de/10010790326
studies (Latvia, Lithuania, Montenegro, Poland, and Romania). Our results of the panel data analysis indicate that supply …
Persistent link: https://www.econbiz.de/10011163123
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic …
Persistent link: https://www.econbiz.de/10011242281