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The weakness of credit growth in the United States and Europe has given rise to concerns that the financial crisis has … inappropriate bank capitalization may restrain credit growth and threaten the current recovery, especially in Germany where core … undercapitalization of banks from becoming a serious limitation to credit growth. …
Persistent link: https://www.econbiz.de/10008495218
A recent paper by Dollar and Kraay (2001) finds that higher primary educational attainment of the workforce does not increase the income of the poor except for its effect on average income. We test the robustness of their finding by using a broader measure of human capital that accounts for...
Persistent link: https://www.econbiz.de/10008520188
und als Vorbild für andere Volkswirtschaften dargestellt worden. Kam die Wirtschaftskrise in Ostasien völlig überraschend …
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article we discuss some of the "blind spots" in risk management uncovered by the financial crisis and suggest alternative …
Persistent link: https://www.econbiz.de/10008466255
Now, at the end of the 20th century, many OECD countries face serious problems in achieving both prosperity and social cohesion. One important - and sadly neglected - source of these problems are the very policy systems that are meant to address them. I will argue that these policy systems -...
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