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Individual Versus Aggregate Collateral Constraints and the Overborrowing Syndrome

Uribe, Martín - 2006

This paper compares the equilibrium dynamics of an economy facing an aggregate collateral constraint on external debt to the dynamics of an economy facing a collateral constraint imposed at the level of each individual agent. The aggregate collateral constraint is intended to capture an...

Persistent link: https://www.econbiz.de/10012466408

The Impact of Price Transparency in Outpatient Provider Markets

Barnes, Kayleigh; Glied, Sherry; Handel, Benjamin R.; … - National Bureau of Economic Research - 2024

Medical provider price transparency is often touted as a way to lower health care spending. But the impact of price … transparency is theoretically ambiguous: it could lower health care spending via increased consumer price shopping or improved … a randomized-controlled trial to examine the impact of a state-wide medical charge transparency tool in outpatient …

Persistent link: https://www.econbiz.de/10014576609

Disclosure by Politicians

Djankov, Simeon - 2009

We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries. Although two thirds of the countries have some disclosure laws, less than a third make disclosures available to the public. Disclosure is more extensive in richer and more democratic...

Persistent link: https://www.econbiz.de/10012463944

The Legal Origins of Financial Development : Evidence from the Shanghai Concessions

Levine, Ross; Chen, Lin; Ma, Chicheng; Xu, Yuchen - National Bureau of Economic Research - 2021

We assemble new data on the British and French concessions in Shanghai between 1845 and 1936 to assess the legal origins view of financial development. During this period, two regime changes altered the degree to which the British common and French civil law traditions held jurisdiction over the...

Persistent link: https://www.econbiz.de/10012533343

Judicial Independence, Local Protectionism, and Economic Integration : Evidence from China

Liu, Ernest; Lu, Yi; Peng, Wenwei; Wang, Shaoda - National Bureau of Economic Research - 2022

We show that judicial independence can reduce local protectionism and foster cross-regional economic integration. We exploit a judicial independence reform in China with staggered roll-out since 2014. The reform removed local governments' control over local courts' financial and personnel...

Persistent link: https://www.econbiz.de/10013388788