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EU Accession and Foreign Owned Firms in Bulgaria

Feliciano, Zadia M. - 2016

Bulgaria signed the Europe Association Agreement (EAA) in 1995 and the European Union accession treaty in 2005 …. Accession had the effect of increasing FDI in Bulgaria. We analyze World Bank BEEPS firm level data for 2007 to better … understand characteristics and performance of foreign firms in Bulgaria. We estimate linear probability and logit models to …

Persistent link: https://www.econbiz.de/10012456812

The Bail-In Problem : Systematic Goals, Ad Hoc Means

Eichengreen, Barry - 2000

, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …

Persistent link: https://www.econbiz.de/10012471114

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando - 2020

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10012481075

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

COVID-19 and SMEs : A 2021 "Time Bomb"?

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...

Persistent link: https://www.econbiz.de/10012482634

General Education vs. Vocational Training : Evidence from an Economy in Transition

Malamud, Ofer - 2008

This paper examines the relative benefits of general education and vocational training in Romania, a country which …

Persistent link: https://www.econbiz.de/10012464492

The Effect of Education on Mortality and Health : Evidence from a Schooling Expansion in Romania

Malamud, Ofer - 2018

This paper examines a schooling expansion in Romania which increased educational attainment for successive cohorts born …

Persistent link: https://www.econbiz.de/10012453373

Socioeconomic Status and Learning from Financial Information

Kuhnen, Camelia M. - 2015

The majority of lower socioeconomic status (SES) households do not have any stock investments, which is detrimental to wealth accumulation. Here, we examine one potential driver of this puzzling fact, namely, that SES may influence the process by which people learn from information in financial...

Persistent link: https://www.econbiz.de/10012457453

School Tracking and Access to Higher Education Among Disadvantaged Groups

Malamud, Ofer - 2011

. This paper exploits an educational reform in Romania to examine the impact of postponing tracking on the proportion of …

Persistent link: https://www.econbiz.de/10012461743

The Selection of Migrants and Returnees : Evidence from Romania and Implications

Ambrosini, J. William - 2011

and wages in Romania …

Persistent link: https://www.econbiz.de/10012461745