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Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
("misfortunes") or imperfect decisions ("mistakes"). Bank records from Iceland show borrowers are especially illiquid just before …
Persistent link: https://www.econbiz.de/10012480273
We explore whether the 2008 economic collapse in Iceland and subsequent economic crisis affected the probability of …
Persistent link: https://www.econbiz.de/10012480952
In the early stages of the COVID-19 pandemic, international testing efforts tended to target individuals whose symptoms and/or jobs placed them at a high presumed risk of infection. Testing regimes of this sort potentially result in a high proportion of cases going undetected. Quantifying this...
Persistent link: https://www.econbiz.de/10012481383
We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with respect to family background. Similar to previous studies, we find sizeable...
Persistent link: https://www.econbiz.de/10012466488
We use detailed data for Iceland to examine two often-neglected aspects of the "exchange rate pass-through" problem … price indexes in Iceland for 2003-2019, a period that includes Iceland's banking and currency crisis of 2008. We find that … the pass-through declined around the time Iceland reformed its "flexible inflation targeting," and that the coefficients …
Persistent link: https://www.econbiz.de/10012496073
Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...
Persistent link: https://www.econbiz.de/10012457545
This study uses individual-level longitudinal data from Iceland, a country that experienced a severe economic crisis in …
Persistent link: https://www.econbiz.de/10012457716
This study exploits the October 2008 economic crisis in Iceland to identify the effects of a macroeconomic downturn on …
Persistent link: https://www.econbiz.de/10012460427
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of 1991 on economic performance. We do not find persuasive the contention of many analysts that growth accelerated after the mid-1980s when reforms were initiated. Nor does...
Persistent link: https://www.econbiz.de/10012459638