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A second-generation model of currency crises is combined with a standard model ofbanks as providers of insurance against liquidity risk. In a pegged exchange rateregime, after funds have been committed to the banks, news arrives about the qualityof the banks’ assets and about the exchange rate...
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This paper presents an innovative yet practical framework to assess corporate sector vulnerability and the links to exchange rates and financial crises that bridges the gap between corporate finance and macroeconomic analysis. This framework missing describing how changes in aggregate value of...
Persistent link: https://www.econbiz.de/10005670002
Across the world, governments use minimum wages, employment protection legislation, and other labor regulations that define the legal boundaries of employment to manage potential labor market imperfections. These imperfections include information asymmetry, uneven market power between employers...
Persistent link: https://www.econbiz.de/10012817515
-resilient future, helping them to be better prepared to adapt to current and future climate impacts. The People's Republic of China is … coastline. As of 2018 China contained six cities with populations over 10 million …
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evidence-based advice to China, but China was always in the driver's seat in structuring the relationship and in determining … Conference, at Dalian, then with the China 2020 and China 2030 reports, and the subsequent series of flagships produced jointly … local level through demonstration projects and reform pilots that China studied, adapted, and later scaled. Finally, an …
Persistent link: https://www.econbiz.de/10012603512
China made impressive progress in developing renewable energy to provide access to clean energy and electricity to its … pollution and mitigating the impact of climate change. Through that journey, China has accumulated a considerable amount of …
Persistent link: https://www.econbiz.de/10012603552
In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity to kick-start the development of their local capital markets while achieving other divestment...
Persistent link: https://www.econbiz.de/10012603581