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Decentralization and the Shadow Economy : Oates Meets Allingham-Sandmo

Buehn, Andreas; Lessmann, Christian; Markwardt, Gunther - 2021

This paper studies the impact of decentralization on the shadow economy. We argue that decentralization may decrease the size of the shadow economy mainly through two transmission channels: Decentralization enhancing public sector efficiency (efficiency effect), and decentralization reducing the...

Persistent link: https://www.econbiz.de/10013315984

The Economic Effects of Federalism and Decentralization - A Cross-Country Assessment

Voigt, Stefan; Blume, Lorenz - 2021

effects of federalism by drawing on a simple dummy variable neglect potentially important institutional details. Based on a … principal component analysis, seven aspects of both federalism and decentralization are used as variables for explaining … that institutional details do, indeed, matter. Different aspects of federalism impact on the outcome variables in different …

Persistent link: https://www.econbiz.de/10013316441

Fiscal Rules, Financial Stability and Optimal Currency Areas

De Grauwe, Paul - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...

Persistent link: https://www.econbiz.de/10013020581

Real effective exchange rate volatility and growth: A framework to measure advantages of flexibility vs. costs of volatility

Bagella, Michele; Becchetti, Leonardo; Hasan, Iftekhar - In: Journal of banking & finance 30 (2006) 4, pp. 1149-1169

Persistent link: https://www.econbiz.de/10003310239

Do Euro exchange rates follow a martingale? Some out-of-sample evidence

Yang, Jian; Xiaojing Su; Kolari, James W. - In: Journal of banking & finance 32 (2008) 5, pp. 729-740

Persistent link: https://www.econbiz.de/10003702708

Exchange rate volatility across financial crises

Coudert, Virginie; Couharde, Cécile; Mignon, Valérie - In: Journal of banking & finance 35 (2011) 11, pp. 3010-3018

Persistent link: https://www.econbiz.de/10009374634

Investment intensity of currencies and the random walk hypothesis : cross-currency evidence

Chuluun, Tuugi; Eun, Cheol S.; Kiliç, Rehim - In: Journal of banking & finance 35 (2011) 2, pp. 372-387

Persistent link: https://www.econbiz.de/10009244288

Lessons from the evolution of foreign exchange trading strategies

Neely, Christopher J.; Weller, Paul A. - In: Journal of banking & finance 37 (2013) 10, pp. 3783-3798

Persistent link: https://www.econbiz.de/10010126822

Trading volume and exchange rate volatility : evidence for the sequential arrival of information hypothesis

Mougoué, Mbodja; Aggarwal, Raj - In: Journal of banking & finance 35 (2011) 10, pp. 2690-2703

Persistent link: https://www.econbiz.de/10009273268

Forecasting foreign exchange rates using idiosyncratic volatility

Guo, Hui; Savickas, Robert - In: Journal of banking & finance 32 (2008) 7, pp. 1322-1332

Persistent link: https://www.econbiz.de/10003749216