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This paper examines the effect of Basel III implementation on the access to finance of small and medium-size enterprises in 32 emerging markets and developing economies. Analyzing rich, repeated cross-sectional data and a panel of matched firm-bank data in a difference-in-differences setting...
Persistent link: https://www.econbiz.de/10012167938
The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
Persistent link: https://www.econbiz.de/10013205580
Persistent link: https://www.econbiz.de/10011475647
The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the European Union. This paper develops and estimates a small open economy model with tradable and non-tradable sectors to characterise these adjustments. We demonstrate that...
Persistent link: https://www.econbiz.de/10012055479
consensus on whether this new privacy regulation is beneficial or detrimental to innovation. This study provides empirical … evidence on the impact of the GDPR on innovation activities in firms. Exploiting panel data from the German innovation survey …, a difference-in-difference analysis shows that the GDPR stimulated additional innovation activity while shifting the …
Persistent link: https://www.econbiz.de/10013411289
In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...
Persistent link: https://www.econbiz.de/10008905965
The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward bankruptcy. This paper provides a unified framework to organize the policy debate related to firm financing during the downturn, centered along four main points. First, the economic...
Persistent link: https://www.econbiz.de/10012241118
Persistent link: https://www.econbiz.de/10011569243
Start-up subsidies play an important role in supporting start-up innovation and performance. However, what …
Persistent link: https://www.econbiz.de/10014305739
Persistent link: https://www.econbiz.de/10003936894