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Export characteristics and output volatility: comparative firm-level evidence for CEE countries
Čede, Urška; Chiriacescu, Bogdan; Harasztosi, Péter; … - 2016
The literature shows that openness to trade improves long-term growth but also that it may increase exposure to high output volatility. In this vein, our paper investigates whether exporting and export diversification at the firm level have an effect on the output volatility of firms. We use...
Persistent link: https://www.econbiz.de/10011605947
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Export Characteristics and Output Volatility : Comparative Firm-Level Evidence for CEE Countries
Čede, Urška - 2016
The literature shows that openness to trade improves long-term growth but also that it may increase exposure to high output volatility. In this vein, our paper investigates whether exporting and export diversification at the firm level have an effect on the output volatility of firms. We use...
Persistent link: https://www.econbiz.de/10012992414
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Money and payments: a modern perspective
Holthausen, Cornelia; Monnet, Cyril - 2003
The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...
Persistent link: https://www.econbiz.de/10011604291
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The dynamics of non-performing loans during banking crises: A new database
Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2020
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012422057
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The Dynamics of Non-Performing Loans During Banking Crises : A New Database
Ari, Anil - 2020
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems—elevated and unresolved...
Persistent link: https://www.econbiz.de/10012836382
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Has emerging Asia decoupled? An analysis of production and trade linkages using the Asian international input-output table
Pula, Gabor; Peltonen, Tuomas A. - 2009
linkages. According to the results, we do not find evidence of the decoupling of emerging Asia from the rest of the world. On …
Persistent link: https://www.econbiz.de/10011605039
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The economic costs of supply chain decoupling
Attinasi, Maria-Grazia; Boeckelmann, Lukas; Meunier, … - 2023
the global economic costs of a decoupling of global supply chains along geopolitical lines as well as in strategic sectors … across factors of production and input goods. We find that, in terms of welfare losses, the costs of decoupling are roughly …-intensive manufacturing sectors. Global supply chain decoupling entails also a reallocation of labour across skill levels. Finally, global …
Persistent link: https://www.econbiz.de/10014374783
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Reforming public expenditure in industrialised countries: are there trade-offs?
Schuknecht, Ludger; Tanzi, Vito - 2005
In this paper, we show that, contrary to common beliefs, over the past two decades several countries were able to reduce public spending by remarkable amounts. These countries did not seem to have suffered from these large reductions either in a macroeconomic sense, or in terms of lower values...
Persistent link: https://www.econbiz.de/10011604481
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Expenditure reform in industrialised countries: a case study approach
Hauptmeier, Sebastian; Heipertz, Martin; Schuknecht, Ludger - 2006
This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...
Persistent link: https://www.econbiz.de/10011604680