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Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries
Crivelli, Ernesto - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly ‘no' for privatization considered in isolation. However, privatization and subnational fiscal …
Persistent link: https://www.econbiz.de/10013102260
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What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador
Saca, Nolvia N. - 2006
Family remittances are important for El Salvador's economy. This paper analyzes the impact of remittances on El Salvador's economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables. The...
Persistent link: https://www.econbiz.de/10012779101
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Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?
Santos, Andre Oliveira - 2019
This paper analyzes the capital structure of private asset managers in which theacquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles(CoCos) placed with investors. The paper develops a model based on NPL transferprices and residual recovery rates to assess capital...
Persistent link: https://www.econbiz.de/10012868458
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Tackling Private Over-Indebtedness in Asia : Economic and Legal Aspects
Nadeem, Sanaa; Riad, Nagwa; Rosha, Anjum; DeLong, Chanda; … - 2021
One consequence of interest rates remaining 'too low for too long' since the Global Financial Crisis is the buildup in private leverage in emerging economies. These vulnerabilities have been laid bare by the COVID-19 shock. This paper employs the growth at risk framework (Adrian, Boyarchenko,...
Persistent link: https://www.econbiz.de/10013315119
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State-Owned Banks, Stability, Privatization, and Growth Practical Policy Decisions in a World Without Empirical Proof
Andrews, A. Michael - 2021
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … provide guidance to policymakers regarding bank privatization …
Persistent link: https://www.econbiz.de/10013318096
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From Global Savings Glut to Financing Infrastructure : The Advent of Investment Platforms
Arezki, Rabah - 2016
This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called 'infrastructure investment platforms' are an attempt to tap into the pool of both public and private long-term...
Persistent link: https://www.econbiz.de/10012996096
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India's State-Owned Enterprises
Agarwal, Ruchir; Arbatli, Elif C.; Fisher, Lesley; Han, … - 2022
India’s recently announced privatization strategy can facilitate a change in the composition of the public sector … description of the SOE sector in India, consider different criteria which can inform the scope and rationale for privatization. It … also highlights takeaways from international experience with privatization, highlights the importance of improved …
Persistent link: https://www.econbiz.de/10013492000
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Limits to Private Climate Change Mitigation
Elmalt, Dalya; Igan, Deniz; Kirti, Divya - 2022
As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG...
Persistent link: https://www.econbiz.de/10013305661
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Private Saving Accelerations
Ebeke, Christian - 2015
Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries' ability to generate sufficient domestic resources to finance investment. This paper examines how countries have managed to achieve protracted increases in the private...
Persistent link: https://www.econbiz.de/10013028684
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Canada's Potential Growth : Another Victim of the Crisis
Estevão, Marcello M. - 2011
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...
Persistent link: https://www.econbiz.de/10013134722