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Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of countries, and identifies key policy priorities for these...
Persistent link: https://www.econbiz.de/10012836535
Gender gaps in womens' economic opportunities-labor market and entrepreneurship-have remained high inIndia. Lack of adequate collateral limits women entrepreneurs' ability to access formal finance, leaving them torely on informal sources, constraining their growth. A small-open economy DSGE...
Persistent link: https://www.econbiz.de/10012907953
This paper examines the relationship between financial regulation and the current account in an intertemporal model of … the current account where financial regulation affects the current account through liquidity constraints. Greater … tested with an interacted panel VAR model where the coefficients are allowed to vary with the degree of financial regulation …
Persistent link: https://www.econbiz.de/10013107071
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation …
Persistent link: https://www.econbiz.de/10013107404
rigid regulation. This paper shows that these two features are related and together make the speed of adjustment of …
Persistent link: https://www.econbiz.de/10012840609
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10012782606
This paper studies the impact of product and labor market reforms when the economy facesmajor slack and a binding constraint on monetary policy easing. such as the zero lowerbound. To this end, we build a two-country model with endogenous producer entry, labormarket frictions, and nominal...
Persistent link: https://www.econbiz.de/10012944956
We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with endogenous growth, there is no reason to expect real income...
Persistent link: https://www.econbiz.de/10012867677
literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …
Persistent link: https://www.econbiz.de/10012977751
regulation is key to delivering PPPs' benefits while containing their potential fiscal risks. The authorities have taken concrete …
Persistent link: https://www.econbiz.de/10012977776