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Financial crises : explanations, types, and implications
Claessens, Stijn; Kose, M. Ayhan - 2013
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper...
Persistent link: https://www.econbiz.de/10012671036
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The real effects of financial sector interventions during crises
Laeven, Luc; Valencia, Fabian - 2011
Persistent link: https://www.econbiz.de/10009487128
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The Real Effects of Financial Sector Interventions During Crises
Valencia, Fabian - 2011
We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...
Persistent link: https://www.econbiz.de/10014402209
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Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries
Marin, Dalia - 2004
This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong economic recovery afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence of a lemons credit market and high government...
Persistent link: https://www.econbiz.de/10014404142
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International Trade, Foreign Direct Investment, and Technology Spillovers
Keller, Wolfgang - 2014
This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade...
Persistent link: https://www.econbiz.de/10013070643
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Have R&D Spillovers Changed?
Lucking, Brian - 2019
This paper revisits the results of Bloom, Schankerman, and Van Reenen (2013) examining the impact of R&D on the performance of US firms, especially through spillovers. We extend their analysis to include an additional 15 years of data through 2015, and update the measures of firms' interactions...
Persistent link: https://www.econbiz.de/10012899262
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Of Time and Space : Technological Spillovers Among Patents and Unpatented Innovations During Early U.S. Industrialization
Khan, B. Zorina - 2014
estimation is over panel datasets of patent grants, and unpatented innovations that were submitted for prizes at the annual … hypothesis of spatial autocorrelation in patenting and in the exhibited innovations. In keeping with the contract theory of … were patented, indicating the prevalence of geographical spillovers. By contrast, prize innovations were much less likely …
Persistent link: https://www.econbiz.de/10013040530
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International Joint Ventures and Internal vs. External Technology Transfer : Evidence from China
Jiang, Kun - 2018
We study the economics of international joint ventures with administrative data for China exploiting the change in foreign direct investment policy as China entered the WTO in the year 2002. Accounting for a quarter of all international joint ventures worldwide, we first show that foreign...
Persistent link: https://www.econbiz.de/10012922982
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Can international technological diffusion substitute for coordinated global policies to mitigate climate change?
Barrett, Philip - 2021
-run temperature increases are limited to 3 degrees. This occurs because policy not only encourages green innovations but also … dissuades dirty innovations which would otherwise spread. The most effective policy package in emissions-reducing regions is a …
Persistent link: https://www.econbiz.de/10012610702
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International R&D Spillovers : A Re-Examination
Lichtenberg, Frank R.; van Pottelsberghe de la … - 2021
Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...
Persistent link: https://www.econbiz.de/10013221859