Similar Search Results

Shadow Economies Around the World : Size, Causes, and Consequences

Schneider, Friedrich - 2000

This paper presents estimates of the size of the shadow economy in 76 developing, transition, and OECD countries, which … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the … extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …

Persistent link: https://www.econbiz.de/10014399609

Foreign banks : trends, impact and financial stability

Claessens, Stijn; Horen, Neeltje van - 2012

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...

Persistent link: https://www.econbiz.de/10009424698

How do business and financial cycles interact?

Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - 2011

Persistent link: https://www.econbiz.de/10009486294

Additions to market indices and the comovement of stock returns around the world

Claessens, Stijn; Yāfe, Yišay - 2011

Persistent link: https://www.econbiz.de/10009487130

The use and effectiveness of macroprudential policies : new evidence

Cerutti, Eugenio M.; Claessens, Stijn; Laeven, Luc - 2015

Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while...