Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10009419727
The simple answer to both questions in the title of this paper is: No. We concentrate on the three main risk elements that contributed to the banking system’s difficulties during the crisis: increasing dollarization of the balance sheet, expanding exposure to the government, and, eventually,...
Persistent link: https://www.econbiz.de/10014402987
examine whether, and if so how, pension funds influence market discipline in Argentina in the period 1998-2001. We find …
Persistent link: https://www.econbiz.de/10014397134
This paper examines the regional distribution of public employment in Italy and documents two sets of facts. The first … is the use of public employment as a subsidy from the North to the less wealthy South. We calculate that about half of … the wage bill in the South of Italy can be identified as a subsidy, with both the size of public employment and wage …
Persistent link: https://www.econbiz.de/10014400388
reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of … individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with …
Persistent link: https://www.econbiz.de/10011866490
-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …
Persistent link: https://www.econbiz.de/10011711569
Persistent link: https://www.econbiz.de/10009756777
This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of...
Persistent link: https://www.econbiz.de/10014402929
A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset...
Persistent link: https://www.econbiz.de/10014395188