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Uncertainty and the employment dynamics of small and large businesses
Ghosal, Vivek; Ye, Yang - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10010479342
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SMEs’ Access to Finance in the Euro Area : What Helps or Hampers?
Öztürk, Bahar - 2014
The monetary transmission mechanism in the euro area has been adversely affected by the recent crises. Using survey data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in bank funding costs and borrower leverage matter for...
Persistent link: https://www.econbiz.de/10014411219
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SMEs’ access to finance in the euro area : what helps or hampers?
Öztürk, Bahar; Mrkaic, Mico - 2014
Persistent link: https://www.econbiz.de/10010388731
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Structural Reforms in the Euro Area : Economic Impact and Role of Synchronization Across Markets and Countries
Everaert, Luc - 2006
Using the IMF''s Global Economic Model, calibrated to the European Union, the effects of reform in product and labor markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are sizable long-term gains in output and employment. Most...
Persistent link: https://www.econbiz.de/10014402975
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How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis
International Monetary Fund - 2009
This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...
Persistent link: https://www.econbiz.de/10014402377
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Financial Development and Growth in India : A Growing Tiger in a Cage?
Oura, Hiroko - 2008
This paper examines the efficiency of the different segments of India''s financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial...
Persistent link: https://www.econbiz.de/10014402001
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Harnessing digital technologies to promote SMEs and inclusive growth in the MENAP region
Lukonga, Inutu - 2020
effective engines of inclusive growth, a rethinking of the SME development strategy is needed that makes SMEs' digital …
Persistent link: https://www.econbiz.de/10012300586
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SME financial inclusion for sustained growth in the Middle East and Central Asia
Ghassibe, Mishel; Appendino, Maximiliano; Elsadek … - 2019
countries with higher SME financial inclusion exhibit more effective monetary policy transmission and tax collection. Second, we … higher for SMEs. We also obtain evidence of a substantial positive impact on SME employment and labor productivity growth … employment and growth gains from SME financial inclusion, which appear larger in the Middle East and Central Asia than in other …
Persistent link: https://www.econbiz.de/10012103763
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Increasing productivity growth in middle income countries
Abdychev, Aidar; Jirasavetakul, La-Bhus Fah; Jonelis, Andrew - 2015
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....
Persistent link: https://www.econbiz.de/10010479340
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Determinants of bank interest margins in the Caucasus and Central Asia
Almarzoqi, Raja; Ben Naceur, Samy - 2015
Persistent link: https://www.econbiz.de/10011281169