Showing 1 - 10 of 1,481
The paper discusses some channels through which corruption affects growth such as the impact of corruption on enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public finance
Persistent link: https://www.econbiz.de/10014403515
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive impact on countries'' risk-adjusted growth opportunities, and identifies some of the channels...
Persistent link: https://www.econbiz.de/10014401637
This paper investigates the empirical relationship between competition in the financial sector and the creation of firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However, consistent with theories of banking arguing that...
Persistent link: https://www.econbiz.de/10014403643
disturbances are examined by means of numerical simulations. Secondly, the analysis explores—for Italy, Ireland, and the United …
Persistent link: https://www.econbiz.de/10014395856
particularly true for Italy, where the variability of production in manufacturing is extremely high and almost entirely due to …
Persistent link: https://www.econbiz.de/10014399929
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable—but not fully credible—governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10014400094
that anticipated fiscal contractions in Italy and lower uncertainty about the future path of fiscal policy are associated …
Persistent link: https://www.econbiz.de/10014403290
This paper discusses the relation between the financial structure and the determination of bank lending rates in Italy …. It notes that the high degree of stickiness of bank lending rates observed in Italy in the past was related to …
Persistent link: https://www.econbiz.de/10014398373
interest rate differentials and capital and reserve flows suggest that Italy’s nonaccommodating exchange rate policy has become …
Persistent link: https://www.econbiz.de/10014398633
The COVID-19 pandemic has posed a serious threat to the survival of Japanese firms, highlighting the importance of understanding how and why firms exit. In this paper, we use a rich firm-level dataset of Japanese firms to document how firm exit patterns have evolved between 2007 and 2017. Firm...
Persistent link: https://www.econbiz.de/10012302043