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This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public … could be used for several purposes including increasing public sector efficiency …
Persistent link: https://www.econbiz.de/10014400238
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector … reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate … representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that …
Persistent link: https://www.econbiz.de/10014395836
Properly designed wholesale payments system can make a significant contribution to enhancing market discipline in the financial sector, reducing the risk of systemic disturbance and permitting a less extensive safety net for financial institutions. The objective of these reforms has been to...
Persistent link: https://www.econbiz.de/10014403300
between two organizational designs: a traditional hierarchy where she retains authority over the choice of projects to be …
Persistent link: https://www.econbiz.de/10014401277
This paper examines interactions between self-interested agents in a two-tier government hierarchy, consisting of a …
Persistent link: https://www.econbiz.de/10014399923
Corporate debt in emerging markets has risen significantly in recent years amid accommodative global financial conditions. This paper studies the relationship of leverage growth in emerging market (EM) firms to U.S. monetary conditions, and more broadly, to global financial conditions. We find...
Persistent link: https://www.econbiz.de/10011716311
We identify different sources of risk as important determinants of banks'' corporate structures when expanding into new markets. Subsidiary-based corporate structures benefit from greater protection against economic risk because of affiliate-level limited liability, but are more exposed to the...
Persistent link: https://www.econbiz.de/10014404312
Persistent link: https://www.econbiz.de/10009487110
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the …
Persistent link: https://www.econbiz.de/10010233893