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across banks caused by common shocks. An application to Ecuador suggests that substantial heterogeneity is present and that …
Persistent link: https://www.econbiz.de/10011716293
, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are …
Persistent link: https://www.econbiz.de/10014399674
Six Latin American countries have levied taxes on withdrawals from bank accounts, which have been viewed as a convenient tax handle during a difficult fiscal period. The paper reviews the arguments for and against this type of taxation, describes the taxes, and surveys their revenue performance...
Persistent link: https://www.econbiz.de/10014399983
This paper stresses three factors that amplified the 1990s financial crisis in Ecuador, namely institutional weaknesses …
Persistent link: https://www.econbiz.de/10014404127
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
Persistent link: https://www.econbiz.de/10009572356
Persistent link: https://www.econbiz.de/10009572374
Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not …, this paper analyzes the reasons for the slowdown and discusses how India can boost corporate investment, using both macro … investment but that they do not appear to account fully for recent weak performance, suggesting a key role of the bu …
Persistent link: https://www.econbiz.de/10009572430
Persistent link: https://www.econbiz.de/10009424700