Similar Search Results

The Cost of Government and the Misuse of Public Assets

Prakash, Tej - 2000

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

Public Sector Efficiency and Fiscal Austerity

International Monetary Fund - 1998

or may not improve economic efficiency …

Persistent link: https://www.econbiz.de/10014400822

Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency

Johnston, R. B. - 1995

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

Wholesale Payments and Financial Discipline, Efficiency, and Liquidity

Folkerts-Landau, D. F. I. - 1997

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

Pareto-improving minimum corporate taxation

Hebous, Shafik; Keen, Michael - 2021

The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which-the...

Persistent link: https://www.econbiz.de/10012796362

Search externalities in firm-to-firm trade

Spray, John - 2021

I develop a model of firm-to-firm search and matching to show that the impact of falling trade costs on firm sourcing decisions and consumer welfare depends on the relative size of search externalities in domestic and international markets. These externalities can be positive if firms share...

Persistent link: https://www.econbiz.de/10012604747

Revisiting carbon leakage

Misch, Florian; Wingender, Philippe - 2021

This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...

Persistent link: https://www.econbiz.de/10012605494

Investor information and bank instability during the European debt crisis

Iorgova, Silvia; Ross, Chase P. - 2021

Persistent link: https://www.econbiz.de/10012487211

Optimal simple objectives for monetary policy when banks matter

Laureys, Lien; Meeks, Roland; Wanengkirtyo, Boromeus - 2020

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit, and when the objectives set for monetary policy must be simple enough to be implementable and allow for effective accountability. We show that a flexible inflation targeting...

Persistent link: https://www.econbiz.de/10012392579

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

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