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Corruption, Public Investment, and Growth
Tanzi, Vito - 1997
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …
Persistent link: https://www.econbiz.de/10014401205
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Shadow Economies Around the World : Size, Causes, and Consequences
Schneider, Friedrich - 2000
extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …
Persistent link: https://www.econbiz.de/10014399609
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Compliance with the AML/CFT [Anti-Money Laundering and Combating the Financing of Terrorism] international standard : lessons from a cross-country analysis
Verdugo Yepes, Concepcion - 2011
This paper assesses countries’ compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) international standard during the period 2004 to 2011. We find that overall compliance is low; there is an adverse impact on financial transparency created by the...
Persistent link: https://www.econbiz.de/10009424878
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Does Basel compliance matter for bank performance?
Ayadi, Rym; Ben Naceur, Samy; Casu, Barbara; Quinn, Barry - 2015
Persistent link: https://www.econbiz.de/10011281183
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The effect of containment measures on the COVID-19 pandemic
Deb, Pragyan; Furceri, Davide; Ostry, Jonathan David; … - 2020
Countries have implemented several containment measures to halt the spread of the 2019 coronavirus disease, but it remains unclear the extent to which these unprecedented measures have been successful. We examine this question using daily data on the number of coronavirus disease cases as well...
Persistent link: https://www.econbiz.de/10012300628
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Basel compliance and financial stability : evidence from Islamic banks
Bitar, Mohammad; Ben Naceur, Samy; Ayadi, Rym; Walker, … - 2017
The paper provides robust evidence that compliance with Basel Core Principles (BCPs) has a strong positive effect on the Z-score of conventional banks, albeit less pronounced on the Zscore of Islamic banks. Using a sample of banks operating in 19 developing countries, the results appear to be...
Persistent link: https://www.econbiz.de/10011705307
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Does Basel Compliance Matter for Bank Performance?
Ayadi, Rym - 2015
The global financial crisis underscored the importance of regulation and supervision to a well-functioning banking system that efficiently channels financial resources into investment. In this paper, we contribute to the ongoing policy debate by assessing whether compliance with international...
Persistent link: https://www.econbiz.de/10014412101
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Compliance with the AML/CFT International Standard : Lessons from a Cross-Country Analysis
Verdugo Yepes, Concepción - 2011
This paper assesses countries' compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) international standard during the period 2004 to 2011. We find that overall compliance is low; there is an adverse impact on financial transparency created by the...
Persistent link: https://www.econbiz.de/10014412178
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Reforming the legal and institutional framework for the enforcement of civil and commercial claims in Portugal
Pompe, Sebastiaan; Bergthaler, Wolfgang - 2015
This paper discusses the recent major reforms in the area of civil and commercial claims enforcement undertaken by the Portuguese authorities in the context of the IMF/EU-supported adjustment program. The economic literature has long recognized that slow claims enforcement affects economic...
Persistent link: https://www.econbiz.de/10011445590
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Competition among exchanges and enforcement policy
Caglio, Cecilia; Pescatori, Andrea - 2013
In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs compete for trading volume, while brokers execute transactions on behalf of the...
Persistent link: https://www.econbiz.de/10012671069