Showing 1 - 10 of 2,113
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
The government's ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews … discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …
Persistent link: https://www.econbiz.de/10012604784
Government intervention to correct market failures is often accompanied by government failures and corruption. This is … no more evident than in social sectors that are characterized by significant market failures and government intervention …. However, the impact of corruption on the public provision of social services has not been analyzed. This paper reviews the …
Persistent link: https://www.econbiz.de/10014399897
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such … the period 1985–98. The association between military spending and corruption is ascertained by using panel regression … techniques. The results suggest that corruption is indeed associated with higher military spending as a share of both GDP and …
Persistent link: https://www.econbiz.de/10014399916
economic literature by assuming that (i) the relationship between the government and its population is regulated through an … corruption reflects a very stable equilibrium, which in turn reflects the fact that several constraints are simultaneously …
Persistent link: https://www.econbiz.de/10014401974
Central government wage expenditures accounted for 7 percent of GDP in 99 countries during 1980-90 (unweighted average … countries, and small low-income economies tend to have lower central government wage expenditures as a percent of GDP. Access to … foreign financing is not; the public and publicly guaranteed foreign financing is often provided for government capital …
Persistent link: https://www.econbiz.de/10014398730
Persistent link: https://www.econbiz.de/10013169885
The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while...
Persistent link: https://www.econbiz.de/10012251364
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain...
Persistent link: https://www.econbiz.de/10011705009
The performance of macroeconomic indicators of capital mobility is examined in the context of an intertemporal equilibrium model of a small open economy. Recursive numerical solution methods are used to compute measures of consumption smoothing, savings-investment correlation, and the...
Persistent link: https://www.econbiz.de/10014397965