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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

How to gain the most from structural conditionality of IMF-supported programs

Andritzky, Jochen; Munkacsi, Zsuzsa; Wang, Ke - 2021

Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...

Persistent link: https://www.econbiz.de/10012613388

The macroeconomic effects of labor and product market reforms in Morocco

Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...

Persistent link: https://www.econbiz.de/10012122485

The EU services directive : gains from further liberalization

Fernández Corugedo, Emilio; Pérez Ruiz, Esther - 2014

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...

Persistent link: https://www.econbiz.de/10012667444

Employment protection deregulation and labor shares in advanced economies

Ciminelli, Gabriele; Duval, Romain; Furceri, Davide - 2018

Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly … grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …

Persistent link: https://www.econbiz.de/10011905906

Monitoring the climate impact of fiscal policy : lessons from tracking the COVID-19 response

Eltokhy, Khaled; Funke, Katja; Huang, Guohua; Kim, Yujin; … - 2021

In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the … international organizations attempted to assess the "greenness" of the fiscal policy response of the world's largest economies. This …

Persistent link: https://www.econbiz.de/10012796277

Global corporate stress tests : impact of the COVID-19 pandemic and policy responses

Tressel, Thierry; Ding, Xiaodan - 2021

Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...

Persistent link: https://www.econbiz.de/10012605125

Measurement of aggregate trade restrictions and their economic effects

Estefania-Flores, Julia; Furceri, Davide; Ahmed Hannan, … - 2022

We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is...

Persistent link: https://www.econbiz.de/10013170594

Liberalization and Financial Crisis in Uruguay (1974-1987)

Leone, Alfredo Mario - 1991

the effect of financial liberalization, and government policies in banking regulation and supervision on the crisis, as …

Persistent link: https://www.econbiz.de/10014397344

Leakages from macroprudential regulations : the case of household-specific tools and corporate credit

Bhargava, Apoorv; Górnicka, Lucyna; Xie, Peichu - 2021

Sector-specific macroprudential regulations increase the riskiness of credit to other sectors. Using firm-level data, this paper computed the measures of the riskiness of corporate credit allocation for 29 advanced and emerging economies. Consistently across these measures, the paper finds that...

Persistent link: https://www.econbiz.de/10012605059

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