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The Costs of Favoritism : Is Politically-Driven Aid Less Effective?

Dreher, Axel - 2010

World Bank projects and generally find that projects that are potentially politically motivated – such as those granted to … governments holding a non-permanent seat on the United Nations Security Council or an Executive Directorship at the World Bank … Council members with higher short-term debt, however, a negative quality rating is more likely. So we find evidence that World …

Persistent link: https://www.econbiz.de/10013146478

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10013325040

Debt Portfolios

Hintermaier, Thomas - 2011

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...

Persistent link: https://www.econbiz.de/10013126139

Displacement and Debt : The Role of Debt in Returning to Work in the Period Following the Great Recession

Bednarzik, Robert - 2017

The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...

Persistent link: https://www.econbiz.de/10012956016

Making Work Pay for the Indebted : The Effect of Debt Services on the Exit Rates of Unemployed Individuals

Koning, Pierre - 2014

This paper investigates the effectiveness of an intervention that was targeted at a specific group of Dutch Social Assistance (SA) recipients with debt problems. With a large share of the income gains of work resumption were transferred to the creditors, these individuals experienced a strong a...

Persistent link: https://www.econbiz.de/10013061048

Till Debt Do Us Part : Strategic Divorces and a Test of Moral Hazard

Kim, Yeorim; Mastrogiacomo, Mauro; Hochguertel, Stefan; … - 2022

We test whether households that face prospective home equity losses during a house price downturn use divorce to shed debt. We study the Dutch context, where qualifying homeowners can buy into a mortgage guarantee scheme that insures the lender against borrower default and transfers the risk to...

Persistent link: https://www.econbiz.de/10013403720

The Spread of Anti-Trafficking Policies : Evidence from a New Index

Cho, Seo-Young - 2011

We analyze the spread of policies dealing with international trafficking in human beings. Arguing that countries are unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion mechanisms for spatial dependence in anti-trafficking...

Persistent link: https://www.econbiz.de/10013128229

Business Conditions and Default Risks Across Countries

Pflüger, Michael - 2011

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...

Persistent link: https://www.econbiz.de/10013128748

Emigration and Democracy

Docquier, Frédéric - 2011

Migration is an important and yet neglected determinant of institutions. The paper documents the channels through which emigration affects home country institutions and considers dynamic-panel regressions for a large sample of developing countries. We find that emigration and human capital both...

Persistent link: https://www.econbiz.de/10013129925

Which Institutions Encourage Entrepreneurs to Create Larger Firms?

Estrin, Saul - 2011

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...

Persistent link: https://www.econbiz.de/10013129940

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