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in the twentieth century. It proceeds with some general" observations and with a special focus on the case of Argentina … in history informs current conditions in the relationship between" capital-scarce economies, like Argentina, and the …
Persistent link: https://www.econbiz.de/10012472511
, suggesting that precautionary savings are central to understanding the effects of cash on credit risk …
Persistent link: https://www.econbiz.de/10012461663
US data display aggregate external financing and savings waves. Firms can allocate costly external finance to … firms' financing and savings decisions, and use our model along with firm level data to construct an empirical estimate of …
Persistent link: https://www.econbiz.de/10012458149
The sectoral composition of global saving changed dramatically during the last three decades. Whereas in the early 1980s most of global investment was funded by household saving, nowadays nearly two-thirds of global investment is funded by corporate saving. This shift in the sectoral composition...
Persistent link: https://www.econbiz.de/10012455548
-constrained previously decreased their savings more (or increased their savings less) relative to unconstrained firms. However, this firm …-level effect did not lead to a decrease in aggregate corporate savings as conjectured by the theory. Our sector level regressions … show that corporate savings increased after financial reforms, and more so for sectors more dependent on external finance …
Persistent link: https://www.econbiz.de/10012456342
We document the diffusion of nebulized ibuprofen in Argentina as a treatment for COVID-19. As the pandemic spread, this …
Persistent link: https://www.econbiz.de/10014421206
-profiteering measures on food necessities during a period of high inflation in Argentina. Using barcode-level data across more than 3 …
Persistent link: https://www.econbiz.de/10014512095
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10012470189
Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...
Persistent link: https://www.econbiz.de/10012470563
We provide an analytical narrative of the political and economic causes and consequences of institutional changes in the Argentine banking system. We devote most of our attention to the privatization of the provincial banks. Our story differs from the prevailing wisdom in its stress on the key...
Persistent link: https://www.econbiz.de/10012470723