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This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
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become widespread and have increased investment by businesses, especially in East Africa. Second, women-owned business in the … study connects the two findings by exploring whether mobile money use by women-owned firms increases their investment. The … findings indicate that the positive relationship between mobile money use and investment is largely driven by women-owned firms …
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studies the impact of an urban land titling program on firm investment. It finds that the program leads to increased … investment rate for titling firms, and the positive effect holds only for politically connected firms. The effects are likely …
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