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A cross-country database of fiscal space
Kose, M. Ayhan; Kurlat, Sergio; Ohnsorge, Franziska; … - 2017
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal...
Persistent link: https://www.econbiz.de/10012060231
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Debt and financial crises
Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012388929
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Can this time be different? Policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012388936
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The effect of the patient protection and affordable care act medicaid expansions on financial wellbeing
Hu, Luojia; Kaestner, Robert; Mazumder, Bhashkar; … - 2016
We examine the effect of the Medicaid expansions under the 2010 Patient Protection and Affordable Care Act (ACA) on consumer, financial outcomes using data from a major credit reporting agency for a large, national sample of adults. We employ the synthetic control method to compare individuals...
Persistent link: https://www.econbiz.de/10011776839
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Privatization in Austria: Some theoretical reasons and performance measures
Schneider, Friedrich; Belke, Ansgar - 2004
The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10010294495
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Bank Ownership and Performance
Micco, Alejandro; Panizza, Ugo; Yañez, Mónica - 2004
This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for 119 countries over the 1995-2002 period. The paper then uses the dataset to reassess the relationship between bank ownership and bank performance, providing separated estimations...
Persistent link: https://www.econbiz.de/10010327143
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Should the Government Be in the Banking Business? The Role of State-Owned and Development Banks
Yeyati, Eduardo Levy; Micco, Alejandro; Panizza, Ugo - 2004
This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...
Persistent link: https://www.econbiz.de/10010327147
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Recent claims of China's economic exceptionalism: Reflections inspired by WTO accession
Woo, Wing Thye - 2001
The desirability of WTO membership for China depends on whether its economic successes have been the result of its discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China''s particular economic circumstances, or have been the...
Persistent link: https://www.econbiz.de/10010318608
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Feldstein's rhetoric of private retirement accounts
Avsar, Rojhat B. - 2008
. Martin Feldstein's pro-privatization rhetoric relative to Social Security is first analyzed. A subsequent comparison his … rhetoric to that of George W. Bush concludes that both the political and the economic rhetoric of Social Security privatization …
Persistent link: https://www.econbiz.de/10010288065
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Japanese growth and stagnation: A Keynesian perspective
Nakatani, Takeshi; Skott, Peter - 2006
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
Persistent link: https://www.econbiz.de/10010287845