Showing 1 - 10 of 116
debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010266625
Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …
Persistent link: https://www.econbiz.de/10010318857
buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … first proposition because, if it were, that would mean that a particular good is buying goods.(3) Default on debt is …
Persistent link: https://www.econbiz.de/10010286493
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10010287774
, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging …. Finally, the relationship between growth and short-term debt is nil before the crisis, and negative during the crisis. …
Persistent link: https://www.econbiz.de/10010288124
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10010288139
In spite of deep structural reforms, Central American countries have failed to experience rapid and stable growth in recent years. This paper explores whether and to what extent we can consider lack of innovation and technology adoption as a main reason for this disappointing experience. The...
Persistent link: https://www.econbiz.de/10010327046
This study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments` inability or unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public finances due to large domestic debts and...
Persistent link: https://www.econbiz.de/10010327135
Conditional transfer programs are becoming a common approach to influence household decisions. The evidence to date is that these programs are good at promoting certain outcomes such as school attendance, but that other outcomes such as reducing child labor are more difficult to achieve. This...
Persistent link: https://www.econbiz.de/10010327165
This paper examines the microeconomic interventions used to complement Washington Consensus reforms in Latin America. It maintains that the kind of interventions currently in vogue in most countries lack a sound theoretical and empirical foundation or are applied in a manner likely to prove...
Persistent link: https://www.econbiz.de/10010327195