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Empirical research on sovereign debt and default

Tomz, Michael; Wright, Mark L. J. - 2012

The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the...

Persistent link: https://www.econbiz.de/10010292163

Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, Larry Randall - 2015

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …

Persistent link: https://www.econbiz.de/10011545297

Post-Keynesian macroeconomics since the mid-1990s: Main developments

Hein, Eckhard - 2016

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

Persistent link: https://www.econbiz.de/10011565324

Policy volatility and growth

Chong, Alberto; Gradstein, Mark - 2006

A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...

Persistent link: https://www.econbiz.de/10010278247

Nonlinearities and the Determinants of Inequality: New Panel Evidence

Gravina, Antonio Francesco; Lanzafame, Matteo - 2020

Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...

Persistent link: https://www.econbiz.de/10012419723

Terrorism Financing, Recruitment and Attacks: Evidence from a Natural Experiment

Limodio, Nicola - 2019

finance and the attacks by organisations exposed to this transfer. The effect of financing on attacks increases in recruitment …

Persistent link: https://www.econbiz.de/10013342559

Does too much finance harm economic growth?

Singh, Nirvikar; Law, Siong Hook - 2013

This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic … there is a threshold effect in the finance-growth relationship. In particular, we find that the level of financial … development is beneficial to growth only up to a certain threshold; beyond the threshold level further development of finance …

Persistent link: https://www.econbiz.de/10010369492

Government financing in an endogenous growth model with financial market restrictions

Espinosa-Vega, Marco A.; Yip, Chong K. - 2000

government finance is growth-reducing but deflationary. From a welfare perspective, the least distortionary way of financing an …

Persistent link: https://www.econbiz.de/10010397468

A public finance analysis of multiple reserve requirements

Espinosa-Vega, Marco; Russell, Steven - 1999

This paper analyzes multiple reserve requirements of the type that have been imposed by a number of developing countries. We show that previous theoretical work on this topic has not succeeded in providing a social welfare rationale for the existence of multiple reserve requirements. We go on to...

Persistent link: https://www.econbiz.de/10010397490

A public finance analysis of multiple reserve requirements

Espinosa-Vega, Marco; Russell, Steven - 1998

Persistent link: https://www.econbiz.de/10010397493