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can refrain from lending into arrears is always repaid and adds value. The analysis suggests that IFIs and market lenders … states. This suggests such lenders should not differentiate lending interest rates according to risk and should not … participate in the restructuring of commercial debt. …
Persistent link: https://www.econbiz.de/10012586734
of fixed effects. MDB lending significantly increases the inflows from other sources. Cross-border and domestic resources …
Persistent link: https://www.econbiz.de/10014497279
During the pandemic, public debt in Latin America and the Caribbean rose to more than 70 percent of GDP, and countries … are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest … rate were the most frequent main drivers, while higher growth, fiscal consolidation and debt restructuring were relatively …
Persistent link: https://www.econbiz.de/10014540585
these companies use external financing sources like debt and equity capital to finance their activities. However, in general … literature. In this context, the access to debt capital and even more often the access to Venture Capital is analysed. Research … that bank loans and overdrafts are the most widespread debt financing methods for SMEs, but that alternative sources like …
Persistent link: https://www.econbiz.de/10011862387
Persistent link: https://www.econbiz.de/10014420291
A multilateral currency union removes the intraregional exchange rates but not the union rate variability with the rest of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure the variability. The measured variables are used to model...
Persistent link: https://www.econbiz.de/10003740327
The paper analyses productivity spillovers from foreign MNEs on domestic manufacturing firms. Using a database on foreign MNEs in Italy, our results reveal that local firms do benefit from the presence of foreign MNEs, and the effect is higher when local and foreign firms in manufacturing...
Persistent link: https://www.econbiz.de/10008808086
The literature has identified that countries with higher levels of openness tend to present a larger government sector as a way to reduce the risks to the economy that openness entails. This paper argues that there are a number of policies that can mitigate trade-induced risks, many of which do...
Persistent link: https://www.econbiz.de/10011286644
This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the...
Persistent link: https://www.econbiz.de/10010247138
This document summarizes the thrust of my monograph book Disasters and the Networked Economy (2003, NY: Routledge. 228 pp. ISBN: 978-0-415-66629-9). It is no substitution for the book, but it attempts to make salient the main concepts, explanations and conclusions of it. It does so by first...
Persistent link: https://www.econbiz.de/10010339723