Showing 1 - 10 of 171
This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects of the countries of central and eastern Europe, the Caucasus and Central Asia, which began an economic transition about two decades ago. We use cross-country growth regressions,...
Persistent link: https://www.econbiz.de/10008907983
Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups … examine microfinance interest rates and their determinants in order to understand how these rates might be lowered. Using high … profit-making MFIs charging lower interest rates. We also find that interest rate caps reduce the outreach of these …
Persistent link: https://www.econbiz.de/10011294486
We exploit novel data collected within a randomised controlled trial of a sanitation microcredit intervention to study how intra-household gender differences in perceptions of costs and benefits of sanitation impact investment decisions. We show that – as long as the wife is involved in...
Persistent link: https://www.econbiz.de/10012801992
We exploit novel data collected within a randomized controlled trial of a sanitation microcredit intervention to study how intra-household gender differences in perceptions of costs and benefits of sanitation impact investment decisions. We show that — as long as the wife is involved in...
Persistent link: https://www.econbiz.de/10014371964
In this article we focus on a representative firm that can decide when to invest under default risk. On the one hand, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to study the effects of tax depreciation allowances in a...
Persistent link: https://www.econbiz.de/10011451578
Persistent link: https://www.econbiz.de/10011292357
In this article we introduce model to describe the behavior of a multinational company (MNC) that operates transfer pricing and debt shifting, with the purpose of incrementing its value, intended as the sum of equity and debt. We compute, in a stochastic environment and under default risk, the...
Persistent link: https://www.econbiz.de/10012306718
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012006573
Persistent link: https://www.econbiz.de/10011942146