and the 2010-2012 European sovereign crisis. This effect is attenuated for banks with lower credit risk, sounder capital …

study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …

government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An … that explores the effects of these policies on domestic and foreign production to disentangle the potential spill-overs. …

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …

In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …

decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …

international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …