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The recovery from the global crisis that erupted in 2007 shows that the decoupling between real and financial variables during the business cycle can lead to negative and long-lasting consequences for the economy. A key feature of the past global crisis in many countries is that the recovery in...
Persistent link: https://www.econbiz.de/10012917241
This paper surveys the recent literature exploring the causes of urban pollution in the developing world and the …
Persistent link: https://www.econbiz.de/10012892687
methodology to include a trade in services element to yield a universal matrix of world trade and thus provide a more complete …
Persistent link: https://www.econbiz.de/10012912344
major tool in the trade policy arsenal. The paper examines these concerns in light of important ways in which the world …
Persistent link: https://www.econbiz.de/10012974987
of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … firms' access to finance. In addition, they find that the impact of competition on access to finance depends on the … information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank …
Persistent link: https://www.econbiz.de/10012975068
A bank's interest expenses rise with its degree of internationalization, measured by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. The results in this paper suggest that an...
Persistent link: https://www.econbiz.de/10012975492
Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway...
Persistent link: https://www.econbiz.de/10012747248
scenario of extreme economic distress, using the World Bank's Enterprises Surveys. Under the assumption that firms have no …
Persistent link: https://www.econbiz.de/10012834267
Business groups, which are collections of publicly traded companies with significant amount of common ownership, dominate private sector activity in developing countries. This paper studies how information flows within these groups by analyzing the trading behavior of pension fund managers in...
Persistent link: https://www.econbiz.de/10012968762
Although market concentration is one of the main impediments to productivity growth globally, data constraints have limited its analysis to developed countries or cross-country studies based on definitions of market concentration across nations and industries. This paper takes advantage of a...
Persistent link: https://www.econbiz.de/10012837436