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Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010266651
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Foundations of high impact entrepreneurship
Ács, Zoltán J. - 2008
; those focusing on finance will be cross classified with G24 Investment Banking, venture capital, brokerage and rating …
Persistent link: https://www.econbiz.de/10010271790
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The Global Financial Crisis: Analysis and Policy Implications
Nanto, Dick K. - 2009
The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to...
Persistent link: https://www.econbiz.de/10009482932
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Fiscal and Monetary Institutions in Central, Eastern and South-Eastern European Countries
Darvas, Zsolt; Kostyleva, Valentina - 2011
This paper studies the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in central, eastern and south-eastern European countries (CESEE) in comparison with other OECD countries. CESEE countries tend to grow faster and have more volatile output than...
Persistent link: https://www.econbiz.de/10010124059
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Exchange Rate Policy and Economic Growth after the Financial Crisis in Central and Eastern Europe
Darvas, Zsolt - 2011
In a paper on the effects of the global financial crisis in Central and Eastern Europe (CEE), the author reacts to a paper of Åslund (2011) published in the same issue of Eurasian Geography and Economics on the influence of exchange rate policies on the region’s recovery. The author argues...
Persistent link: https://www.econbiz.de/10010124061
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Debt Restructuring in the Euro Area: a Necessary but Manageable Evil?
Darvas, Zsolt - 2011
There are two possible responses to the Greek debt crisis: ‘Plan A’, continued official lending, for as long as needed, with possible voluntary private sector involvement, and ‘Plan B’, coercive preemptive or post-default restructuring with significant face value reduction in...
Persistent link: https://www.econbiz.de/10010124062
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A Tale of Three Countries: Recovery after Banking Crises
Darvas, Zsolt - 2011
Highlights: • Iceland, Ireland and Latvia experienced similar developments before the crisis, such as sharp increases in banks’ balance sheets and the expansion of the construction sector. However the impact of the crisis was different: Latvia was hit harder than any other country in the...
Persistent link: https://www.econbiz.de/10010124064
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Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
Darvas, Zsolt; Rose, Andrew K.; Szapáry, György - 2005
Using a panel of 21 OECD countries and 40 years of annual data, we find that countries with similar government budget positions tend to have business cycles that fluctuate more closely. That is, fiscal convergence (in the form of persistently similar ratios of government surplus/deficit to GDP)...
Persistent link: https://www.econbiz.de/10010124312
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A comprehensive approach to the euro-area debt crisis
Darvas, Zsolt; Piasni-Ferry, Jean; Sapir, André - 2011
The euro area‘s sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis...
Persistent link: https://www.econbiz.de/10010124321
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The threat of "currency wars": A European perspective
Darvas, Zsolt; Piasni-Ferry, Jean - 2010
The ‘currency war’, as it has become known, has three aspects: 1) the inflexible pegs of undervalued currencies; 2) recent attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which...
Persistent link: https://www.econbiz.de/10010124322