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A hatalmi szerkezet dinamikája, a túlfűtöttség és annak térbeli megjelenése Kínában

Mária, Csanádi; Ferenc, Gyuris - 2017

We scrutinise in this paper the systemic consequences of state intervention triggered by external shocks for the dynamics of investment in the transforming Chinese economy. Our analysis focuses on the period before and after the global crisis. We interpret investment dynamics in a comparative...

Persistent link: https://www.econbiz.de/10011944915

Bank relationships: effect on the availability and marginal cost of credit for firms in Argentina

Streb, Jorge M.; Bolzico, Javier; Druck, Pablo; Henke, … - Universidad del CEMA - 2002

The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. Some...

Persistent link: https://www.econbiz.de/10005668752

Monetary Policy Amplification Effects through a Bank Capital Channel

Aguiar, Alvaro; Drumond, Inês - Money Macro and Finance Research Group - 2007

adequacy regulations and households' preferences for liquidity. Detailing a dynamic new Keynesian general equilibrium model, in … which households require a (countercyclical) liquidity premium to hold bank capital, we find that the introduction of bank … capital amplifies monetary shocks to the macroeconomy through a liquidity premium effect on the external finance premium. This …

Persistent link: https://www.econbiz.de/10004975698

Válaszút elõtt a makroökonómia?

Mellár, Tamás - Közgazdaságtudományi Kar, Pécsi Tudományegyetem - 2010

A 2008-ban kitört pénzügyi válság ráirányította a figyelmet a mainstream makroökonómiára, amely a válság elõrejelzésében és magyarázatában rossz teljesítményt nyújtott. Az újklasszikus és az újkeynesi iskola közötti konszenzus eredményeként létrejött DSGE-modellek...

Persistent link: https://www.econbiz.de/10008611432

THE FINANCING OF R&D INVESTMENTS: EFFECTS ON GROWTH AND FINANCIAL STRUCTURE

GAROFALO, Giuseppe; MORGANTI, Patrizio - In: Journal of Applied Economic Sciences 5 (2010) 2(12)/Summer2010, pp. 70-93

The financing of innovation impacts on economic growth. Whatâ€™s, among bank-based or market-based system, the best organizational form? The paper supports the view that both forms have to be merged into a unique approach (law and finance view) embracing not only the overall quality of the...

Persistent link: https://www.econbiz.de/10008643971

Assets returns volatility and investment horizon: The French case

Bec, Frédérique; Gollier, Christian - Théorie Économique, Modélisation, Application … - 2008

This paper explores French assets returns predictability within a VAR setup. Using quarterly data from 1970Q4 to 2006Q4, it turns out that bonds, equities and bills returns are actually predictable. This feature implies that the investment horizon does indeed matter in the asset allocation. The...

Persistent link: https://www.econbiz.de/10005328222

Economic Development as a Matter of Political Geography

Druck, Pablo; Streb, Jorge M. - Universidad del CEMA - 2001

We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...

Persistent link: https://www.econbiz.de/10005668472

A note on wage differentials, fixed-wages and adverse selection.

Carlier, Guillaume; Gaumont, Damien - Université Paris-Dauphine - 2002

Using a substitution property of worker’s types (productivity and time preference), we propose an explanation for both fixed-wages and wage differentials. Fixed-wages result in bunching at the optimum. Equally productive workers with different time preference accept different wages.

Persistent link: https://www.econbiz.de/10009019019

A pénzügyi piacok mikrostruktúrája: Mit veszítünk a piaci súrlódásokkal?

Havran, Dániel - 2014

This survey reviews the economic thoughts about what and why do institutional market players lose because of the existing market frictions and particular financial market microstructures compared to walrasian markets. Within a unified microeconomic framework, we introduce the most common...

Persistent link: https://www.econbiz.de/10010494600

A csődtörvény és a kapcsolódó jogszabályok

Erős, József (contributor) - 1991

Persistent link: https://www.econbiz.de/10000856549