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In the current recession, politicians grant state aid of yet unknown dimensions. But what is the most efficient measure for granting such aid‘ We use a theoretical model with firms that differ in their creditworthiness and compare different types of direct subsidies with indirectly subsidized...
Persistent link: https://www.econbiz.de/10013158814
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013068419
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013055384
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013058965
moral hazard model in which the bank's incentive to mitigate political risk is highest with a non-recourse project finance …
Persistent link: https://www.econbiz.de/10013148757
Persistent link: https://www.econbiz.de/10011696957
Should the European Union grant state aid through an institution like the European Investment bank? This paper …
Persistent link: https://www.econbiz.de/10010333955
Should the European Union grant state aid through an institution like the European Investment bank? This paper …
Persistent link: https://www.econbiz.de/10010264253
Should the European Union grant state aid through an institution like the European Investment bank? This paper …
Persistent link: https://www.econbiz.de/10010264830
In the current recession, politicians grant state aid of yet unknown dimensions. But whatis the most efficient measure for granting such aid? We use a theoretical model withfirms that differ in their creditworthiness and compare different types of direct subsidieswith indirectly subsidized...
Persistent link: https://www.econbiz.de/10010312140