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The role of fiscal policy in inertially inflated Argentina

Arce M., Daniel G. - 1992

of the social conflict theory of inflation and creates cyclical indices of fiscal stance for developing countries …In the second essay a game-theoretic model is presented which formalizes the role of deficits in the conflict theory of … theory of inflation. Estimates are made for a hybrid of the cyclically neutral budget which reflects a macroeconomic target …

Persistent link: https://www.econbiz.de/10009477648

Monetary regimes and macroeconomic policy: An empirical analysis of the Brazilian economy

Rocha, Fabiana Fontes - 1995

The purpose of this thesis is a characterization of the monetary regime followed by the Brazilian authorities during the 80's and beginning of the 90's, and its consequences for the credibility of anti-inflationary policies, the solvency condition of the government, and the power of restrictive...

Persistent link: https://www.econbiz.de/10009477718

Essays on bankruptcy and the resolution of financial distress

Longhofer, Stanley D. - 1995

That a firm's initial equityholders often emerge from Chapter 11 bankruptcy proceedings with more value than the absolute priority rule (APR) would suggest is now a generally accepted fact. The form in which this value is distributed, however, is less well understood. In particular, why do the...

Persistent link: https://www.econbiz.de/10009477765

Three essays on savings and the term structure of lending

Vargas, Hernando - 1994

This dissertation explores two subjects. The first one is the relationship between low liquidity in secondary markets for capital and the insufficient supply of long term funding for productive investment. The first chapter shows how shallow or non-existent secondary markets for capital can...

Persistent link: https://www.econbiz.de/10009477853

Three essays on trading information

Chung, Heesoo - 1992

In this thesis, I have examined the models of dynamic competitive behavior on trading information. This information can be seen as a cost reducing manufacturing technique of output. Assume that the value of information is nonincreasing in the number of information holders. For the analysis, two...

Persistent link: https://www.econbiz.de/10009484425

Three essays in microeconomics of public enterprises under asymmetric information and uncertainty

Acharya, Arnab Kumar - 1989

In Chapter 1, we present a model describing the control of a single public enterprise in a less developed country environment, through the imposition of an allocation scheme--consisting of an output target at a particular unit cost--by a central planner. We assume information asymmetry with a...

Persistent link: https://www.econbiz.de/10009484427