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The paper briefly describes three interrelated developments in global capital markets: the sustained rise in gross capital flows relative to net flows; the increasing importance of securitised forms of capital flows; and the growing concentration of financial institutions and financial markets....
Persistent link: https://www.econbiz.de/10009451534
This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...
Persistent link: https://www.econbiz.de/10009477629
a survey of 297 new small enterprises in Romania containing detailed information from the startup date through 2001. We …
Persistent link: https://www.econbiz.de/10009477143
Using firm-level data from Bulgaria and Romania, this paper addresses a lacuna in the transition literature, namely … net job creation at the firm level was affected by privatization in Bulgaria, privatization in Romania did not have any …, resources moved from less productive firms to more productive firms in almost all industries, but that in Romania such a …
Persistent link: https://www.econbiz.de/10009477145
technical paper develops a general equilibrium model applied to Romania (GEMAR) with an emphasis on the agricultural and food … incorporating Romania's agricultural and food sectors into EU/CAP structures. The model is static with constant returns to scale and …, the literature assessing separately the economic effects of CAP enlargement for Romania is extremely sparse. In addition …
Persistent link: https://www.econbiz.de/10009446649
Joining the European Union club implies, among many other policy changes, full integration of Romania's economy into EU …
Persistent link: https://www.econbiz.de/10009446650
Join the European Union club implies, among many other policy changes, full integration of Romania's expected to have …
Persistent link: https://www.econbiz.de/10009446658
companies' buying and selling activities. In a practical implementation in Romania, those transaction costs directly related to …
Persistent link: https://www.econbiz.de/10009450929
This thesis discusses the transformation into market economies of countries from Central and Eastern Europe formerly … policy of the European Union on the transformation of systems and the integration of Romania will be demonstrated. From a … comprehensive description of the process of the transformation and integration of Romania, conclusions as to how these processes can …
Persistent link: https://www.econbiz.de/10009451146
Rumänien ist seit 2007 Mitglied der Europäischen Union. 2004 hat die EU-Kommission die rumänische Volkswirtschaft als funktionierende Marktwirtschaft eingestuft. Trotzdem existieren hohe wirtschaftliche Unterschiede zwischen Rumänien und den restlichen EU-Staaten. Das Land ist relativ groß...
Persistent link: https://www.econbiz.de/10009459129