determinants of FDI as market size, wage differences, high developed infrastructure and natural resources remain relevant, FDI …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

could miss its appropriate settings by as much as 4% p.a. Also, shocks to banking productivity or collateral effectiveness …

provide collateral or a guarantor. …

the recent lender based theory of collateral (Inderst and Mueller (2007)). We find that, for the average borrower, the use … grants a loan and the location of the borrower) on the use of collateral for business loans by Spanish banks on the basis of … of collateral is higher for loans granted by local lenders than by distant ones. We also show that the difference in the …

collateral is one of the defining characteristics of loan contracts. This paper investigates if relationship lending and market … concentration allow for informational rent extraction through collateral. We use equity IPO data as informational shocks that erode … rentseeking opportunities. Using a new loan-level database for China, we find that collateral incidence increases with …

literatura empírica sobre el proceso reformatorio en China ; By allowing large classes of movable assets to be used as collateral …

funding. We rationalize this finding in a theoretical model in which costs of asset encumbrance increase collateral haircuts … have higher rates of overcollateralisation and rely less on secured debt. Consistent with theory, the effects are stronger …