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Banks perform similar functions all over the world. Nevertheless, the banking systems around the world are very different. This paper analyses how the difference affects local firms as well as small and medium-sized enterprises. For my project, I combine banking and economic data of five EU...
Persistent link: https://www.econbiz.de/10013251199
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and … revolution by creating a system of patronage and loyalty through corrupt bureaucracy. Competitive corruption patterns are … associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at …
Persistent link: https://www.econbiz.de/10012782606
corruption. Adverse interactions between politics, business and law enforcement generate obstacles for the rule of law and remain …
Persistent link: https://www.econbiz.de/10011392847
financing increases with freedom from corruption, rule of law, quality of regulations, and decreases with court disputes. We …
Persistent link: https://www.econbiz.de/10010478609
Whilst a lot has been said about how to fight corruption at tender stage in public procurement, post-tender corruption … relationship between the quality of a country's institutions, in particular its monitoring technologies and corruption, and the …
Persistent link: https://www.econbiz.de/10013068016
knows the social cost of a lower grade good. We show that corruption is always detrimental to welfare when governance is …
Persistent link: https://www.econbiz.de/10014173744
provision in-house and privatizing the facility and then outsourcing the production. In particular, we focus on corruption in …
Persistent link: https://www.econbiz.de/10014212364
The eurozone sovereign debt crisis, characterized by enormous debt burdens faced by its weakest economies, has also induced a parallel credit crunch and illiquidity concerns for European banks. Bank holdings of sovereign debt issued by peripheral eurozone countries have dropped in value and are...
Persistent link: https://www.econbiz.de/10013117156
The eurozone, composed of 17 countries which have adopted the euro as their currency, has been struggling with an apparently-intractable crisis over the enormous debts faced by its weakest economies and by countries impacted by the bursting of the housing boom in the past global recession of...
Persistent link: https://www.econbiz.de/10013117947
How may professionals be made to contribute to legislative processes so that their expertise redounds to the public interest, despite the legislative product being likely to have a negative impact on their clients' wealth? Drawing on a case study of the legislative process which gave birth to...
Persistent link: https://www.econbiz.de/10012974850