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We study the consequences of a large-scale austerity program targeting financially-constrained municipalities in Germany. For identification, we exploit the quasi-random assignment of treatment among equally-distressed municipalities using a difference-in-differences design. The policy helped...
Persistent link: https://www.econbiz.de/10013353412
Economic literature had shown the existence of the interrelationship between the financial decisions of the firms and their competitive decisions; either by convenience or by data availability, most of empiric papers addressed separately the influence of both kinds of decisions over firm...
Persistent link: https://www.econbiz.de/10010322589
This paper develops a market-based approach to implement so called Eurobonds, i.e. common sovereign debt securities of European Monetary Union (EMU) countries. By applying an asset-backed security (ABS) approach positive implications of a common bond can be achieved and negative incentives (e.g....
Persistent link: https://www.econbiz.de/10010327770
bivariate system, broken homes, criminal records of parents and personal indebtedness turn out as highly relevant factors of …
Persistent link: https://www.econbiz.de/10010329095
wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were …
Persistent link: https://www.econbiz.de/10010332271
Das Verschuldungsverhalten der privaten Haushalte in Deutschland hat sich durch die jüngste Finanz- und Wirtschaftskrise nicht wesentlich geändert. Der Anteil von Haushalten mit Konsumenten- oder Immobilienkrediten war 2009 niedriger als während der "Dotcom-Krise" um die Jahrtausendwende, und...
Persistent link: https://www.econbiz.de/10011602356
The policy focus on excessive leverage in the euro area has raised interest in developing comprehensive analytical approaches to better understand the interrelationship between leverage and deleveraging processes across economic agents. In particular, the interplay between government debt and...
Persistent link: https://www.econbiz.de/10011606353
Research on relationship between profitability and indebtedness is an interesting scientific and professional question … the level of correlation between profitability and indebtedness, and to research the differences in the level of … indebtedness regarding company's profitability. The secondary data for the purposes of the empirical research were collected …
Persistent link: https://www.econbiz.de/10011985104
Given the high and rising household debt in Malaysia, the objective of this paper is to ascertain the characteristics of a financially vulnerable individual. Financial vulnerability is measured based on two indicators: the debt-to-income ratio and the level of emergency savings for income shock....
Persistent link: https://www.econbiz.de/10011995302
non-traditional infrastructure in the Western Balkans without dramatically increasing the countries' indebtedness is the … Investment Framework in order to curb the influence of external players in the region and reduce indebtedness; joining the euro …
Persistent link: https://www.econbiz.de/10012100234