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that leasing offers added debt capacity and increases in financially constrained firms. Firms that pay high taxes seem to … interest costs and amortization. Finally, highly concentrated Canadian firms may use less leasing because they are more family … an opportunity to validate prior results on the impact of taxes on leasing. By including two different measures of …
Persistent link: https://www.econbiz.de/10010610538
The article surveys the literature pertaining to the Basel II and concludes with the concerns germane to India in this regard
Persistent link: https://www.econbiz.de/10005015597
The new Basel accord is slated to come into effect in India around 2007 raising the question of how the revised standards will influence bank behaviour. Using a simple theoretical model, it is shown that the revised accord will result in asymmetric differences in the efficacy of monetary policy...
Persistent link: https://www.econbiz.de/10005015608
This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly data from 1996 to 2011 are used and the empirical investigation is conducted within the unit root and the cointegration framework. The results show that the relationship between...
Persistent link: https://www.econbiz.de/10010886702
The emergence of the BRICS (Brazil, Russia, India, China and South Africa) grouping and the rapid advancement of their stock market may results in the acceleration of the appreciation of their respective currencies and ultimately the loss of their trade competitiveness. Conversely, exchange rate...
Persistent link: https://www.econbiz.de/10010902549
The relationship between national income and government spending is one of the most debated topics between economists and policy makers during the last decades. The objective of this paper is to examine the Wagner’s law validity, and if it can be applied in the U.K. public spending expansion...
Persistent link: https://www.econbiz.de/10010902583
To be completed To be completed To be completed
Persistent link: https://www.econbiz.de/10010902612
This study is motivated by the China puzzle: the very impressive post-reform growth with relatively low aggregate volatility in the absence of healthy financial institutions by international standards. We argue that political economy constraints on the reform process have made China‟s...
Persistent link: https://www.econbiz.de/10010902781
The Minister of Finance, Mr. Arun Jaitley, presented the Union Budget 2014-15 to Parliament on July 10, 2014. In this …
Persistent link: https://www.econbiz.de/10010945348
Finance is generally regarded as important for economic growth, but the role of finance in economic growth is a … controversial issue in the economic literature. The concept of ?finance for growth? refocuses the relationship between finance and … economic growth by redirecting the role of government policies in finance, and recognizes how finance without frontiers is …
Persistent link: https://www.econbiz.de/10010949096