Showing 1 - 10 of 22,029
Persistent link: https://www.econbiz.de/10005013157
This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10005106885
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10005604978
In the 1990s the world economy was hit by a series of unusually deep crises with far-reaching consequences, the first … greatest crisis in modern history. The crises of the 1990s in Finland and Sweden were as severe as those that hit the world … during the exceptionally crisis-ridden interwar period. However, the output losses in both countries during World War I and …
Persistent link: https://www.econbiz.de/10008459195
Persistent link: https://www.econbiz.de/10005013188
The paper examines recent episodes of government involvement in corporate debt restructurings. It argues that corporate debt restructuring is an important step toward recovery from a financial crisis. We then discuss the rationale for, and modalities of, the state intervention in corporate debt...
Persistent link: https://www.econbiz.de/10008727803
This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and resolution policies for 42 crisis episodes, and...
Persistent link: https://www.econbiz.de/10005599378
a third of the developing world has been able to escape the procyclicality trap. Yet, little is known about the evidence …
Persistent link: https://www.econbiz.de/10010829327
This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure...
Persistent link: https://www.econbiz.de/10011243850
A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis response strategies that commit more fiscal resources lower the economic costs of crises? Based on evidence from a sample of 40 banking crises we find...
Persistent link: https://www.econbiz.de/10008519484