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provides recommendations to reduce the regulatory burden in, while ensuring adequate regulation of, financial services trade …
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We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture non-traded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels...
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The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …
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Since the collapse of Long-Term Capital Management in 1998, policymakers have generally agreed that hedge funds can add to systemic risk in the U.S. economy. The Dodd-Frank Wall Street Reform and Consumer Protection Act (WSRCPA) aims in part to address this risk by granting regulators the...
Persistent link: https://www.econbiz.de/10013135375
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. This paper provides a comprehensive analysis … of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that …
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