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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
Tax systems have become increasingly complex in recent decades. There is no such thing as a single tax. There are individual income taxes, corporate income taxes, sometimes local income taxes. There are a variety of indirect taxes, such as the value added tax (VAT), various kinds of excise...
Persistent link: https://www.econbiz.de/10014222904
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …
Persistent link: https://www.econbiz.de/10012437907
of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union … potentially faces two different and opposite effects on corruption. On the one hand, there are reasons to believe that corruption … is going to decrease because of the efforts of the EU to fight corruption or because of the opening of the markets to …
Persistent link: https://www.econbiz.de/10012199848
The destructive role of institutional quality such as corruption has been considered an important factor for economic …. This research examines the institutional role in controlling corruption within the preview of CO2 emissions-economic growth … nexus for the European Union. The study evaluates the moderating impact of corruption on the relationship between CO2 …
Persistent link: https://www.econbiz.de/10014464356
In September 1992 French voters approved the Maastrict Treaty. This paper analyzes political and economic forces that affected French voters, and the links between the progress of European integration and changes in the pattern of redistribution. A model of referendum choice is tested against a...
Persistent link: https://www.econbiz.de/10014064653
identification of a further control variable affecting stock performances: corruption. The goal of this study is an enquiry about the … connections between European industrial stock returns and a macroeconomic index of corruption in order to assess the impact of … corruption in the performances of listed European industrial companies. This paper is organized as follows: the first paragraph …
Persistent link: https://www.econbiz.de/10013134824
by countries' political, institutional and legal characteristics and particularly by the level of perceived corruption in … notwithstanding, results indicate that corruption and poor institutional quality significantly interact with economic cofactors and …
Persistent link: https://www.econbiz.de/10013000647
investments. Furthermore, far too little attention has so far been paid to how corruption relates to the performance of foreign … should fight against informal payments in bureaucracy to create corruption free environments, so that multinationals are …
Persistent link: https://www.econbiz.de/10012893502