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One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...
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It is well known that movements in lending rates are asymmetric; they rise quickly and sharply, but fall slowly and gradually. Not known is the fact that the asymmetry is stronger the less developed a country's financial system is. This new fact is here documented and explained in a model with an...
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, the article distinguishes between two distinct coordination mechanisms: governance by the infrastructure (achieved via the … Bitcoin protocol) and governance of the infrastructure (managed by the community of developers and other stakeholders). It …
Persistent link: https://www.econbiz.de/10012981161
This paper cites statistics published by the World Economic Forum and concludes that there is no infrastructure crisis … infrastructure, which places it firmly in the top 8 percent in terms of infrastructure development. Thus, it is not reasonable to … argue or conclude that there is an infrastructure crisis …
Persistent link: https://www.econbiz.de/10013214995
This article is the first attempt to compile comprehensive data on infrastructure finance in Europe. We decompose … infrastructure finance by institutional sector (i.e. public versus private) into its main components, which consist of traditional … sectors in financing infrastructure have evolved over time, especially during the recent economic and financial crisis. In …
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