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Reducing the Administrative Expenditures as Source for Increasing the Efficiency of Local Governance Under Conditions of the Financial Crisis
Matei, Ani I. - 2014
towards production process concluding in the maintaining of public service production and increasing its efficiency related to … expenses reduction on public services efficiency and, based on these, to formulate conclusions on local governance efficiency …
Persistent link: https://www.econbiz.de/10013069774
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Who's coming to the rescue? : revenue-sharing slumps and implicit bailouts during the Great Recession
Foremny, Dirk; Solé-Ollé, Albert - 2016
This paper analyzes the distribution of discretionary transfers from higher tiers of government in the process of fiscal adjustment in local jurisdictions which were hit by a negative revenue shock in formula transfers. Spanish local governments experienced a 30% fall in their revenue-sharing...
Persistent link: https://www.econbiz.de/10011499738
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Who's Coming to the Rescue? Revenue-Sharing Slumps and Implicit Bailouts During the Great Recession
Foremny, Dirk - 2016
This paper analyzes the distribution of discretionary transfers from higher tiers of government in the process of fiscal adjustment in local jurisdictions which were hit by a negative revenue shock in formula transfers. Spanish local governments experienced a 30% fall in their revenue-sharing...
Persistent link: https://www.econbiz.de/10012987040
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US banks efficiency after global financial crisis : transient and persistent decomposition
Ferrara, Giancarlo; Kounetas, Konstantinos - 2021
significant supervisory and regulatory reforms affecting banks efficiency performance. We offer new insights investigating overall … that persistent efficiency seems to be more important for both specifications, as it accounts for 32\% (for the production …
Persistent link: https://www.econbiz.de/10013219779
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The Impact of Global Financial Crisis on Shareholder Value and Operational Efficiency of Banks
U-Din, Salah - 2018
Crisis (GFC) and whether operational efficiency is related to shareholder value creation in informationally efficient stock … markets. The impact of GFC on bank efficiency and shareholder value creation is assessed for 29 large banks in the USA, UK … bank efficiency and shareholder value during 2008-09. A significant relationship between profit efficiency and shareholder …
Persistent link: https://www.econbiz.de/10012913163
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Institutional adaptability in China : local developmental models under changing economic conditions
Shen, Xiaoxiao; Tsai, Kellee S. - In: World development : the multi-disciplinary … 87 (2016), pp. 107-127
Persistent link: https://www.econbiz.de/10011606747
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Can public debt stimulate public investment and economic growth in South Africa?
Ncanywa, Thobeka; Masoga, Marius Mamokgaetji - In: Cogent economics & finance 6 (2018) 1, pp. 1-13
South Africa is a developing country faced with diverse challenges like high unemployment, poverty, inequality and low economic growth. In an attempt to address these issues, government can embark on borrowing and incur public debt. Countries that run large persistent public debt signal negative...
Persistent link: https://www.econbiz.de/10012023125
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Options for China in a dollar standard world : a sovereign currency approach
Wray, L. Randall; Liu, Xinhua - 2014
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
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The role of economic, fiscal, and financial shocks in the evolution of public sector pension funding
Triest, Robert K.; Zhao, Bo - 2013 - This version: December 27, 2013
Many studies have documented the pervasive underfunding of public sector pension plans in the United States in recent years. The deterioration of the funded status of public pension plans coincided with severe fiscal crises that state and local governments experienced in the 2000s. This...
Persistent link: https://www.econbiz.de/10010348572
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Debt brakes in the German states : governments' rhetoric and actions
Potrafke, Niklas; Riem, Marina; Schinke, Christoph - 2016
In 2009 a new law on German debt brakes was passed: state governments are not allowed to run structural deficits after 2020. Consolidation strategies initiated today influence if a state can comply with the debt brake in 2020. We describe to what extent government ideology predicts if state...
Persistent link: https://www.econbiz.de/10011414651