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Die Eurozone hat sich langsamer von der Finanzkrise erholt als die USA. Dies gilt insbesondere für die …
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While the African Continental Free Trade Area (AfCFTA) provides opportunities for regional financial sector development, it also poses a real test for the continent’s financial system. The ability of Africa’s financial sector to perform the crucial function of facilitating economic growth...
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The aim of this paper is to find which of two theories of capital structure - trade-off theory or pecking order theory - best explains the capital structure decision of non-state firms during the post-transition process in Viet Nam. We also investigate the effect of human capital, institutional...
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This paper builds a directed search model with asymmetric information and argues that small firms hold liquid assets not only to self-finance investment but also to show their investment quality to obtain better loan terms. Because self-finance is an outside option of borrowing, it affects bank...
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statistical terms, each resident living in Germany was therefore issued with around 30 banknotes of this denomination. Up until … that are held for transaction purposes both in Germany and outside the euro area. The estimation of the volume of €20 … used for transaction purposes within Germany. The remaining 81% has either migrated abroad, been hoarded or got lost. The …
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