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Procurement law is rising in importance year after year. According to the European Commission, public procurement now … accounts for over 14% of the EU's gross domestic product. Also at the ECB, spending through procurement is growing, and the … evolution of its procurement law from non- binding internal guidelines to a transparent and comprehensive legal framework is a …
Persistent link: https://www.econbiz.de/10012026205
Traditional infrastructure regulation—the law of regulated industries—rests atop three pillars: rate regulation, entry … distinctive function of banks. Bank regulation can therefore be understood as a subfield of infrastructure regulation. With few …
Persistent link: https://www.econbiz.de/10012900661
The very low interest rates and inflation rates of recent years has generated renewed interest in alternative policies that would not leave central banks trapped by the zero lower bound on nominal interest rates. Amongst this debate, surprisingly little attention has been paid to the possibility...
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We study the impacts of the 2009 monetary stimulus and its interaction with infrastructure spending on credit … (SOEs) over non-SOEs in credit access. Infrastructure investment driven by nonmonetary factors, however, enhanced the … monetary transmission to bank credit allocated to local government financing vehicles in infrastructure and at the same time …
Persistent link: https://www.econbiz.de/10012265180
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Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011635504