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countries have opened too quickly to foreign competitors. Importantly, TO without financial openness is unlikely to contribute …
Persistent link: https://www.econbiz.de/10009352645
This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...
Persistent link: https://www.econbiz.de/10009352630
After the collapse of communism, it was acknowledged that mass privatization was a priority for Eastern Europe. This paper examines why it was necessary to accelerate the process, and the various methods that were used. It focuses on the Czech system of voucher-based privatization. In the Czech...
Persistent link: https://www.econbiz.de/10005258017
We investigate the association between banks' credit expansion and loan loss reserves on a panel of banks from 11 new … in banks' risk aversion being associated with a supply shift. As the existence of loan commitments may lead to … overlending, we expect that banks with a higher share of unused committed credit lines are more prone to subsequent increase in …
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Financial institutions play a fundamental role in determining the sustainability of economies, both in developed and developing countries. However, the worldwide financial crises made many financial institutions lost their credibility and CSR engagement has been perceived as a remedy. The aim of...
Persistent link: https://www.econbiz.de/10011815089
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