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Does it matter for domestic investment whether a country’s financial system is bank based or stock-market based? This … paper posits that financial intermediation affects domestic investment notably by alleviating financing constraints …, allowing firms to increase investment in response to increased demand for output. The key result is that the structure of the …
Persistent link: https://www.econbiz.de/10009467754
ESMA provides further details on trade reporting in updated EMIR Q&AThe European Securities and Markets Authority (ESMA) has issued today updated Question & Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR). These updated Q&As clarify, among others,...
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investment behaviour, consumption behaviour and government expenditures, investigating to what extent changes are related to … financialization. Households experience higher debt levels. Rising profits of businesses come with only moderate investment. The notion …
Persistent link: https://www.econbiz.de/10009468084
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This study examines the financial structure and profitability of various categories of Greek hotels for the 2005-2007 period, three years following the 2004 Olympics in Athens and just before the 2008 economic crisis in Greece. The research sample consisted of 146 private two, three, four and...
Persistent link: https://www.econbiz.de/10009467740
This paper studies the relation between firm's financing choices and financial globalization. Using an East Asian and Latin American firm-level panel for the 1980s and 1990s, we study how leverage ratios, debt maturity structure, and sources of financing change when economies are liberalized and...
Persistent link: https://www.econbiz.de/10009477460
Governments in developing economies often resort to taxing bank money balances through imposition of high reserve requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research reported in this paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10009441674
Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio of monetary or financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest...
Persistent link: https://www.econbiz.de/10009441682