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Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular … contestability support the hypothesis that contestability in Colombia is subpar. Finally, the paper also explores some of the … Working Paper relates to the 2014 OECD Economic Survey of Colombia. (www.oecd.org/eco/surveys/economic-survey-colombia.htm) …
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We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...
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This paper describes the coverage and representativeness of Orbis, a commercial database of firm-level records across many countries. Such databases can provide key insights into global economic trends and shed light on how policies affect firms within and across countries. As a benchmark, the...
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economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking …
Persistent link: https://www.econbiz.de/10003393903
Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their stochastic policy mix lead to suboptimal allocations if banks do...
Persistent link: https://www.econbiz.de/10003393906