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Regional Economic Growth and SMEs in Brazil: a Spatial Analysis (Submission for the Refereed Y-session Papers).

Cravo, Túlio - 2010

This paper examines the relationship between economic growth and the Small and Medium Enterprise (SME) sector for a panel of 503 Brazilian micro-regions for the period 1980-2004 using panel spatial econometrics. It investigates the importance of the SME sector size measured by the share of the...

Persistent link: https://www.econbiz.de/10011332414

Allocation of European structural funds and strategic interactions: is there a yardstick competition between regions in the public aid for development?

Vedrine, Lionel - 2012

This paper analyzes the relationships between the degree of decentralization of public policy and the emergence of horizontal strategic interactions. We analyze the structural funds allocation process in determining how the structure of governance of cohesion policy a ects the development of...

Persistent link: https://www.econbiz.de/10011340862

Elections and externalities of health expenditures: Spatial patterns and opportunism in the local budget allocation

Ferreira, Jorge; Alves, Alexandre; Caldeira, Emilie - 2016

In this paper, we tested the hypothesis that policy makers' choices concerning health spent at the local level are spatially correlated and electorally oriented. We check the influence of a set of demographic, electoral and economic determinants of public health activity. We performed a spatial...

Persistent link: https://www.econbiz.de/10011790096

Cost Efficiency of Domestic and Foreign Banks in Thailand: Evidence from Panel Data

Chantapong, Saovanee; Menkhoff, Lukas - 2005

The paper estimates and compares cost efficiency of domestic and foreign banks in Thailand by using bank-panel data between 1995 and 2003. It also examines the effect of foreign bank entry on banking efficiency in Thailand since the significant acquisitions by foreign banks after the 1997...

Persistent link: https://www.econbiz.de/10010295962

Convert-to-Surrender Bonds: A Proposal of How to Reduce Risk-Taking Incentives in the Banking System

Berg, Tobias; Kaserer, Christoph - 2011

We argue that contingent convertible capital (CoCo-Bonds) might have perverse risk-taking incentives for banks (asset substitution problem) and discourage them from investing in positive NPV projects and issuing new equity in times of crisis (debt overhang problem). Whenever the conversion price...

Persistent link: https://www.econbiz.de/10010305972

The Exposure of Microfinance Institutions to Financial Risk

Gietzen, Thomas - 2015

This study examines the exposure of microfinance institutions to liquidity, interest rate and foreign exchange (FX) risk. It builds on a manually collected set of data on the maturity structure of assets and liabilities of the 309 largest microfinance institutions (out of which 112 actually...

Persistent link: https://www.econbiz.de/10011301531

Are Regional Institutional Factors Determinants Of The Capital Structure Of Smes?

Palacin-Sanchez, Mariajosé; Di Pietro, Filippo - 2013

This paper analyses the role that institutional factors play in explaining differences in the capital structure of small and medium-sized enterprises (SMEs) across regions belonging to a single country. Specifically, it studies the effect of the development of the financial sector and of the...

Persistent link: https://www.econbiz.de/10011397382

Risk Sensitivity of Banks, Interbank Markets and the Effects of Liquidity Regulation

Pausch, Thilo - 2013

The industrial organization approach to banking is extended to analyze the effects of interbank market activity and … risk averse in an environment where there is no interbank market and liquidity regulation. Introducing a buoyant interbank … separating effect of interbank money markets and recreate endogenous risk aversion of banks. …

Persistent link: https://www.econbiz.de/10010329244

Market Timing, Maturity Mismatch, and Risk Management: Evidence from the Banking Industry

Ruprecht, Benedikt; Entrop, Oliver; Kick, Thomas; … - 2013

We investigate financial intermediaries interest rate risk management as the simultaneous decision of on-balance-sheet exposure and interest rate swap use. Our findings show that both decisions are substitute risk management strategies. Hausman exogeneity tests indicate that both decisions are...

Persistent link: https://www.econbiz.de/10010329270

Leverage and Risk Taking under Moral Hazard

Hott, Christian - 2013

This paper examines the impact of implicit guarantees and capital regulations on the behavior of a bank and on the expected losses for its depositors. I show that implicit guarantees increase the incentives of the bank to enhance leverage and/or risk taking and that this leads to higher expected...

Persistent link: https://www.econbiz.de/10010329473

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