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Operational Shift in Banking- A Global Study
Mehta, Deepshikha - 2015
The banks are known as the backbones of any economy. The banks link the saving surplus units with deficit units thereby providing investment and capital formation opportunities to both the units. In the recent times of financial shrinkages and up & down, the banking sector has witnessed various...
Persistent link: https://www.econbiz.de/10011335585
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A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria
Vasilev, Aleksandar - 2017
In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage … rigidity that results out of that arrangement ex- plains business cycle fluctuations in Bulgaria. The reciprocity mechanism … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …
Persistent link: https://www.econbiz.de/10011622575
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Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Vasilev, Aleksandar - 2017
The purpose of this note is to explore the problem of a non-convex labor supply decision in an economy with reciprocity …
Persistent link: https://www.econbiz.de/10011731453