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The home bias and the credit crunch : a regional perspective
Presbitero, Andrea; Udell, Gregory F.; Zazzaro, Alberto - In: Journal of money, credit and banking : JMCB 46 (2014), pp. 53-85
Persistent link: https://www.econbiz.de/10010465147
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A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior
Ahokpossi, Calixte - 2014
This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The paper finds that countries under the DLP borrow significantly higher amounts of...
Persistent link: https://www.econbiz.de/10013045262
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Total public debt and growth in developing countries
Presbitero, Andrea Filippo - Money and Finance Research group (Mo.Fi.R.) - 2010
The global crisis and the expansionary government reaction in many countries has revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This...
Persistent link: https://www.econbiz.de/10008690122
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Total Public Debt and Growth in Developing Countries
Presbitero, Andrea F. - Dipartimento di Economia, Management e Metodi … - 2010
The global crisis and the expansionary government reaction in many countries has revamped the at-tention of policy makers and academics on the growth effects of large public debts. Recent empiri-cal studies investigate the impact of public debt on growth in advanced and emerging countries. This...
Persistent link: https://www.econbiz.de/10008751904
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IMF Lending in Low- and Middle-Income Countries in the Wake of the Global Crisis
Presbitero, Andrea F.; Zazzaro, Alberto - Dipartimento di Economia, Management e Metodi … - 2010
In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low- and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected...
Persistent link: https://www.econbiz.de/10008751910
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IMF Lending and Banking Crises
Luca, Luca Papi Author-Name-First; Presbitero, Andrea F.; … - Dipartimento di Economia e Finanza (DEF), Libera … - 2013
In this paper we look at the effect of International Monetary Fund (IMF) lending programs on banking crises in a large … determinants of banking crises, the IV estimates suggest that previous IMF borrowers are significantly less likely to experience a … banking crisis. We also provide evidence suggesting that compliance with conditionality matters, consistent with the …
Persistent link: https://www.econbiz.de/10010791323
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Public Debt and Economic Growth in Advanced Economies: A Survey
Panizza, Ugo; Presbitero, Andrea F. - In: Swiss Journal of Economics and Statistics (SJES) 149 (2013) II, pp. 175-204
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We find that theoretical models yield ambiguous results. Whether high levels of public debt have a negative effect on long-run growth is thus an empirical question. While many...
Persistent link: https://www.econbiz.de/10010722010
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Remittances and vulnerability in developing countries
Bettin, Giulia; Presbitero, Andrea Filippo; Spatafora, … - Money and Finance Research group (Mo.Fi.R.) - 2014
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...
Persistent link: https://www.econbiz.de/10010735583
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State Dependence in Access to Credit
Presbitero, Andrea Filippo; Zazzaro, Alberto; Pigini, … - Money and Finance Research group (Mo.Fi.R.) - 2014
We present a simple theory and an empirical test for state dependence in firm access to credit. We estimate a first-order Markov model of credit restriction with sample selection that makes it possible to estimate state dependence in the presence of feedback effects and observed and unobserved...
Persistent link: https://www.econbiz.de/10011096732
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Public Debt and Economic Growth: Is There a Causal Effect?
Panizza, Ugo; Presbitero, Andrea Filippo - Money and Finance Research group (Mo.Fi.R.) - 2012
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth in a sample of OECD countries. The results are consistent with the existing literature that has found a negative correlation between debt and growth. However, the link between...
Persistent link: https://www.econbiz.de/10010610091