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unconstrained in both product and factor markets, finance has been widely identified as a potential constraint on entrepreneurial … activity due to either debt or equity gaps. However, in terms of externally supplied finance, it is arguably the availability … with the provision of debt finance, the nature of the relationship between bank and entrepreneur can be of considerable …
Persistent link: https://www.econbiz.de/10011310345
firm finance. Specifically, I present web pages that focus on general entrepreneurial issues and different avenues for …
Persistent link: https://www.econbiz.de/10011310360
This paper theoretically evaluates the dynamic effects of a shift in an exchange rate system from a fixed regime to a basket peg, or to a floating regime, and obtains transition paths for the shift based on a dynamic stochastic general equilibrium model of a small open economy. We apply...
Persistent link: https://www.econbiz.de/10011311015
to expand output and exploit all scale economies that the production technology allows. With access to finance problems …
Persistent link: https://www.econbiz.de/10011314142
There is mixed support for the hypothesis that the banking sector is a channel for economic growth. While most studies on economic growth in Gulf Cooperation Council (GCC) countries have not distinguished between conventional banks and Islamic banks, this study contributes to the empirical...
Persistent link: https://www.econbiz.de/10011327916
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …
Persistent link: https://www.econbiz.de/10011335945
The illiquidity of long-maturity options has made it difficult to study the term structures of option spanning portfolios. This paper proposes a new estimation and inference framework for these option-implied term structures that addresses long-maturity illiquidity. By building a sieve estimator...
Persistent link: https://www.econbiz.de/10011340958
in terminating inefficient trade flows. This constitutes a new channel through which finance improves resource allocation …
Persistent link: https://www.econbiz.de/10011345541
Besides the introduction and the final conclusions, this Discussion Paper has four sections. The first presents the "state of art", that is, the current debate about the long-term financing of the neo-corporatist state capitalism in Brazil. Then it shows the personal and corporate wealth as...
Persistent link: https://www.econbiz.de/10011372255
finance the US real estate boom. Using simple accounting rules, the article shows however that credit is never limited by … of payment - which only the US can produce - Americans give credit to themselves to finance their current account …
Persistent link: https://www.econbiz.de/10011372379