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determinants of the financial sector in individual EU countries on the investment by economic entities in the given countries. The …. The paper also evaluates the interdependence between the loan amount (debt and liabilities of the financial sector) on one …. However, in the case of investment activity that is no longer. Partial integration therefore takes place within the EU, in …
Persistent link: https://www.econbiz.de/10012168676
with collateralized loans, trade in fiat money and production. Long-term nominal loans are backed by collateral, the value … collateral to face value of the loan. Default results in foreclosure, higher borrowing costs, inefficient investment and a … decrease in total output. We show that pre-crisis contractionary monetary policy interacts with Fisherian debt …
Persistent link: https://www.econbiz.de/10013033538
We introduce the concept of a financial stability real interest rate using a macroeconomic banking model with an occasionally binding financing constraint, as in Gertler and Kiyotaki (2010). The financial stability interest rate, r**, is the threshold interest rate that triggers the constraint...
Persistent link: https://www.econbiz.de/10014239222
One of the most important factors for economic growth, development and stability is the financial system. The more stable, strong and developed is the financial system in a country; the more likely is that country's economy to be solid and able to maintain long-term growth. This research will...
Persistent link: https://www.econbiz.de/10013146641
This study investigated the impact of financial sector development on domestic investment in selected Economic … investment depends on the measure of financial sector development utilized, (2) domestic credit to the private sector has a … positive but insignificant impact on domestic investment in ECOWAS while banking inter-mediation efficiency (i.e. ability of …
Persistent link: https://www.econbiz.de/10012828690
This study investigated the impact of financial sector development on domestic investment in selected Economic … investment depends on the measure of financial sector development utilised, (2) domestic credit to the private sector has a … positive but insignificant impact on domestic investment in ECOWAS while banking intermediation efficiency (i.e. ability of the …
Persistent link: https://www.econbiz.de/10012242074
This study investigated the impact of financial sector development on domestic investment in selected countries of the … sector development on domestic investment depends on the measure of financial sector development utilised; (2) Domestic … credit to the private sector has a positive but insignificant impact on domestic investment in ECOWAS, whereas banking …
Persistent link: https://www.econbiz.de/10012268940
comprehensive debt restructuring, including a successful completion of the restructuring of bonds and external commercial debt on … April 18, 2012, and agreement on a debt-land swap. …
Persistent link: https://www.econbiz.de/10011244348
This paper discusses key findings of the Fourth Review for the Central African Republic (CAR) under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). Short-term fiscal policy of the CAR attempts to stabilize demand through government spending while preserving...
Persistent link: https://www.econbiz.de/10011244356
This paper discusses key findings of the Second Review for Burundi under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). All quantitative and structural performance criteria for March 2009 were met, and structural reforms are on track. In the near term, the...
Persistent link: https://www.econbiz.de/10011244397