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Governmental learning as a determinant of economic growth
Gruševaja, Marina - 2011
Systemic economic transition is a process of determined radical institutional change, a process of building new institutions required by a market economy. Nowadays, the experience of transition countries with the implementation of new institutions could be reviewed as a method of economic...
Persistent link: https://www.econbiz.de/10009316785
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Governmental learning as a determinant of economic growth
Gruševaja, Marina - 2010
aus einer evolutionären, prozessorientierten Perspektive am Beispiel der Länder China und Russland beleuchtet. Der …
Persistent link: https://www.econbiz.de/10009127456
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Optimal Incentive Contracts When Agents Can Save, Borrow, and Default
Bizer, David S.; DeMarzo, Peter M. - 1999
The standard Principal-Agent (PA) model assumes that the principal can control the agent's consumption profile. In an intertemporal setting, however, Rogerson (1985a) shows that given the optimal PA contract, the agent has an unmet precautionary demand for savings. Thus the standard PA model is...
Persistent link: https://www.econbiz.de/10014178386
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Banking Transformation
Vanini, Paolo - 2018
Persistent link: https://www.econbiz.de/10012938556
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In the Wake of the Crisis : Dealing with Distressed Debt Across the Transition Region
De Haas, Ralph - 2012
This article reviews the origin and spread of the distressed debt problem in the transition region. We argue that while the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects home-grown vulnerabilities. As in the West, the root...
Persistent link: https://www.econbiz.de/10013115309
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Paradox of Excess Liquidity in European Emerging and Transition Economies
Kastrati, Albulene - 2022
a considerable amount of unutilized resources. In particular, banks hold excess liquidity in the face of seemingly … been working under the wrong paradigm? This study creates a new estimate of excess liquidity by taking into account banks …' overall liquidity position. Breaking down precautionary from involuntary excess liquidity, a significant presence of the …
Persistent link: https://www.econbiz.de/10013294231
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Liquidity provision in transition economy: the lessons from Russia
Dorbec, Anna - 2004
financing.Econometric model put out the existence of liquidity providing activity of Russian banks.Even though the overall … liquidity provision system suffers from certain deficiencies, we demonstrate its importance in the macroeconomic context, using … banks in their liquidity providing role. …
Persistent link: https://www.econbiz.de/10012148478
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Liquidity provision in transition economy: the lessons from Russia
Dorbec, Anna - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004
financing. Econometric model put out the existence of liquidity providing activity of Russian banks. Even though the overall … liquidity provision system suffers from certain deficiencies, we demonstrate its importance in the macroeconomic context, using … banks in their liquidity providing role. …
Persistent link: https://www.econbiz.de/10005190683
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Is it Worth Being Transparent? Evidence from the Russian Banking System
Andrievskaya, Irina - 2015
Information disclosure is considered as an important prerequisite for the efficient functioning of a financial system. Costs and benefits of information disclosure in the banking system have been extensively theoretically and empirically investigated. However, the effect of voluntary...
Persistent link: https://www.econbiz.de/10013010614
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Comparison of Default Probability Models : Russian Experience
Karminsky, Alexander - 2012
Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...
Persistent link: https://www.econbiz.de/10013100257