Search Results - subject:"Soft budget constraints"

Forbearance lending and soft budget constraints in a model of multiple heterogeneous bank financing

Schüle, Tobias - 2006

writing of their non-performing loans. Such forbearance lending may induce soft budget constraints for the debtors, as it … relationship bank affects the incidence of forbearance lending and soft budget constraints by signaling its credit decision to … lending and infuences the conditions under which debtors face soft budget constraints. …

Persistent link: https://www.econbiz.de/10010301816

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2006

There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010333869

The Impacts of "Shock Therapy" on Large and Small Clients: Experiences from Two Large Bank Failures in Japan

Fukuda, Shin-ichi; Koibuchi, Satoshi - Center for Economic Institutions, Institute of Economic … - 2006

face "soft budget constraints". We then show that the different therapies made performances of these two banks' customers …. In contrast, under the soft budget constraints, large firms did not show recovery and small firms experienced significant …

Persistent link: https://www.econbiz.de/10005045185

Size and Soft Budget Constraints

Crivelli, Ernesto; Staal, Klaas - CESifo - 2006

There is much evidence against the so-called "too big to fail" hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10005766138

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - Volkswirtschaftliche Fakultät, … - 2006

Persistent link: https://www.econbiz.de/10005739687

Fiscal Federalism in Russia: Soft Budget Constraints of Regional Governments

Sinelnikov, Sergey; Kadochnikov, Pavel; Trunin, Ilya; … - Gaidar Institute for Economic Policy - 2006

designed to prevent the emergence of soft budget constraints imposed on subnational authorities in a situation of fiscal … hypotheses concerning the existence of soft budget constraints in the regions of the Russian Federation are empirically tested. …

Persistent link: https://www.econbiz.de/10010595483

Forbearance lending and soft budget constraints in a model of multiple heterogeneous bank financing

Schüle, Tobias - Wirtschaftswissenschaftlichen Fakultät, … - 2006

Persistent link: https://www.econbiz.de/10009149245

Size and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2006

Persistent link: https://www.econbiz.de/10010365894

The Effects of Bailouts and Soft Budget Constraints on the Environment

Wood, Joel - In: Environmental & Resource Economics 54 (2013) 1, pp. 127-137

This paper investigates the effects of financial relief programs, commonly referred to as ‘bailouts’, on pollution. A partial equilibrium soft budget constraint model of the firm is developed to identify the effect of bailouts on the emission decisions of firms. The results from the model...

Persistent link: https://www.econbiz.de/10010862770

The timing of elections in federations: a disciplining device against soft budget constraints?

Kaiser, Karolina; Taugourdeau, Emmanuelle - In: Public Choice 154 (2013) 3, pp. 197-215

We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse—with synchronized elections, i.e....

Persistent link: https://www.econbiz.de/10010988062