This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …

efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …

in Europe with a focus on these two groups, looking at contributions from cyclical and other factors, and seeking to draw …

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … Europe. We argue that cyclical and structural factors have altered the structure, cost, and composition of funding for …

countries with the advanced Europe countries. The results show strong co-movements in output growth and interest rates but … weaker linkages bewteen inflation and real credit growth within Europe. While the euro area is the dominant source of … small but notable impact of CESEE countries on the rest of the Europe. …

indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any “globalization” of the euro area crisis is likely to be channelled through …

analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …

financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …