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Chinese Aid and Democratic Values in Latin America
Freytag, Andreas; Kautz, Miriam - 2022
democracy. We also find that individuals who have a positive attitude towards China are more likely to value democracy. In …
Persistent link: https://www.econbiz.de/10014081428
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Living La Vida Loca? Remote Investing in Latin America, 1869-1929
Campbell, Gareth; Gallagher, Áine; Grossman, Richard S. - 2024
Substantial amounts of British capital flowed to Latin America during the latter part of the nineteenth and early twentieth centuries. Companies financed by this capital were typically headquartered in the UK, but operated thousands of miles away. This paper asks how this separation between...
Persistent link: https://www.econbiz.de/10015211259
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Institutions and development : the interaction between trade regime and political system
Falkinger, Josef; Grossmann, Volker - 2004
This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...
Persistent link: https://www.econbiz.de/10010261261
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Does financial integration spur economic growth? : New evidence from the first era of financial globalization
Schularick, Moritz; Steger, Thomas M. - 2006
Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...
Persistent link: https://www.econbiz.de/10010276748
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Sovereign Debt in the 21st Century: Looking Backward, Looking Forward
Mitchener, Kris James; Trebesch, Christoph - 2021
advanced economies; (ii) a bank-sovereign “doom-loop” and the propagation of sovereign risk to households and firms; (iii) roll … survey points to a growing role of sovereign-bank linkages, legal risks, domestic debt and default, and of official creditors …, due to new lenders such as China as well as the increasing dominance of central banks in global debt markets. Questions of …
Persistent link: https://www.econbiz.de/10012582022
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Sovereign Debt in the 21st Century : Looking Backward, Looking Forward
Mitchener, Kris; Trebesch, Christoph - 2021
advanced economies; (ii) a bank-sovereign “doom-loop” and the propagation of sovereign risk to households and firms; (iii) roll … survey points to a growing role of sovereign-bank linkages, legal risks, domestic debt and default, and of official creditors …, due to new lenders such as China as well as the increasing dominance of central banks in global debt markets. Questions of …
Persistent link: https://www.econbiz.de/10013237219
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Bank Regulation and Sovereign Risk : A Paradox
Afonso, António; Teixeira, André - 2023
This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation have lower primary budget balances and accumulate more...
Persistent link: https://www.econbiz.de/10014356478
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What Drives Financial Development? A Meta-Regression Analysis
Doucouliagos, Chris - 2020
This paper offers a meta-regression analysis of the literature on the drivers of financial development. Our results based on 1900 estimates suggest that institutional quality is positively correlated to both private sector credit and stock market capitalization (both as share of GDP). Domestic...
Persistent link: https://www.econbiz.de/10012830987
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The Economic Consequences of Fiscal Rules
Potrafke, Niklas - 2023
fast growing empirical literature in public economics that examines the economic consequences of fiscal rules. The survey …
Persistent link: https://www.econbiz.de/10014469668
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The 2008 financial crisis and taxation policy
Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2010
The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst....
Persistent link: https://www.econbiz.de/10010266095