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We study how financial market efficiency affects a measure of diversification of output across industrial sectors borrowed from the portfolio allocation literature. Using data on sector-level value added for a wide cross section of countries and for various levels of disaggregation, we construct...
Persistent link: https://www.econbiz.de/10009640281
We identify the effect of financial integration on international business cycle synchronization, by utilizing a confidential database on banks’ bilateral exposure and employing a country-pair panel instrumental variables approach. Countries that become more integrated over time have less...
Persistent link: https://www.econbiz.de/10009640319
In this study we investigate the determinants of financing obstacles using survey data on a sample of around 5000 firms from the euro area countries. This completely new survey – started at the end of 2009 - gives us the opportunity to test whether firm characteristics such as size, age,...
Persistent link: https://www.econbiz.de/10009640626
This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a...
Persistent link: https://www.econbiz.de/10009640628
There is a growing realisation of the importance of strenghthening the preventive, developmental, promotive, transformative, integrative and re-integrative context of social protection in sub-saharan Africa - through ensuring that poor and vulnerable people are linked to labour market and...
Persistent link: https://www.econbiz.de/10011799532
poverty eradication made by the International Community in the UN Millennium Declaration. They include halving world poverty … levels alike – which is conducive to development and the elimination of poverty.” The developed countries had to ease market …
Persistent link: https://www.econbiz.de/10011998850
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Poverty among Roma remains one of the most pressing issues for Central and Eastern European states as they move toward … nature of Roma poverty-a multifaceted challenge that can only be addressed by a policy approach that attends to all … overnight. Indeed, poverty among Roma communities in some West European countries highlights the scope of the challenge …
Persistent link: https://www.econbiz.de/10009636922