Do public equity markets serve a unique role that is not easily served by other forms of financing in emerging economies? We analyze this question using the collapse of India's equity market in 1997, which provides an exogenous shock to firms' ability to issue equity. We find that both public...

Nach jahrelanger Recherche auf fünf Kontinenten haben zwei junge Epidemiologen ihre haarsträubenden Ergebnisse zu einem provokanten und dringlichen Pamphlet zusammengefasst: Es beweist, dass die aktuelle Sparpolitik nicht nur ökonomisch widersinnig agiert, sondern eine nicht wieder...

Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...

Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...