Results 11 to 20 of about 26,178 (237)
The European Union’s decision to introduce a financial transactions tax (FTT) in 2011–2012
The Eurozone was left reeling after the sovereign debt crisis in 2009. Huge bailouts to governments and banks to stabilise the Euro ensued and policymakers within the European Union (EU hereafter) sought to find a solution to the vulnerability of the ...
Lucinda Cadzow
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Size and soft budget constraints [PDF]
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.
Crivelli, Ernesto, Staal, Klaas
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The main goal of this policy paper is to provide an overview of the basic problems that have impact on healthcare in Croatia and tend to make it unsustainable.
Hrvoje Simovic +2 more
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ABSTRACTWe develop a model of bailout stigma in which accepting a bailout signals a firm's balance‐sheet weakness and reduces its funding prospects. To avoid stigma, high‐quality firms withdraw from subsequent financing after receiving bailouts or refuse bailouts altogether to send a favorable signal.
Yeon-Koo Che +2 more
openaire +2 more sources
This paper studies the optimal design of a liability-sharing arrangement as an infinitely repeated game. We construct a noncooperative model with an active and a passive agent. The active agent can take a costly and unobservable avoidance action to reduce the incidence of a crisis, but a crisis is costly for both agents.
Bruno Salcedo +2 more
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The Second-Generation Theory of Fiscal Federalism: A Critical Evaluation
This paper evaluates the second-generation theory (SGT) of fiscal federalism. It spells out the main arguments of the theory and discusses the fiscal architecture of Nigerian federalism with a view to using the case study to work out the strengths and ...
Ejobowah John Boye
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Competition Policy, Bailouts, and the Economic Crisis [PDF]
The aims of this paper are twofold. First, I explain the economics of bank bailouts as distinct from bailouts for other sectors of the economy.Why do all the rules of good competition policy appear to fly out of the window when the banks get into trouble?
Lyons, Bruce
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Analisis Fikih terhadap Akad Dana Talangan Haji pada Bank Syariah
Financing bailout of Hajj is loans from Islamic banks to customers to cover the shortage of funds in order to gain seats (seat) at settlement BPIH Hajj (Pilgrimage Travel Expenses). This financing product uses the principle of Qardh Wal Ijarah.
Silvi Novindri
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Competition Law and State Aid for Failing Banks in the EUand its Specific Implications for CEE Member States [PDF]
The bank bailouts following the global financial crisis of 2008 have been subject to prior approval of the European Commission (EC), the competition authority of the European Union. The EC was reluctant to reject rescue
Virág Blazsek
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Confronting the financial crisis: surveillance and regulation
The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles. The financial crisis continues to unfold, taking
Alessandro Roncaglia
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