A reevaluation of the impact of financial development on economic growth and its sources by regions [PDF]
This work estimates the impact of Private Credit to the private sector and Liquid Liabilities (as measures of financial development) on economic growth, capital growth and productivity growth for different regions.
Dabos, Marcelo, Williams, Tomas
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Fair Value Accounting: The Road to Be Most Travelled [PDF]
Fair value convention has polarized two opposing views – the first, that fair value accounting compounds economic hardship and distortion – and the second, that fair value accounting affords an accurate rendering of the market value of underlying assets ...
Elena Simonova +2 more
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The Financial Report of the Universities: maintaining academic standards? An empirical research to the size with explanation of the differences. [PDF]
This paper describes research done concerning the size, level and explanation of the financial reports of 14 Dutch universities. Based on earlier research in the USA concerning the financial report of niversities, 14 Dutch financial reports are examined.
Volmer,F.
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Economic and Financial Approaches to Valuing Pension Liabilities
SSRN Electronic Journal, 2013 AbstractFinancial economics holds that payment streams should be valued using discount rates that reflect the cash flows’ risks. In the case of pension liabilities, the appropriate discount rate for a pension fund's liabilities is the expected rate of return on a portfolio that would be held under a liability-driven investment policy.
openaire +2 more sources
Does Openness to International Financial Flows Contribute to Productivity Growth? [PDF]
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth ...
Kose, M. Ayhan +2 more
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Financial dollarization and central bank credibility [PDF]
Why do firms and banks hold foreign currency denominated liabilities? The authors argue that foreign currency debt, by altering the effect of a devaluation on output, has a disciplining effect when the Central Bank's objectives differ from the social ...
Cowan, kevin, Quy-Toan Do
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Hungary’s external liabilities in international comparison [PDF]
Hungary’s net external liabilities have increased significantly in recent years and its external liabilities-to-GDP ratio currently stands at a very high level by international standards.
Péter Koroknai
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Managing financial risks in Papua New Guinea : an optimal external debt portfolio [PDF]
This report shows that Papua New Guinea's assets and liabilities may be poorly balanced for debt servicing. Thus, it could benefit substantially from active risk management, especially through better selection of the financial instruments in its debt ...
Coleman, Jonathan R., Ying Qian
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Why do foreigners invest in the United States? [PDF]
Why are foreigners willing to invest almost $2 trillion per year in the United States? The answer affects if the existing pattern of global imbalances can persist and if the United States can continue to finance its current account deficit without a ...
Kristin J. Forbes
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International Financial Integration* [PDF]
In recent decades, foreign assets and liabilities in advanced countries have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding the size of net positions. Moreover, the portfolio equity and FDI categories have grown in
Gian Maria Milesi-Ferretti, +1 more
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