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1 - 10 van 123 voor financial systems
CEP2009 uitgebreide samenvatting pdf
... , verkeerde risico-inschattingen van gesecuritiseerde producten door 12 g. rajan en l. zingales, financial systems, industrial structure and growth, oxford review of economic policy, vol. 17, no. 4, 2001 ... risicovolle banken. 19 m. hellwig, systemic risk in the financial sector an analysis of the subprime-mortgage financial crisis,max planck institute for research on collective goods preprint, ...
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Microsoft Word - discussion36.doc
... may expect positive liberalisation results for business services, communication and postal services, financial services, transport and environmental services. environmental services still represents as small fraction ... , accuracy and reliability of accountancy reports are essential for the functioning of financial systems; hence, it is a source of positive externalities. the market failure is ...
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memo221.pdf
... savings on the one hand and poor regulation and supervision on banking systems which failed to keep pace with financial innovation, on the other. this combination of macro and microeconomic factors ... getting financing for profitable investments profit from this.14 12 g. rajan and l. zingales, financial systems, industrial structure and growth, oxford review of economic policy, vol. 17, no. 4, 2001; ...
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Microsoft Word - Memorandum AFC.doc
... the asian financial crisis as an example of a financial panic in which the self-fulfilling pessimism of international lenders caused liquidity problems in the affected countries' financial systems. these ... runs on domestic financial systems cannot be explained by poor fundamentals or policy failures, but are instead a reflection of the intrinsic instability of international financial markets. as ...
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How Large was the Credit Crunch in the OECD?
... construct a mea- sure of industries' financial dependence and test whether more financially dependent industries grow slower in countries with less developed financial systems. in comparison, we apply their approach to test whether financially dependent industries were hit harder during the recent financial crisis. 1 the ...
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Manager turnover and firm performance
... systems offers a tool for comparing financial systems in different countries. we explore whether we can classify european countries into groups that have similar financial systems. we use principal components analysis of our financial ...
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Microsoft Word - cpbdoc210.doc
... if a particular bank incorporates part of a market infrastructure, like payment- or settlement systems, such infrastructure may temporarily break down when a bank goes bankrupt. finally, bank ... of papers and 2004) develop a liquidity-based approach to understanding financial crises. when financial markets are incomplete, financial institutions may be forced to sell assets if they face a liquidity ...
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Microsoft Word - discussion138.doc
... while these questions can of course be analysed outside the innovation systems literature, the innovation systems view provides a natural conceptual framework for studying the systemic interactions ... activities with, for example, the continuous attempts at ict-based efficiency improvements in financial and insurance sectors, the wholesale and retail sectors, health, education, government services, ...
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Manager turnover and firm performance
... present value of the taxes ( 0). in practice, most pension systems in the world are a mixture of the two extreme systems. substituting the term in t(w,z), the budget constraint ... disutility of work for low wage earners does not make them less sensitive to financial incentives. changes in financial conditions lead to sizable changes in behaviour. moreover, the elasticity with respect to ...
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Tilburg finance tool huisstijl pdf
... (40). moreover, the constant and slope coefficients of the state equations are different in both systems. the distribution of z is again a brownian motion, but it is another stochast ... before then, german (western german until 1990) consumer price index figures published by the international financial statistics of the international monetary fund are included. yields six yields are used in ...
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