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1 - 9 van 9 voor state owned banks
appendix derivations dsge model pdf
... 1 - . this form enables them to be zero in the steady state. let the constant number of shares in the representative firm be ... any seignorage revenues since there will not be any money. central banks can inject money into the economy by performing open market operations. ... consumption in a given period. however, for us, the firm is owned by the actuarial firm, which raises capital from households by ...
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Microsoft Word - doc73.doc
... prices and, in some cases, enhances quality; (ii) privately owned firms are more efficient and more profitable than otherwise-comparable state-owned firms; and (iii) privatisation and high-powered price ... by focusing on physical networks, we explicitly exclude from consideration financial networks (i.e. banks and credit-card issuers). 3 the authors' translation from the original text in dutch ...
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Microsoft Word - cpbdoc127.doc
... small as long as there is no spillover of the problems of chinese banks to major foreign banks. one of the key medium-term risks in the current global ... current account; multiple exchange rates ended 1996 full convertibility to current account transactions restructure state-owned enterprises begins 1999 constitutional amendment passed that explicitly recognises private ownership 2001 china accedes ...
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Microsoft Word - cpbdoc98
... even without such a cultural clash it is safe to state that scientists experience little or no incentives to engage in ... for the commercialisation of research findings, manage and license university owned patents, etc. universities characterised by a larger number 13 of ... sector accepts it or not. anecdotal evidence suggests that banks may attach little value to such certificates. direct public ...
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governance stakeholder relationships german and dutch experience pdf
... 100 enterprises distributed by the percentage of shares owned by other enterprises among the largest 100. 56 ... stakeholders in the company. opponents of the shareholder view state that ... we doubt whether shareholders have either incentive or ... advantage over non-monitoring competitors. hence, informational rents motivate banks to perform monitoring activities and substantiate the relationship. ...
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india and dutch economy stylised facts and prospects pdf
... but still a multiple of what it is in most oecd member countries. before 1990, state-owned banks controlled 90% of bank deposits. the government set interest rates and decided on the ... services, activities which have been substantially liberalised. growth in sectors that remain dominated by state-owned companies, such as utilities, railway transport, and post, has been below average. table 2. ...
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linkages between financial and real sector economy pdf
... the money supply, rather than on credit channels, and the state of investor confidence. this view was elaborated on in friedman and ... changes also affect the net worth of banks. chapter 4 discusses how this affects banks' loan supply and triggers the bank lending channel ... for the lender to collateralize his lending with some assets owned by the borrower to provide sufficient incentives to the borrower ...
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new approach measuring competition loan markets euro area pdf
... on three pillars, namely commercial banks, publicly-owned savings banks and cooperative banks (see hackethal, 2004). contrary to most other euro area countries, the total market commercial banks in the loan and ... the banking industry, the role of the state in the french banking sector remains non-negligible, in that some important entities remain state-controlled (see for example fitch ratings, 2001 ...
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cpb-notitie-12nov2012.indd
... state to market a survey of empirical studies on privatization, journal of economic literature vol. 39, p. 321-389. sapienza, p., 2002), what do state-owned firms maximize? evidence from the italian banks, cepr discussion paper no. 3168. shleifer, a., 1998, state versus private ownership, journal of ...
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