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Globalization, financial crisis and contagion: time-dynamic evidence from financial markets of developing countries

Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2011

Financial integration among economies has the benefit of improving allocative efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...

Persistent link: https://www.econbiz.de/10008924837

Informal Insurance and Income Inequality

Laczó, Sarolta - Volkswirtschaftliche Fakultät, … - 2008

This paper examines the effects of income inequality in a risk sharing model with limited commitment, that is, when insurance agreements have to be self-enforcing. In this context, numerical dynamic programming is used to examine three questions. First, I consider heterogeneity in mean income,...

Persistent link: https://www.econbiz.de/10005835910

Valoración de flujos de caja en inflación. El caso de la regulación en el Banco Mundial

Vélez-Pareja, Ignacio - Volkswirtschaftliche Fakultät, … - 2005

We show that project evaluation should be based on free cash flows at nominal prices. We present a case where the results from the constant price method are biased upwards and there is a risk to accept bad projects. It is a widespread practice to evaluate projects at constant prices. With an...

Persistent link: https://www.econbiz.de/10005836393

The role of institutional design in the conduct of infrastructure industries reforms - An illustration through telecommunications in developing countries

Recuero Virto, Laura; Gasmi, Farid; Noumba Um, Paul - Volkswirtschaftliche Fakultät, … - 2009

This paper discusses the relationship between the quality of political and economic institutions and the performance of the infrastructure industries reform process in developing countries. Our point of departure is that, when thinking about this relationship, it is necessary to take into...

Persistent link: https://www.econbiz.de/10005836465

Oil prices and the developing countries- the evidence of the last decade

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1985

Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...

Persistent link: https://www.econbiz.de/10005836490

Qualité institutionnelle et performance économique : cas des télécommunications dans les pays en voie de développement

Recuero Virto, Laura; Gasmi, Farid; Belaid, Rabah - Volkswirtschaftliche Fakultät, … - 2009

In recent years, a number of studies have shown that institutions are crucial to economic development. This literature has highlighted a relationship between the quality of the macro-institutional environment and the performance of reform policies conducted in some key sectors of the economy....

Persistent link: https://www.econbiz.de/10005836710

Corporate governance in developing and emerging countries. The case of Romania

Giurca Vasilescu, Laura - Volkswirtschaftliche Fakultät, … - 2008

The experiences of the developed countries reveals that a good corporate governance could reduces risk, stimulates performance, improves access to capital markets, enhances the marketability of goods and services, improves leadership, increases the value of the corporations, enables the...

Persistent link: https://www.econbiz.de/10005837236

Of war and peace: analyzing the policy discourse on intellectual property

Ghafele, Roya - Volkswirtschaftliche Fakultät, … - 2010

sense raises awareness on common pitfalls currently associated with international policy making in the area of innovation … agenda hardly address how IP may promote equitable innovation, but instead repeatedly refer to counterfeiting and piracy as a … economy worldwide or bridge current divides prevailing in international systems of innovation. …

Persistent link: https://www.econbiz.de/10011258024

Financial liberalisation,stockmarkets and economic development

Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1996

Abstract During the 1980s and 1990s, many developing countries (DCs) have been engaged in far-reaching reforms of their financial systems, liberalising them and making them more market-oriented. This liberalisation, involving inter alia ‘financial de-repression’ has been inspired partly by...

Persistent link: https://www.econbiz.de/10011258627

New technologies adoption and diffusion patterns in developing countries. An empirical study for the period 2000-2011.

Lechman, Ewa - Volkswirtschaftliche Fakultät, … - 2013

In recent years, enormous changes are noted worldwide when broad adoption of new Information and Communication Technologies (ICTs). These unique technologies – often perceived as economic development incentives – have a great ability to spread at high pace and low cost in world countries,...

Persistent link: https://www.econbiz.de/10011259584