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The purpose of this paper is to investigate how foreign bank ownership in the banking sector affects domestic bank behaviour and whether this relationship depends on the economic and financial conditions of the host country. This paper contains 795 individual banks in 39 countries covering the period 1999–2006. Foreign ownership is calculated using bank level data as a proxy for the degree of foreign bank ownership in the banking sector. First, we find that foreign bank ownership is associated with a decrease in both the profitability and overhead expenses of the domestic bank after applying the system panel Generalized Method of Moments model. Second, a lower level of economic development of the host country enhances the positive effects of foreign bank ownership on the income, profit and cost of domestic banks. Third, financial development plays an important role in determining the effect of foreign bank ownership. Fourth, while the use of aggregate foreign ownership data may provide us with a big picture, it may not explain why individual banks in the same country perform differently, which this study will answer. 相似文献
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Robert C. Scott 《The Journal of economic education》2013,44(3):227-229
The authors develop an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, they show that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. They offer evidence that the weak relationship between learning and student evaluations arises, in part, because students are unaware of how much they have learned in a course. They conclude with a discussion of easily implemented, optimal methods for evaluating teaching. 相似文献
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Cecil E. Bohanon 《The Journal of economic education》2013,44(4):427-431
This comment argues that the Staten-Umbeck critique of welfare economics, published earlier in this journal, is useful in that it challenges economists to carefully specify the assumptions of welfare analysis, but its primary point is only that welfare analysis is not methodologically positive. 相似文献
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Loesse Jacques Esso 《Bulletin of economic research》2012,64(4):575-580
This paper analyses the impact of the economic growth in Cote d'Ivoire on the poor people. We use household data from two LSMS (1992 and 2002) led by the National Statistical Office of Côte d'Ivoire. We show that the situation in this country is characterized by a trickle‐down growth: the poverty growth curve and the growth incidence curve computed show that growth reduces poverty but the poor people receive proportionally fewer benefits than the non‐poor. 相似文献
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We develop a dynamic game model of a two-country monetary union to study strategic interactions between macroeconomic policy
makers, namely the central bank and governments. In this union, the governments of participating countries pursue national
goals when deciding on fiscal policies, whereas the common central bank’s monetary policy aims at union-wide objective variables.
The union considered is asymmetric, consisting of a core, with lower initial public debt, and a periphery, with higher initial
public debt. For a symmetric demand shock, we derive numerical solutions of the dynamic game between the governments and the
central bank using the OPTGAME algorithm. We show that mildly active cooperative countercyclical policies dominate noncooperative
solutions and a scenario of no policy intervention. Optimal policies call for a brief expansionary action to bolster the effects
on output and a return to a small fiscal primary surplus as soon as the crisis is over until the targeted level of public
debt is reached. 相似文献
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William E. Becker 《The Journal of economic education》2013,44(2):208-212
Immiserizing growth is a long-term phenomenon that occurs when the gain in a country's social welfare arising from economic growth is more than offset by the loss in such welfare associated with an adverse shift in the terms of trade. In one case explored many years ago by Jagdish Bhagwati, immiserizing growth occurs in a developing nation that has started economic growth but faces unfavorable international demand conditions as it increases its traditional exports. In another case explored recently by Paul A. Samuelson, immiserizing growth occurs for the growing industrialized country when its trade partner follows a policy of import substituting growth and, as a result, shifts the terms of trade against the exporting country. Still others have specified a variety of different cases of immiserizing growth. The author provides a simple graphical method to analyze these situations and then presents data showing that immiserizing growth is a relatively rare phenomenon. 相似文献
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Cordelius Ilgmann 《Journal of post Keynesian economics》2015,38(4):532-564
AbstractIn recent years negative nominal interest rates came to the attention of a wider audience as one instrument to overcome the lower zero bound to conventional monetary policy. Modern proponents trace the origin of the proposal back to Silvio Gesell, a largely forgotten German autodidactic scholar of the interwar period, whose work provides valuable insight into heterodox late nineteenth- and twentieth-century economic thinking. Against this backdrop, the present article provides a comprehensive review of Gesell’s life and social economy, firmly linking him to German anarchism of the interwar period. It suggests that Gesell not only provided a monetary theory of interest, but put forward an independent monetary theory of economic crisis that is essential in understanding the historical origins of depreciative currency proposals. Moreover, the article maintains that Gesell’s monetary theory of interest can be seen as the missing link between heterodox economics, The General Theory, and anarchist economic theory. 相似文献
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Robert S. Chirinko 《Journal of economic issues》2013,47(1):177-181
A fundamental principle of Karl Polanyi's institutional outlook is that any economic system has to be considered as a whole and as a historically specific social organization. This principle implies a comparative method and a critique of conventional economics. Besides, the problem of the interrelation between the economic system and other aspects of social life cannot be avoided. On this basis, Polanyi points out the peculiar "economic" nature of the market-capitalist society and explains the institutional transformations characterizing its history. The opposition "embedded/disembedded," used by Polanyi to distinguish pre-modern economies from the market economy, has been widely adopted in recent times, particularly by economic sociologists, as a key for understanding current complex economic phenomena. However, the reference to Polanyi often presupposes a distorted interpretation of his theory, and a different kind of institutional approach. 相似文献
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