Search results for "debt"
showing 10 items of 295 documents
The impact of international influence on microbanks’ performance: A global survey
2011
NOTICE: this is the author’s version of a work that was accepted for publication in International Business Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Business Review, 20(2), 163-176. http://dx.doi.org/10.1016/j.ibusrev.2010.07.006 Microbanks serve micro-enterprises and poor people with financial services. This study examines how various aspects of international influence affect microbanks' financi…
The New Italian Regulation on Over-Indebtedness. A Snapshot
2019
This paper contains a description of the new Italian regulation on over-indebtedness laid down by Decree 2019/14. Personal statements and critical remarks are included.
Emerging Tiger? The Paradoxes of the Philippine Economy
2017
The Republic of the Philippines is an exception in the East and Southeast Asia realm. One of the richest countries of the region at the end of World War II, its rankings have slipped, and its growth rates have been weak for several decades. We examine the main causes of the mediocre economic performance of the country since the 1950s. Many analysts have pointed out an excessive bureaucracy, high levels of corruption and the lack of industrial investment in a country dominated by landed interests. After the high debt incurred during the Marcos administration, Philippine leaders have made every effort to improve the debt situation, choosing to pay back loans, but under investing in infrastruc…
Commento agli articoli 543-566, in Codice di procedura civile ragionato.
2017
Il lavoro consiste in un commento a tutte le disposizioni del codice di procedura civile in materia di espropriazione presso terzi, con richiami alle principali leggi speciali, e in un commento alle norme del codice di procedura civile sul pignoramento immobiliare e sull'intervento dei creditori nella espropriazione immobiliare The essay is a commentary on civile procedure rules concernig enforcement of civil obbligation, with reference to the seizure of debtors's credit towards other people (e.g. attaching of erarnings) and with respect to the seizure of real estate.
Investigating the causal mechanisms underlying the customization of software development methods
2017
Over the last four decades, software development has been one of the mainstream topics in the Software Engineering and Information Systems disciplines. Thousands of methods have been put forward offering prescriptions for software development processes. The goal of these methods is to produce high-quality software in a systematic manner. However, it is widely known that these methods are rarely followed as prescribed – developers often modify or skip different steps, practices, or quality rules recommended by software development methods. While a group of previous studies suggests that maximizing the flexibility and leanness of software development processes is the key driver of such custom…
Keeping Public Debt Sustainable in an Equitable Way
2022
The COVID-19 pandemic has claimed over 5 million lives thus far. This grim figure would have been higher still without the strong and timely fiscal support provided by governments around the globe, including support for health sector and the development and deployment of vaccines. The IMF has noted that “in 2020, fiscal policy proved its worth. The increasing public debt in 2020 was fully justified by the need to respond to COVID 19 and its economic, social, and financial consequences” (Gaspar, 2021). How to keep debt sustainable is becoming a policy imperative, made all the more challenging by the lingering effects of the pandemic, particularly on low-income groups. In this article we summ…
Testing for public debt sustainability using band spectrum regression analysis "
2014
In this note we focus on the response of the primary surplus to debt (ratios to GDP)over a low frequency band (associated with cycles with period between eight and sixteen years) to filter out business cycle effects. For this purpose, we use band spectrum regression, using both the Fourier Transform and the Discrete Wavelet transform, fitted to pooled panel dataset of 18 EMU countries. The empirical findings give evidence of fiscal fatigue within Eurozone:the response of primary surplus to debt will decrease over a finite debt limit.
Political determinants of the fiscal sustainability: evidence from six individual developed countries.
2007
This paper aims at assessing the fiscal sustainability and its political determinants in six countries, namely France, Germany, Greece, Italy, the United Kingdom, the United States. First, using the recent sustainability approach of Bohn (1998) based on fiscal reaction function, econometric findings using OLS reveal a positive response of the primary surplus to changes in debt in several countries. In other words, fiscal policy is sustainable in France, Italy, the United Kingdom, the United States, but not in Germany and Greece. Second, by introducing political dummy variables, we test the electoral budget cycle, the partisan cycle and the government coalition theories. We find the presence…
Endeudamiento municipal en la región de Lleida a finales del siglo XVII
2018
Este articulo quiere analizar la evolución del endeudamiento de los municipios de la región económica de Lleida a finales del siglo XVII para poner de relieve no solo el enorme peso que este tuvo sobre los municipios catalanes de los siglos modernos, sino también el efecto que causó la expansión económica de los años previos a la guerra de Sucesión sobre esta deuda. Durante los años estudiados hemos podido observar una mejora evidente sobre el nivel de endeudamiento comunal, pero también la persistencia de problemas crónicos en las finanzas municipales. In this paper is analyzed the municipal debt evolution of the Lleida region during the late seventeenth century. It highlights the importan…
Climate Change, Uncertainty and Ethical Superstorms
2021
I argue that one of the most urgent tasks of geoethics is how to deal with climate change in a just and equitable way. At worst, our current path could lead to multi-metre sea-level rise, increases in storms and climate extremes, causing devastating social disruption and economic consequences. I present some alternatives on how to handle this alarming prospect, arguing that we cannot condense our decision-making on climate change into numerical calculations, but should instead make ethical judgements. The commonly used expected utility maximation can be considered a gamble on future generations’ expense for the benefit of the current ones. Thus, from a Rawlsian perspective, we will instead …