Abstract In the past decade, evidence has been accumulated on relationship between impulsivity and over‐indebtedness. Nevertheless, magnitude of such association is still considered marginal compared to traditional socio‐demographic economic factors, with important consequence that continues be ignored in policy interventions for preventing dealing The aim this study was meta‐analyse existing studies answer question: Are higher levels associated greater over‐indebtedness? Scopus Web Science...

Abstract Small and medium‐sized enterprises (SMEs) suffered a sharp contraction in their borrowing from banks during the Great Recession. Analyzing large firm‐level database for European countries, paper shows that trade credit amplified liquidity squeeze on SMEs, with adverse effects real activity. SMEs sharply increased net thus transferred financial resources to larger firms. Given weight of economy likely contributed depth output fall slow recovery Europe

<title>Abstract</title> This paper contributes to the study of income-democracy relationship in three ways: it argues that causal relation is U-shaped, not linear as often stated; uses night-lights (in addition official GDP statistics) address measurement concerns; and strengthens identification by implementing novel advances on differences-in-differences with heterogeneous treatment effects. The results show “intermediate” regimes lead a 20% decline economic performance vis-à-vis both...

Do development banks influence the syndicate structure? Using a global dataset of 12,322 syndicated loans from 2001 to 2016 across 78 countries, we show that lead decrease their loan shares and form less concentrated structure in mixed syndicates including both private-sector as participant lenders. In line with social view on role banks, find such an effect is stronger during periods financial instability, particularly for green industry case borrowers are financially constrained....

Summary: We perform a cross-country firm-level analysis of all development banks headquartered in Europe. The goal is to investigate their financial profile and efficiency characteristics shed light on some crucial issues, which may underline capacity raise external sources finance addition capital contributions from shareholder governments (e. g. generation cost efficiency, the quality loan portfolio, composition finance). A statement accounting features cogent relevance attributed by...

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that causal political economic development is U-shaped: "intermediate" regimes significantly lead to inferior performance vis-Ã -vis both "democracies" "autocracies." Our results suggest decrease long run GDP per capita by about 20 percent. These effects are mainly driven instability, while other potential mechanisms, such as education, investment inequality,...