Universita Politecnica delle Marche

Displaying 1-16 of 16 results

  • White Papers // Mar 2011

    Total Public Debt And Growth In Developing Countries

    The global crisis and the expansionary government reaction in many countries have revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This paper aims at complementing the...

    Provided By Universita Politecnica delle Marche

  • White Papers // Mar 2011

    Entry Decisions After Deregulation: The Role Of Incumbents~ Market Power

    This paper investigates the role of incumbents' market power in shaping the entry decisions of Italian banks after branching liberalization in 1990. Using a unique dataset on 260 banks, the authors find that entry over the 1990-1995 periods was targeted towards markets that were more competitive to begin with, i.e....

    Provided By Universita Politecnica delle Marche

  • White Papers // Jan 2011

    Central Bank Capital Adequacy For Central Banks With Or Without A Monetary Policy

    In the economic literature the large number of papers dealing with the issue of central bank independence surprisingly contrasts with the limited attention that has been paid to analyses and determinants of central banks' financial autonomy. Only over the last few years has the issue of central banks' financial autonomy...

    Provided By Universita Politecnica delle Marche

  • White Papers // Dec 2010

    Off-shoring To High And Low Income Countries And The Labour Demand. Evidence From Italian Firms

    The current economic downturn is giving new momentum to the policy debate on the future of manufacturing workers in advanced economies. Political worries have especially regarded the role of competition from low income countries which may turn into severe domestic job losses. While the main belief is that international trade...

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2010

    IMF Lending In Low-And Middle-Income Countries In The Wake Of The Global Crisis

    In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low- and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by the crisis in...

    Provided By Universita Politecnica delle Marche

  • White Papers // Jun 2010

    Do Additional Bilateral Investment Treaties Boost Foreign Direct Investments?

    This paper finds that the stock of Bilateral Investment Treaties (BIT) is subject to diminishing returns measured in terms of foreign direct investment flows. Diminishing returns are more pronounced among country-pairs that have not signed bilateral investment treaties but have their own BIT network than among country-pairs with their own...

    Provided By Universita Politecnica delle Marche

  • White Papers // Feb 2010

    The Global Crisis In Low- And Middle-Income Countries: How The IMF Responded

    Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This paper focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income countries. The IMF lending...

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2009

    Mutual Loan-Guarantee Societies In Monopolistic Credit Markets With Adverse Selection

    In many countries, Mutual Loan-Guarantee Societies (MLGSs) are assuming ever-increasing importance for small business lending. In this paper the authors provide a theory to rationalise the raison d' etre of MLGSs. The basic intuition is that the foundation for MLGSs lies in the inefficiencies created by adverse selection, when borrowers...

    Provided By Universita Politecnica delle Marche

  • White Papers // Sep 2009

    Remittances And Financial Development: Substitutes Or Complements In Economic Growth?

    In a recent study, Chami et al. (2003) suggested that remittances can have a negative impact on economic growth of the receiving country by diminishing the work effort of the migrants' relatives. Subsequently, Giuliano and Ruiz-Arranz (2009) found that this moral hazard effect emerges only when financial development is low....

    Provided By Universita Politecnica delle Marche

  • White Papers // Mar 2009

    The Age Effect In Entrepreneurship: Founder's Tenure, Firm Performance And The Economic Environment

    This paper tests the effect of founder's tenure on firm performance by taking into account the impact of the changes occurring in the economic environment. The authors use a large dataset of founder-run firms that includes, in addition to financial data, company data directly collected through a survey of about...

    Provided By Universita Politecnica delle Marche

  • White Papers // Jan 2009

    The Impact Of Inflation On Heterogeneous Groups Of Households: An Application To Italy

    This paper explores the determinants of the heterogeneity in the expenditure behaviors of the Italian households, using the Households Expenditure Survey provided by the Italian National Institute of STATistics (ISTAT) for the year 2005. The authors assume that differences among consumers are associated with differences in their economic and socio-demographic...

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2008

    Determinants Of Export Diversification: An Empirical Investigation

    Empirical findings confirm that relatively high specialisation of economic structures tends to be associated with low levels of income per capita, but countries diversify their export structures along their path of growth. However, usually only per capita income, and eventually, country-specific fixed effects are the sole explanatory variables taken into...

    Provided By Universita Politecnica delle Marche

  • White Papers // Oct 2008

    Geographical Organization Of Banking Systems And Innovation Diffusion

    The objective of this chapter is to examine the impact of the geographical distribution of a country's banking system on the diffusion of process and product innovations across firms. Innovation is the first pillar of the Lisbon strategy for boosting the competitiveness of the European Union and achieving the target...

    Provided By Universita Politecnica delle Marche

  • White Papers // Oct 2008

    Global Banking And Local Markets

    In the early 1990s, a widely-shared opinion among scholars and practitioners was that the importance of physical proximity between banks and borrowers would be doomed to drastically decrease over time and, put in extreme terms, the end of banking geography would become a real possibility. However, the empirical evidence shows...

    Provided By Universita Politecnica delle Marche

  • White Papers // Sep 2008

    Bank Size Or Distance: What Hampers Innovation Adoption By SMEs?

    A growing body of research is focusing on banking organizational issues, emphasizing the difficulties encountered by hierarchically organized banks in lending to informationally opaque borrowers. While the two extreme cases of hierarchical and non-hierarchical organizations are typically contrasted, what shapes the degree of hierarchy and how to measure it remain...

    Provided By Universita Politecnica delle Marche

  • White Papers // Apr 2008

    Adaptive Threshold for Intra Frame Prediction in H.263 to H.264 Smart-Transcoder

    The proposed paper concerns the reduction of computational complexity on the estimation of prediction modes in Intra frame from H.263 to H.264 streams transcoding process. Aim of this paper is to achieve the possibility of communication between different video coding systems using distinct video codecs. In this paper, the authors...

    Provided By Universita Politecnica delle Marche

  • White Papers // Dec 2010

    Off-shoring To High And Low Income Countries And The Labour Demand. Evidence From Italian Firms

    The current economic downturn is giving new momentum to the policy debate on the future of manufacturing workers in advanced economies. Political worries have especially regarded the role of competition from low income countries which may turn into severe domestic job losses. While the main belief is that international trade...

    Provided By Universita Politecnica delle Marche

  • White Papers // Jan 2011

    Central Bank Capital Adequacy For Central Banks With Or Without A Monetary Policy

    In the economic literature the large number of papers dealing with the issue of central bank independence surprisingly contrasts with the limited attention that has been paid to analyses and determinants of central banks' financial autonomy. Only over the last few years has the issue of central banks' financial autonomy...

    Provided By Universita Politecnica delle Marche

  • White Papers // Mar 2011

    Total Public Debt And Growth In Developing Countries

    The global crisis and the expansionary government reaction in many countries have revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This paper aims at complementing the...

    Provided By Universita Politecnica delle Marche

  • White Papers // Jun 2010

    Do Additional Bilateral Investment Treaties Boost Foreign Direct Investments?

    This paper finds that the stock of Bilateral Investment Treaties (BIT) is subject to diminishing returns measured in terms of foreign direct investment flows. Diminishing returns are more pronounced among country-pairs that have not signed bilateral investment treaties but have their own BIT network than among country-pairs with their own...

    Provided By Universita Politecnica delle Marche

  • White Papers // Mar 2009

    The Age Effect In Entrepreneurship: Founder's Tenure, Firm Performance And The Economic Environment

    This paper tests the effect of founder's tenure on firm performance by taking into account the impact of the changes occurring in the economic environment. The authors use a large dataset of founder-run firms that includes, in addition to financial data, company data directly collected through a survey of about...

    Provided By Universita Politecnica delle Marche

  • White Papers // Apr 2008

    Adaptive Threshold for Intra Frame Prediction in H.263 to H.264 Smart-Transcoder

    The proposed paper concerns the reduction of computational complexity on the estimation of prediction modes in Intra frame from H.263 to H.264 streams transcoding process. Aim of this paper is to achieve the possibility of communication between different video coding systems using distinct video codecs. In this paper, the authors...

    Provided By Universita Politecnica delle Marche

  • White Papers // Oct 2008

    Geographical Organization Of Banking Systems And Innovation Diffusion

    The objective of this chapter is to examine the impact of the geographical distribution of a country's banking system on the diffusion of process and product innovations across firms. Innovation is the first pillar of the Lisbon strategy for boosting the competitiveness of the European Union and achieving the target...

    Provided By Universita Politecnica delle Marche

  • White Papers // Sep 2008

    Bank Size Or Distance: What Hampers Innovation Adoption By SMEs?

    A growing body of research is focusing on banking organizational issues, emphasizing the difficulties encountered by hierarchically organized banks in lending to informationally opaque borrowers. While the two extreme cases of hierarchical and non-hierarchical organizations are typically contrasted, what shapes the degree of hierarchy and how to measure it remain...

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2008

    Determinants Of Export Diversification: An Empirical Investigation

    Empirical findings confirm that relatively high specialisation of economic structures tends to be associated with low levels of income per capita, but countries diversify their export structures along their path of growth. However, usually only per capita income, and eventually, country-specific fixed effects are the sole explanatory variables taken into...

    Provided By Universita Politecnica delle Marche

  • White Papers // Jan 2009

    The Impact Of Inflation On Heterogeneous Groups Of Households: An Application To Italy

    This paper explores the determinants of the heterogeneity in the expenditure behaviors of the Italian households, using the Households Expenditure Survey provided by the Italian National Institute of STATistics (ISTAT) for the year 2005. The authors assume that differences among consumers are associated with differences in their economic and socio-demographic...

    Provided By Universita Politecnica delle Marche

  • White Papers // Mar 2011

    Entry Decisions After Deregulation: The Role Of Incumbents~ Market Power

    This paper investigates the role of incumbents' market power in shaping the entry decisions of Italian banks after branching liberalization in 1990. Using a unique dataset on 260 banks, the authors find that entry over the 1990-1995 periods was targeted towards markets that were more competitive to begin with, i.e....

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2009

    Mutual Loan-Guarantee Societies In Monopolistic Credit Markets With Adverse Selection

    In many countries, Mutual Loan-Guarantee Societies (MLGSs) are assuming ever-increasing importance for small business lending. In this paper the authors provide a theory to rationalise the raison d' etre of MLGSs. The basic intuition is that the foundation for MLGSs lies in the inefficiencies created by adverse selection, when borrowers...

    Provided By Universita Politecnica delle Marche

  • White Papers // Sep 2009

    Remittances And Financial Development: Substitutes Or Complements In Economic Growth?

    In a recent study, Chami et al. (2003) suggested that remittances can have a negative impact on economic growth of the receiving country by diminishing the work effort of the migrants' relatives. Subsequently, Giuliano and Ruiz-Arranz (2009) found that this moral hazard effect emerges only when financial development is low....

    Provided By Universita Politecnica delle Marche

  • White Papers // Nov 2010

    IMF Lending In Low-And Middle-Income Countries In The Wake Of The Global Crisis

    In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low- and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by the crisis in...

    Provided By Universita Politecnica delle Marche

  • White Papers // Feb 2010

    The Global Crisis In Low- And Middle-Income Countries: How The IMF Responded

    Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This paper focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income countries. The IMF lending...

    Provided By Universita Politecnica delle Marche

  • White Papers // Oct 2008

    Global Banking And Local Markets

    In the early 1990s, a widely-shared opinion among scholars and practitioners was that the importance of physical proximity between banks and borrowers would be doomed to drastically decrease over time and, put in extreme terms, the end of banking geography would become a real possibility. However, the empirical evidence shows...

    Provided By Universita Politecnica delle Marche