The Rise Of The Walking Dead Zombie Firms Around The World
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The Rise Of The Walking Dead Zombie Firms Around The World
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Author : Bruno Albuquerque
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-16
The Rise Of The Walking Dead Zombie Firms Around The World written by Bruno Albuquerque and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-16 with Business & Economics categories.
We build a new dataset of listed and private nonfinancial zombie firms for a large set of Advanced Economies and Emerging Markets over the last two decades. We find that the share of these unproductive and unviable firms has been rising worldwide, especially since the GFC and the Covid-19 pandemic. We show that, perhaps surprisingly, the incidence of zombification is lower among private firms. Lower average survival rates of private firms may explain this phenomenon. We find important negative macrofinancial spillovers from zombie firms: nonzombies’ financial performance is persistently reduced in industries populated with a greater number of zombies. To mitigate these effects, we document that countries with stronger banks, and tighter macroprudential policies tend to have fewer zombies and stronger nonzombies. Strengthening the banking sector may, however, not be sufficient if insolvency frameworks are not well-prepared to deal with the restructuring or insolvency of firms.
What Went Wrong With Capitalism
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Author : Ruchir Sharma
language : en
Publisher: Random House
Release Date : 2024-06-11
What Went Wrong With Capitalism written by Ruchir Sharma and has been published by Random House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-11 with Business & Economics categories.
A radical examination by a leading financial analyst, commentator and investor of the ills of capitalism and how they can be fixed What went wrong with capitalism? Ruchir Sharma’s explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result, Sharma says, is “socialized risk,” expensive government guarantees, for everyone—welfare for the poor, entitlements for the middle class, and bailouts for the rich. Voters say they are disillusioned with capitalism, but a system so distorted by government interventions is a dysfunctional version of free market ideals. As a result, productivity and economic growth have slowed sharply, shrinking the pie for everyone and stoking popular anger. Since these flaws developed as the government expanded, building an even bigger state will only double down on what’s gone wrong. The answer Sharma offers is a series of seven fixes to restore the balance between state support and free markets and lay the path to a more prosperous and happier future.
Freedom Is A Monetary Matter
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Author : Sander Luiten
language : en
Publisher: Mijnbestseller.nl
Release Date : 2024-02-07
Freedom Is A Monetary Matter written by Sander Luiten and has been published by Mijnbestseller.nl this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-07 with Social Science categories.
"Freedom is a monetary matter" explores the social and economic consequences of monetary inflation in the current financial system and provides a comparison in various areas to a system based on sound money (money without inflation). The book has a strong foundation in world history and its major cycles. Rising prices, growing lines at the food bank, major corporations generating billions of dollars in revenues, an increasing threat of war; This book is written for people that want to figure out how to connect the dots in an accelerating chain of seemingly senseless and unconnected world events. Equipped with the overall framework as described in this book, these events will become very understandable and even predictable. It will also become very clear in what way inflation has determined the course of history and how history tells us, that we can expect increasing instability of the current monetary system. In this book you will read how bitcoin — a digitally sound money that dissipates inflation — fits into this picture. It also becomes clear what we can do for our personal financial security in the times ahead.
The Zombie Lending Channel Of Monetary Policy
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Author : Bruno Albuquerque
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-15
The Zombie Lending Channel Of Monetary Policy written by Bruno Albuquerque and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-15 with Business & Economics categories.
We uncover a new channel—the zombie lending channel—in the transmission of monetary policy to nonfinancial corporates. This channel originates from the presence of unviable and unproductive (zombie) firms. We identify exogenous variation in monetary conditions around the world by exploiting the international transmission of US monetary policy shocks. We find that tighter monetary policy leads to more favorable credit conditions for zombie firms relative to other firms. Zombies are then able to cut investment and employment by relatively less. This is indicative of evergreening motives by lenders when interest rates rise: lenders face incentives to restructure existing loans of zombie firms to avoid the realization of losses on their balance sheets. Policies that strengthen banks’ balance sheets, that limit banks’ incentives to engage in risky behavior, and laws that allow an efficient resolution of weak firms, may help mitigate zombie lending practices when financial conditions tighten.
Financial Stability In A Higher For Longer Interest Rate Environment The Case Of The Middle East And North Africa
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Author : Mr. Adrian Alter
language : en
Publisher: International Monetary Fund
Release Date : 2024-04-05
Financial Stability In A Higher For Longer Interest Rate Environment The Case Of The Middle East And North Africa written by Mr. Adrian Alter and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-05 with Business & Economics categories.
This paper assesses the state and resilience of corporate and banking sectors in the Middle East and North Africa (MENA) in a “higher-for-longer” interest rate environment using granular micro data to conduct the first cross-country corporate and banking sector stress tests for the MENA region. The results suggest that corporate sector debt at risk may increase sizably from 12 to 30 percent of total corporate debt. Banking systems would be broadly resilient in an adverse scenario featuring higher interest rates, corporate sector stress, and rising liquidity pressures with Tier-1 capital ratios declining by 2.3 percentage points in the Gulf Cooperation Council (GCC) countries and 4.0 percentage points in non-GCC MENA countries. In the cross-section of banks, there are pockets of vulnerabilities as banks with higher ex-ante vulnerabilities and state-owned banks suffer greater losses. While manageable, the capital losses in the adverse scenario could limit lending and adversely impact growth.
The New World Economy In 5 Trends
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Author : Koen De Leus
language : en
Publisher: Lannoo Meulenhoff - Belgium
Release Date : 2024-02-28
The New World Economy In 5 Trends written by Koen De Leus and has been published by Lannoo Meulenhoff - Belgium this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-28 with Business & Economics categories.
The future is uncertain but for one thing: the global economy is in disarray. Investors, companies and governments must rethink their approach in light of raging inflation, the ongoing climate crisis and an ageing population. In addition, they have to deal with the highest mountain of debt ever accrued in peacetime, disruptive innovations and the effects of multiglobalisation. So much is happening simultaneously, making it difficult to distinguish the big waves from the small hypes. Which economic developments are here to stay and which are transient? How will interest rates evolve? Which emerging countries will become tomorrow's global powers? Which sectors offer the most opportunities? Macroeconomist Koen De Leus and market strategist Philippe Gijsels take a deep dive into the inner workings of our economy. They identify the five major trends that will dominate our lives and our money over the next 30 years. With in-depth analyses and concrete advice, they offer guidance, reveal connections and temper alarmism. The New World Economy in 5 Trends shows how you can surf global megatrends and successfully invest in our changing reality. 'The coming decades present challenges, but also opportunities. This book helps you surf the waves, or at least keeps you from being swallowed up by the tsunami.'
Uncertainty And Challenges In Contemporary Economic Behaviour
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Author : Ercan Özen
language : en
Publisher: Emerald Group Publishing
Release Date : 2020-09-25
Uncertainty And Challenges In Contemporary Economic Behaviour written by Ercan Özen and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-25 with Business & Economics categories.
Every day presents new challenges as the face of global economics changes. In this first book in the Emerald Studies in Finance, Insurance, and Risk Management, expert editors and contributors come together to discuss global response to new uncertainty and challenges.
Economic Policies For A Post Neoliberal World
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Author : Philip Arestis
language : en
Publisher: Springer Nature
Release Date : 2021-01-26
Economic Policies For A Post Neoliberal World written by Philip Arestis and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-26 with Political Science categories.
The period of past four decades has been characterized as one of neo-liberalism, financialization, globalization, privatization and de-regulation. Inequality has risen in industrialised countries, labour’s share in national income has been in decline and economic growth slowed. The evidence of the damage to the environment from human economic activity, and the dramatic consequences of failure to address climate change have become more apparent and urgent. The global financial crises shocked the complacency of the neo-liberal era, though a decade later it may be doubted how much has changed. The central purpose of this volume is to investigate a range of economic and social policies, which move in the direction of constructing a post-neoliberal world. These range over alternative forms of ownership (public, co-operative), policies to address and reverse economic and social inequalities, responses to the forces of globalization, re-constituting the financial system and its roles, and the nature of employment.
World Development Report 2022
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2022-05-14
World Development Report 2022 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-14 with Business & Economics categories.
The COVID-19 pandemic triggered the largest global economic crisis in more than a century. In 2020, economic activity contracted in 90 percent of countries, the world economy shrank by about 3 percent, and global poverty increased for the first time in a generation. Governments responded rapidly with fiscal, monetary, and financial policies that alleviated the worst immediate economic impacts of the crisis. Yet the world must still contend with the significant longer-term financial and economic risks caused by, or exacerbated by, the pandemic and the government responses needed to mitigate its effects. World Development Report 2022: Finance for an Equitable Recovery examines the central role of finance in the economic recovery from COVID-19. Based on an in-depth look at the consequences of the crisis most likely to affect low- and middle-income economies, it advocates a set of policies and measures to mitigate the interconnected economic risks stemming from the pandemic—risks that may become more acute as stimulus measures are withdrawn at both the domestic and global levels. Those policies include the efficient and transparent management of nonperforming loans to mitigate threats to financial stability, insolvency reforms to allow for the orderly reduction of unsustainable debts, innovations in risk management and lending models to ensure continued access to credit for households and businesses, and improvements in sovereign debt management to preserve the ability of governments to support an equitable recovery.
Nominations Of Kevin Allen Hassett And Pamela Hughes Patenaude
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
language : en
Publisher:
Release Date : 2017
Nominations Of Kevin Allen Hassett And Pamela Hughes Patenaude written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.