 | Early Birds, Late Risers, and Sleeping Beauties : Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans Author/Editor: Ivanna Vladkova Hollar, Giovanni Dell'Ariccia, Carlo Cottarelli. Release Date:November, 2003 Following a period of privatization and restructuring, commercial banks in Central and Eastern Europe and, more recently, in the Balkans have rapidly expanded their lending to the private sector. more...
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| Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending Author/Editor: Curzio Giannini, Carlo Cottarelli. Release Date:November, 2002 During the 1990s, the concept of catalytic official finance (COF) gained prominence in policy debates. The concept revolves around the idea that the propensity of investors to lend to a country more...
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| Bank Lending Rates and Financial Structure in Italy : A Case Study Author/Editor: Giovanni Ferri, Carlo Cottarelli, Andrea Generale. Release Date:April, 1995 This paper discusses the relation between the financial structure and the determination of bank lending rates in Italy. It notes that the high degree of stickiness of bank lending rates observed in more...
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| Treasury Bill Auctions : Issues and Uses Author/Editor: Carlo Cottarelli, Leonardo Bartolini. Release Date:November, 1994 We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these more...
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| Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy Author/Editor: Angeliki Kourelis, Carlo Cottarelli. Release Date:March, 1994 The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth transmission of monetary policy impulses. Yet, no systematic measure of the more...
| Price: $15.00
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 | Limiting Central Bank Credit to the Government : Theory and Practice Author/Editor: Carlo Cottarelli. Release Date:September, 1993 This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit more...
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| Government Ponzi Games and Debt Dynamics Under Uncertainty Author/Editor: Leonardo Bartolini, Carlo Cottarelli. Release Date:December, 1991 We investigate the conditions for sustainability of debt roll-over schemes under uncertainty. In contrast with the requirements identified in recent research, we show that a necessary and sufficient more...
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| Cross-Border Deposits and Monetary Aggregates in the Transition to EMU Author/Editor: Ignazio Angeloni, Aviram Levy, Carlo Cottarelli. Release Date:November, 1991 This paper discusses the effect of cross-border deposits (CBDs) for the stability of the relation between monetary aggregates and nominal GDP in the five largest EC countries. The analysis is more...
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| Forced Savings and Repressed Inflation in the Soviet Union : Some Empirical Results Author/Editor: Mario I Bléjer, Carlo Cottarelli. Release Date:June, 1991 In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances more...
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| The Risk Premiumon Italian Government Debt, 1976-1988 Author/Editor: Carlo Cottarelli, Mauro Mecagni. Release Date:April, 1990 This paper considers the behavior of the yield differential between government and nongovernment bonds in Italy between 1976 and 1988. It is shown that the trend increase of the differential observed more...
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