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Why European Banks Adjust their Dividend Payouts?

Author/Editor: Marco Belloni, Maciej Grodzicki, Mariusz Jarmuzek.

Release Date:September, 2022

Using a panel data approach for two samples of listed and unlisted European banks, this paper provides evidence that, over a decade and a half preceding the pandemic, bank dividend payouts were more...



Price: $20.00
Can Good Governance Lower Financial Intermediation Costs?

Author/Editor: Mariusz Jarmuzek, Tonny Lybek.

Release Date:December, 2018

This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after more...



Price: $18.00
Excessive Private Sector Leverage and Its Drivers : Evidence from Advanced Economies

Author/Editor: Mariusz Jarmuzek, Rossen Rozenov.

Release Date:March, 2017

Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and, with a few exceptions, deleveraging has been limited. Furthermore, more...



Price: $18.00
Sustainability and Equity Challenges : Some Arithmetic on Lebanon’s Pension System

Author/Editor: Mariusz Jarmuzek, Najla Nakhle.

Release Date:March, 2016

Reform of Lebanon’s pension system is indispensable. The country already faces fiscal
 sustainability risks, which will be compounded in the future by significantly higher more...



Price: $18.00
From Systemic Banking Crises to Fiscal Costs : Risk Factors

Author/Editor: David Amaglobeli, Nicolas End, Mariusz Jarmuzek, Geremia Palomba.

Release Date:July, 2015

This paper examines the risk factors associated with fiscal costs of systemic banking crises using cross-country data. We differentiate between immediate direct fiscal costs of government more...



Price: $18.00
Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

Author/Editor: Mariusz Jarmuzek, Diego Mesa Puyo, Najla Nakhle.

Release Date:October, 2014

Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn thecountry into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus more...



Price: $18.00
Anatomy of Regional Disparities in the Slovak Republic

Author/Editor: Mariusz Jarmuzek, Biswajit Banerjee.

Release Date:July, 2009

This paper examines economic growth and various dimensions of regional disparities in Slovakia. We find that regional disparities in the levels of GDP per capita, labor productivity, and labor more...



Price: $18.00
Zero Corporate Income Tax in Moldova : Tax Competition and Its Implications for Eastern Europe

Author/Editor: Marcin Piatkowski, Mariusz Jarmuzek.

Release Date:August, 2008

Global economic integration intensified tax competition and raised concerns about the resulting race to the bottom, which could undermine public investment and social spending. The aim of this more...



Price: $18.00