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Category :
Languages : en
Pages : 92
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Book Description
The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 92
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Book Description
The ABA Journal serves the legal profession. Qualified recipients are lawyers and judges, law students, law librarians and associate members of the American Bar Association.
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Category : Law reports, digests, etc
Languages : en
Pages : 1260
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Author:
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Category :
Languages : en
Pages : 1044
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Author:
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Category : Law reports, digests, etc
Languages : en
Pages : 1418
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Author: Noah Webster
Publisher: BoD – Books on Demand
ISBN: 3368856111
Category : Fiction
Languages : en
Pages : 658
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Book Description
Reprint of the original, first published in 1881.
Author: Daniel Garcia-Macia
Publisher: International Monetary Fund
ISBN: 1484314514
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Why did the Great Recession lead to such a slow recovery? I build a model where heterogeneous firms invest in physical and intangible capital, and can default on their debt. In case of default, intangible assets are harder to seize by creditors. Hence, intangible capital faces higher financing costs. This differential is exacerbated in a financial crisis, when default is more likely and aggregate risk bears a higher premium. The resulting fall in intangible investment amplifies the crisis, and gradual intangible spillovers to other firms contribute to its persistence. Using panel data on Spanish manufacturing firms, I estimate the model matching firm-level moments regarding intangibles and financing. The model captures the extent and components of the Great Recession in Spanish manufacturing, whereas a standard model without endogenous intangible investment would miss more than half of the GDP fall. A policy of transfers conditional on firm age could speed up the recovery, as young firms tend to be more financially constrained, particularly regarding intangible investment. Conditioning transfers on firm size or subsidizing credit (as in current E.U. policy) appears to be less effective.
Author:
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Category :
Languages : en
Pages : 1640
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Author: United States. Internal Revenue Service
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Category : Tax administration and procedure
Languages : en
Pages : 628
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Category : Law
Languages : en
Pages : 652
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Category : Administrative law
Languages : en
Pages : 1170
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