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One objective of government investment is to develop public infrastructure which may reduce...

This paper investigates the empirical relationship between competition in the financial sector...

We study versions of a general equilibrium banking model with moral hazard under either constant...

As in other sectors, competition in finance matters for allocative, productive and dynamic...

There has been widespread adoption of new laws to support new public management. In many...

The Houthakker-Magee effect implies that a country facing unfavorable income elasticities in...