FINANCIAL INSTRUMENTS TO PROMOTE GREEN ECONOMY DEVELOPMENT IN UKRAINE

Do remittances promote financial development in Africa?

The paper seeks to establish whether or not remittances promoted financial developments and explore the traceable causality between remittances and financial developments in some countries in Africa. We examine the association between remittances received and how they affect the availability of credit to private sector, bank deposits intermediated by financial institutions and money supply. We ...

Environmental Fiscal Reform to promote green economy in countries in transition Progress on sustainable development and poverty eradication in Vietnam

Eine Ökologische Fiskalreform (ÖFR) verleiht Umweltgütern einen monetären Wert, indem Marktpreise durch Besteuerung, Kostendeckung und Subventionsabbau den gesamtgesellschaftlichen Kosten angenähert werden. Die vorliegende Arbeit untersucht spezielle Vorteile und Herausforderungen einer ÖFR für Schwellenländer im Hinblick auf nachhaltige Entwicklung und Armutsbekämpfung. Eine Fallstudie über Vi...

Financial development and the underground economy

a r t i c l e i n f o We provide a theoretical and empirical study of the relation between financial development and the size of the underground economy. In our theoretical framework agents allocate investment between a low-return technology which can be operated with internal funds, and a high-return technology which requires external finance. Firms can reduce the cost of funding by disclosing...

Does external trade promote financial development?

Several recent papers have argued that trade and financial development may be linked, either for political economy reasons, or because foreign competition and exposure to shocks lead to changes in the demand for external finance. In this paper we use the cross-country and time-series variation in openness to study the relationship between trade and finance in more detail. Our results suggest th...

Green engineering principles promote low-impact development.