In this work, I show that land reform can affect business cycle dynamics through the financial accelerator. For this purpose, I employed a conventional framework for Dynamic Stochastic General Equilibrium models with collateral constraints to model the effect of agricultural ...

This study, based on the quantitative content analysis, examines communicative efficiency in the Ukrainian banking system, i.e. shows how the tone and the readability of independent auditor reports are associated with a bank performance in the next financial year. The ...