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This paper uses hazard function estimations together with cross-sectional growth regressions to examine the impact of exit through merger and acquisition (M&A) or failure, and internally-generated growth, on the firm-size distribution of the US credit union industry. Consolidation through M&A...
Persistent link: https://www.econbiz.de/10013115316
In 2009 there were over 49,330 credit unions across 98 countries with more than 184 million members and approximately $1,354 billion in assets. There is a great diversity within the credit union movement across these countries. This reflects the various economic, historic and cultural contexts...
Persistent link: https://www.econbiz.de/10013136397
Persistent link: https://www.econbiz.de/10003072288
This article provides an account of the development of the financial crisis in western Europe, primarily from a country-level and banking sector perspective, from 2007 to the spring of 2009. Measures enacted by governments and central banks to deal with impaired bank assets, recapitalize or...
Persistent link: https://www.econbiz.de/10013159191
A novel test for racial discrimination in English professional football is presented, based on an assessment of the effect of race on footballers' labour market transition probabilities. Career progression is observed over five-year intervals within the period 1986-2001. Transition probabilities...
Persistent link: https://www.econbiz.de/10014216073
This paper examines the strength of competition in 65 national banking industries. Country-level dynamic panel estimates of the persistence of bank profit are reported and compared. The persistence of bank profit appears to be weaker for banks in developing countries than for those in developed...
Persistent link: https://www.econbiz.de/10013132655
This paper examines the strength of competition in 65 national banking industries. Country level dynamic panel estimates of the persistence of bank profit are reported and compared. The persistence of bank profit appears to be weaker for banks in developing countries than for those in developed...
Persistent link: https://www.econbiz.de/10013134151
Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and...
Persistent link: https://www.econbiz.de/10014411090
The low-income credit union modelled in this paper is an institution with a particular form of contract designed to allow it to operate among agents that are excluded from using banks. Specifically credit unions deal with those potentially on the minimum income guarantee. The challenge facing...
Persistent link: https://www.econbiz.de/10005022109
Accessing elderly housing wealth through equity release mortgages (ERMs) continue to be the focus of policy debates about how to pay for social care and how to support retirement incomes in the UK. We demonstrate in this paper that the spatial concentration of this market in just a few regions...
Persistent link: https://www.econbiz.de/10012845535