. In particular, high Northern interest rates are strongly associated with the onset of banking crises in developing …

the high interest rate currency tends to appreciate - the `forward discount puzzle'. Using data from the European Monetary …Regressions of ex-post changes in floating exchange rates on appropriate interest differentials typically imply that … System we find that a large part of the forward discount puzzle vanishes for regimes of fixed exchange rates. That is …

This paper uses a data-set including time series data on macroeconomic variables, loans, deposits and interest rates … interest rates, loans and deposits remain stable but we identify unusual dynamics of longer term loans, deposits and longer … studies while we uncover new facts on disaggregated loans and deposits. During the crisis the cyclical behavior of short term …

This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i … and draw a distinction between outcomes where credit is rationed (the borrower would wish to borrow more at some interest …

loans to Central Europe and reconstruction of the gold standard system was needed to initiate long-term capital flows. A …

instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …

moving beyond entrepreneurial credit and offering consumer loans. But many practitioners and policymakers are skeptical about … administrative data on loan repayment. We find that the marginal loans produced measurable benefits in the form of increased … employment, reduced hunger, and reduced poverty. The marginal loans also appear to have been profitable for the lender. The …