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The need to develop securities market has, following the recent international financial crises, increasingly attracted the attention of national and international policy makers. Never before have developed and developing countries shared such a strong interest in ensuring the stable growth of...
Persistent link: https://www.econbiz.de/10005561601
We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose economic payoff is unaffected by the norm violation, may be...
Persistent link: https://www.econbiz.de/10005125599
Are certain groups of unemployed individuals hurt less by unemployment than others? This paper is an attempt to test the hypothesis that non- pecuniary costs of unemployment may vary between societies with different unemployment rates. Using cross-sectional data from the SALDRU93 survey, we show...
Persistent link: https://www.econbiz.de/10005125760
Economic organization of the imaginary worlds depicted in popular literary works may be viewed as a mirror to public opinion on the economic organization of life. If a book becomes a best-seller, it is because the book conveys messages, feelings, and events the readers can relate to. In other...
Persistent link: https://www.econbiz.de/10005407781
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
rural Kenya using a panel of 1,266 households surveyed in 1997, 2000, and 2002. We find a strong correlation between working … adult death. The evidence indicates that rising adult mortality in rural Kenya is adversely affecting primary school …
Persistent link: https://www.econbiz.de/10005062404
this paper we use data from Kenya and Tanzania to estimate returns to education for manufacturing workers and examine how … in Kenya.We test for the importance of ability bias and find convexity robust to endogeneity. Treating education as an …
Persistent link: https://www.econbiz.de/10005118714
microfinance organizations believed to be among the best in Bolivia. These lenders represent different combinations of …
Persistent link: https://www.econbiz.de/10005134580
This report follows up on a 1996 UNDP survey of microfinance activity in Vietnam. The need was not simply because of … the five-year time lapse, but also because the larger multilateral donors were showing interest in funding microfinance … benefit. This report had highlighted a number of problems concerning microfinance in Vietnam. These concerns, however, should …
Persistent link: https://www.econbiz.de/10005134876
In developing countries, microfinance has been the darling of the development community, and in developed countries …, microfinance fits well with Third Ways ideas. What are the challenges and opportunities for the attempt to replicate microfinance … for microfinance and drive up costs. With costs well above revenues, U.S. programs are far from achieving financial self …
Persistent link: https://www.econbiz.de/10005407699