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Causes and consequences of the 1982 Third World Debt Crisis

Stambuli, P. Kalonga - EconWPA - 2002

This paper investigates underlying causes of the debt crisis that only surfaced with Mexico’s unilateral moratorium on her foreign obligations in 1982. The paper investigates the evolutionary trend of LDC debt and the consequences for lenders, borrowers and the international financial system....

Persistent link: https://www.econbiz.de/10005125557

A better way to account for fiat money at the Central Bank

Colignatus, Thomas - EconWPA - 2005

Proper monetary accounting rules are: (1) Central Banks should conform to the practice of the US Federal Reserve to distinguish its Balance Sheet from its Statement of Conditions. (2) Fiat money should not appear as a liability in a Balance Sheet. (3) The Central Bank should not record more...

Persistent link: https://www.econbiz.de/10005408128

THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...

Persistent link: https://www.econbiz.de/10005408148

How Did Malawi Accumulate External Debt

Stambuli, P. Kalonga - EconWPA - 2003

Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding growth in the economy, exports capability or poverty reduction this paper much of the borrowing contracted during 1973-82 was consumed by balance of payments deficits caused by...

Persistent link: https://www.econbiz.de/10005062708

SOCIO-ECONOMIC DEVELOPMENT : A POLITICO - FINANCIAL OVERVIEW

Dr.VSR.Subramaniam - EconWPA - 2004

Do Financial accounting practices as per the political setup and their administrative strategies, pose problems to the pace of Socio-economic development of any nation ? This paper addresses this question with a preview to the dawn of human civilizations on earth, and mathematically cumulating...

Persistent link: https://www.econbiz.de/10005556918

SOCIO-ECONOMIC DEVELOPMENT : A POLITICO - FINANCIAL OVERVIEW

Subramaniam, Viswanatha Sankara Rama - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005560985

Bank loans, start-up subsidies and the survival of the new firms: an econometric analysis at the entrepreneur level

Bruno, CREPON; Emmanuel, DUGUET - EconWPA - 2004

We evaluate the impact of bank loans and start-up subsidies on the survival of the new firms. This work relies on the SINE94 survey that provides rich information on the entrepreneurs and their start-up projects. We use the propensity score matching methodology, in the case of multiple...

Persistent link: https://www.econbiz.de/10005408373

Experience of Asian Asset Management Companies (AMCs): Do they Increase Moral Hazard? - Evidence from Thailand

Terada-Hagiwara, Akiko; Pasadilla, Gloria - EconWPA - 2004

This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that AMCs vary in their design and performance. Asset management companies can trigger moral hazard- inspired bank lending. Empirical examination of the Thai experience reveals that the moral...

Persistent link: https://www.econbiz.de/10005134678

China’s banking reform: An assessment of its evolution and possible impact

Garcia-Herrero, Alicia; Gavila, Sergio; Santabarbara, Daniel - EconWPA - 2005

The Chinese banking system, characterized by massive government intervention, poor asset quality and low capitalization … further. China’s huge financing needs, to maintain high economic growth, and its commitment to fully open up its banking … desired structure of the Chinese banking system. Bank recapitalization should be completed immediately, not only to ensure …

Persistent link: https://www.econbiz.de/10005134818

WHERE IS THE CHINESE BANKING SYSTEM GOING WITH THE ONGOING REFORM?

HERRERO, ALICIA GARCIA; GARCIA, DANIEL SANTABARBARA - EconWPA - 2004

The Chinese banking system, characterized by a large proportion of state-ownership and low capitalization, has started …-performing loans, and profitability is poor. Given the commitment of the Chinese authorities to fully open up its banking system to … foreign competition by 2006, it seems crucial that financial reform accelerates so that the Chinese banking system can compete …

Persistent link: https://www.econbiz.de/10005412783

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