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Entry Costs, Intermediation, and Capital Flows

Imrohoroglu, Ayse; Kumar, Krishna B. - EconWPA - 2003

In this paper, we reexamine the question "Why doesn't capital flow from rich to poor countries?" posed, most recently, by Lucas (1990). We build a simple contracting framework where costly intermediation together with an adverse selection problem have quantitatively important effects on capital...

Persistent link: https://www.econbiz.de/10005126182

Macroeconomic evolution after a shock: the role for financial intermediation

Vinogradov, Dmitri - EconWPA - 2003

An overlapping generations model with two production factors and two types of agents is considered in presence of …nancial intermediation. The research focuses at the analysis of the consequences of a suddain negative production shock on a …nancial intermediation capacities and consequently...

Persistent link: https://www.econbiz.de/10005126268

Bailout Policy against Financial Intermediation Failures

Vinogradov, Dmitri - EconWPA - 2005

' solvency, this paper focuses on asymmetry in views as to whether an insolvent bank will be liquidated or let to continue …

Persistent link: https://www.econbiz.de/10005134636

Banks versus Markets in Processing the Payments Shock

Vinogradov, Dmitri - EconWPA - 2005

The paper focuses on a comparison of bank-based andmarket-based …nancial systems with respect to their ability to … period. In contrast, the bank-based system allows for both quick recovery and postponing and smoothing the negative …

Persistent link: https://www.econbiz.de/10005134734

The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine

Woo, Wing Thye - EconWPA - 2003

establishing an efficient financial intermediation mechanism. Frequent bank recapitalization is the biggest threat to China … servicing of the bonds issued for the bank bailout. In short, China faces a difficult tradeoff between the maintenance of fiscal … short-term lending and repayments, or facilitators of bank runs (in which depositors do not merely switch banks, or switch …

Persistent link: https://www.econbiz.de/10005062405

Sequential Models of Bertrand Competition for Deposits and Loans under Asymmetric Information

Bracoud, Frédérique - EconWPA - 2002

This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks are free to reject customers and cannot distinguish among borrowers. The timing of competition is crucial when customers apply once. Interest rates are pushed upwards when the...

Persistent link: https://www.econbiz.de/10005550896

Economic Growth in Egypt: Constraints and Determinants

Dobronogov, Anton; Iqbal, Farrukh - EconWPA - 2005

Egypt accelerated its ongoing transition from a public sector dominated economy to a private sector led and market oriented economy after the collapse of oil prices in the mid-1980s. Some aspects of the economy, such as trade policy, have been substantially transformed since then whereas other...

Persistent link: https://www.econbiz.de/10005118733

Power Law Signature in Indonesian Population

Mulianta, Ivan; Situngkir, Hokky; Surya, Yohanes - EconWPA - 2004

The paper analyzes the spreading of population in Indonesia. The spreading of population in Indonesia is clustered in …

Persistent link: https://www.econbiz.de/10005125726

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

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

Household Saving Behavior: The case of rural industry in Bantul

Brata, Aloysius Gunadi - EconWPA - 2004

saving more in the non-bank financial institution than in the banking institution, included the Village Units of Bank Rakyat … Indonesia (BRI). This situation could be indicated that banking institution just gives little attention on the rural households …

Persistent link: https://www.econbiz.de/10005134832