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Optimal Collective Contract Without Peer Monitoring

Daripa, Arup - EconWPA - 2005

If entrepreneurs have private information about factors influencing the outcome of an investment, individual lending is inefficient. The literature emphasizes improvements through non-market organizations that harness local information through peer monitoring. I investigate the complementary...

Persistent link: https://www.econbiz.de/10005124858

Risk-Sharing Networks among Households in Rural Ethiopia

Ayalew, Daniel - EconWPA - 2004

We apply the set up of limited commitment model to empirically test the role of informal risk-sharing networks using panel data on informal credit transactions from rural Ethiopia. The empirical estimates provide convincing evidence for the belief that enforcement problem limits the direct role...

Persistent link: https://www.econbiz.de/10005062432

INTERACTIONS BETWEEN TWO INFORMAL SECTOR LENDERS AND INTEREST RATE DETERMINATION IN THE INFORMAL CREDIT MARKET: A THEORETICAL ANALYSIS

Chaudhuri, Sarbajit - EconWPA - 2005

The paper provides a theory of interest rates determination in the informal credit market in backward agriculture highlighting the interactions between two informal sector lenders (a professional moneylender and a trader-interlocker) and explains the prevalence of different interest rates in the...

Persistent link: https://www.econbiz.de/10005407518

INTERACTIONS BETWEEN TWO INFORMAL SECTOR LENDERS AND INTEREST RATE DETERMINATION IN THE INFORMAL CREDIT MARKET: A THEORETICAL ANALYSIS

Chaudhuri, Sarbajit - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005407569

A Test of the Controversial Assumptions in the McKinnon-Shaw Hypothesis versus Neo-Structuralist Propositions An Empirical Test From a Field Survey in the Congo

Maswana, Jean-Claude - EconWPA - 2005

This paper attempts to shed light on the efficiency/effectiveness issues of informal financial markets and the pattern of portfolio allocation shift in response to change in interest rate, in the process of financial liberalization. The two issues have been both controversial and hotly debated...

Persistent link: https://www.econbiz.de/10005407749

Die ökonomischen Effekte der Hochschulausgaben des Landes Sachsen-Anhalt – Fiskalische, Humankapital- und Kapazitätseffekte der Hochschulen in Magdeburg (Teil 2)

Rosner, Ulf; Weimann, Joachim - EconWPA - 2004

über die Fähigkeit der Hochschulen, Menschen in die Region zu ziehen. …

Persistent link: https://www.econbiz.de/10005556230

Measuring China's Fiscal Policy Stance

Dullien, Sebastian - EconWPA - 2005

deficit or cyclically adjusted budget deficits is misleading in the case of China, since a lot of what usually would be …-cyclical in China over the past two decades. …

Persistent link: https://www.econbiz.de/10005076727

China's Changing Competitive Position: Lessons from a Unit-Labor- Cost-Based REER

Dullien, Sebastian - EconWPA - 2005

This paper calculates a unit labor-cost based real effective exchange rate for China for the period 1987-2002. It …

Persistent link: https://www.econbiz.de/10005124915

China and Neo-liberal Constitutionalism

Killion, M. Ulric - EconWPA - 2004

This article discusses the probability of growth of neoliberalism in modern China and its implications for Chinese … constitutionalism. A China polity under the vision of a neo-liberal regime engenders problems of prescribing a legal system and … historicity of Western liberalism and China's ontological base in tradition, being Confucianism. The historic excesses and abuses …

Persistent link: https://www.econbiz.de/10005124920

Optimal Monetary Policy Rules in A Simple Stochastic Macro Model: China's Evidence

Wang, Shengzu; Guo, Shen - EconWPA - 2005

In this paper we apply a simple macro model to explore and evaluate certain optimal monetary policy rules for China …'s economy. To be more consistent with the central bank (the People's Bank of China)'s behaviour, we use money supply as a …

Persistent link: https://www.econbiz.de/10005126241