Showing 1 - 10 of 12
We introduce an element of centralization in a random matching model of money that allows for private liabilities to circulate as media of exchange. Some agents, which we identify as banks, are endowed with the technology to issue notes and to record-keep reserves with a central clearinghouse,...
Persistent link: https://www.econbiz.de/10005076838
In economics, where the long resistance to reflecting on the effects of social interaction on economic behaviour is slowly waning, the concept of social capital may turn out to be a useful analytical tool. However, initial interest in social capital has produced a large variety of definitions,...
Persistent link: https://www.econbiz.de/10005124878
credit crunch interferes with the accommodation necessary for stability. …
Persistent link: https://www.econbiz.de/10005126279
Over the last decade, research has shown that financing constraints have an important impact on many aspects of firm behavior and aggregate fluctuations. This paper undertakes a critical comparison of the three main financing constraint hypotheses- -the bank lending, collateral, and internal...
Persistent link: https://www.econbiz.de/10005126449
During the 80’s and 90’s, the increase in financial instability shook up the idyllic vision of the financial liberalization in developed nations. The difficulties borne by the banking sectors spread out in some Asian and Latin American countries as systemic crises. The deregulation of the...
Persistent link: https://www.econbiz.de/10005134804
After publishing its first report in September 1997, the Own Funds Working Group, in agreement with the European Committee of Central Balance Sheet Offices, decided to continue its work in order to gain a better understanding of the differences in financing structures between countries. To this...
Persistent link: https://www.econbiz.de/10005413207
This paper surveys the existing literature on the determinants of household savings and credit in developing countries …
Persistent link: https://www.econbiz.de/10005556083
benefits, including improved efficiency of land markets, reduction in conflict over land, enhanced access to credit, and …
Persistent link: https://www.econbiz.de/10005556123
interests and complex government subsidy and credit policies. Reform in the telecommunications sector greatly affects the …
Persistent link: https://www.econbiz.de/10005556936
AGRICULTURE IN ITS COMMON PARLENCE INCLUDES PRODUCTION, RESEARCH AND TRAINING IN THE FIELDS OF CROPS, FORESTRY, FISHING AND LIVESTOCK. NIGERIAN AGRICULTURE WAS CHARACTERIZED BY LOW FARM INCOMES; LOW CAPACITY LEVEL TO SATISFY FOOD AND FIBRE NEEDS OF THE COUNTRY, AND PRIMITIVE TECHNIQUES OF...
Persistent link: https://www.econbiz.de/10005118780