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The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in emerging market economies. We also investigate the influence of several regulatory, institutional and legal features on the relationship between risk and capital. We apply a...
Persistent link: https://www.econbiz.de/10005076943
In this paper we investigate the coherence between bank ratings and default probability in emerging market economies using scoring and mapping techniques. In order to achieve its disciplining role, the rating should be coherent with the default risk it summarizes and disseminate. This issue is...
Persistent link: https://www.econbiz.de/10005076980
The purpose of this paper is to investigate the validity of some behavioral conjectures as alternative explanations of bank risk-taking behavior. We especially focus on the different valuation of gains and losses relative to a reference point, and the changing attitude toward risk conditional on...
Persistent link: https://www.econbiz.de/10005413102
In an earlier paper (Los, 1998a), the exact and complete return attribution framework of Singer and Karnosky (1995) was extended to include market risk measurements for n countries. Exploiting a selection matrix based on the cash accounting identities, the resulting degenerate portfolio choice...
Persistent link: https://www.econbiz.de/10005125061
Financial instruments such as documentary credit, structured finance and derivatives have proved their value in commodity trade. However, the sophistication of these instruments can also make them a tool for financial fraud. This report discusses how, using commodity market instruments such as...
Persistent link: https://www.econbiz.de/10005062699
What is the optimum quantity of money in a society? This paper answers this question both from the perspective of a utility maximizing model with real balances in the utility function, and employing an inventory theoretic model which focuses attention on the costs of transacting in different...
Persistent link: https://www.econbiz.de/10005076699
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
In the next ten years, advocates of microfinance organizations (MFOs) will seek more than $20 billion to provide small …-percent increase in the about $200 million spent per year on domestic microfinance. Most of the excitement for the promise of … microfinance in the United States has been sparked by reports of the success of the Grameen Bank of Bangladesh. Was Grameen a good …
Persistent link: https://www.econbiz.de/10005118666