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Collateral-Based Lending in Emerging Markets: Evidence from Thailand

Menkhoff, Lukas; Neuberger, Doris; Suwanaporn, Chodechai - EconWPA - 2005

data set of 560 credit files of Thai commercial banks, we find that both the incidence and degree of collateralization are … higher there than in developed markets. Thai banks use collateral primarily to reduce the higher credit risks of small and … relatively young firms. Long credit relationships do not reduce collateral requirements by lowering information asymmetry. Market …

Persistent link: https://www.econbiz.de/10005134744

SAVINGS MOBILIZATION ROLE OF NIGERIAN COMMERCIAL BANKS:AN ANALYTICAL POLICY STUDY

NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003

CAPITAL ACCUMULATION HAS BEEN EMPHASISED AS THE MAJOR FACTOR GOVERING THE RATE OF DEVELOPMENT. THIS STUDY THEREFORE AIMS EXPLORING IN THE LIGHT OF PAST TRENDS, THE ROLE AND SCOPE OF COMMERCIAL BANKS AS FINANCIAL INTERMEDIARIES IN MOBILIZING DOMESTIC SAVINGS FOR DEVELOPMENT AND THE CONSTRAINTS IN...

Persistent link: https://www.econbiz.de/10005076971

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

Working-age Adult Mortality and Primary Sschool Attendance in Rural Kenya

Yamano, Takashi; Jayne, Thomas S. - EconWPA - 2005

rural Kenya using a panel of 1,266 households surveyed in 1997, 2000, and 2002. We find a strong correlation between working … adult death. The evidence indicates that rising adult mortality in rural Kenya is adversely affecting primary school …

Persistent link: https://www.econbiz.de/10005062404

The Dynamics of Returns to Education in Kenyan and Tanzanian Manufacturing

Söderbom, Måns; Teal, Francis; Wambugu, Anthony; … - EconWPA - 2004

this paper we use data from Kenya and Tanzania to estimate returns to education for manufacturing workers and examine how … in Kenya.We test for the importance of ability bias and find convexity robust to endogeneity. Treating education as an …

Persistent link: https://www.econbiz.de/10005118714

PRIVATE MONEY AND RESERVE MANAGEMENT IN A RANDOM MATCHING MODEL

Cavalcanti, Ricardo de O.; Erosa, Andres - EconWPA - 1998

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

Social Capital and Incentive Compatibility: Modelling the Accumulation and Use of Social Collateral

Mogues, Tewodaj; Carter, Michael R. - EconWPA - 2005

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

Debt-Deflation: Concepts, and a Stylised Model

Peter, Goetz von - EconWPA - 2005

credit crunch interferes with the accommodation necessary for stability. …

Persistent link: https://www.econbiz.de/10005126279

Three Financing Constraint Hypotheses and Inventory Investment: New Tests With Time and Sectoral Heterogeneity

Carpenter, Robert E.; Fazzari, Steven M.; Petersen, Bruce C. - EconWPA - 1995

hypotheses- -the bank lending, collateral, and internal finance hypotheses. To discriminate between hypotheses, we extend …

Persistent link: https://www.econbiz.de/10005126449

'The role of Financial Liberalization in Development: Weaknesses and Corrections'

Saidane, D. - EconWPA - 2005

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