Similar Search Results

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

Asymmetry in views of depositors and bankers can generate failures of financial intermediation in linking creditors and borrowers, and/or result in excessively high interest rates. Instead of considering asymmetry in assessment of the banks' solvency, this paper focuses on asymmetry in views as...

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 smooth the negative consequences of a macroeconomic shock. The model describes a two-market OLG economy with two types of agents (workers and entrepreneurs) and a financial system...

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

Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...

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

Should Public Capital Be Subsidized or Provided?

Devarajan, Shantayanan; Xie, Danyang; Zou, Heng-Fu - EconWPA - 2002

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes...

Persistent link: https://www.econbiz.de/10005076791

Nursing home subsidies

Commission, Productivity - EconWPA - 2001

On 13 July 1998 the Treasurer referred the current and alternative funding methodologies for nursing home subsidy rates …, announced in the August 1996 Budget, included a process of ‘coalescence’, under which the different nursing home subsidy rates … Commission into differential subsidy rates. …

Persistent link: https://www.econbiz.de/10005134620

SUBSIDY AND UNEMPLOYMENT IN A MOBILE CAPITAL MODEL

Bandopadhyay, Titas Kumar - EconWPA - 2005

efficiency- wage relation in the low wage sector. The general equilibrium effects of subsidy policies on urban unemployment and … domestic factor income are examined.The main findings in this paper shows that urban subsidy policy softens the problem of … urban unemployment ,while the rural subsidy policy aggravates this, if informal sector is linked to the international market …

Persistent link: https://www.econbiz.de/10005062738