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On the Stability of Different Financial Systems

Fecht, Falko - EconWPA - 2003

An economy in which deposit-taking banks of a Diamond/Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...

Persistent link: https://www.econbiz.de/10005076982

Banking Sector Crises and Related New Regulations in Turkey

Kibritcioglu, Aykut - EconWPA - 2005

In Turkey, the financial sector is traditionally dominated by banking activities, and the banking sector experienced several systemic crises since late 1970s. This paper reviews and summarizes the major banking sector problems in the country. It also outlines the latest regulations and reform...

Persistent link: https://www.econbiz.de/10005126288

Credit Rationing in a Basic Agent-Based Model

Fioretti, Guido - EconWPA - 2005

A simple agent-based model of business units lending money to one another is sufficient to understand on what conditions avalanches of bankruptcies may arise. The model highlights the consequences of specialisation into money lending as well as the impact of preferential lending relations.

Persistent link: https://www.econbiz.de/10005134745

Financial Fragility with Rational and Irrational Exuberance

Lagunoff, Roger; Schreft, Stacey L. - EconWPA - 1999

This article formalizes investor rationality and irrationality, exuberance and apprehension, to consider the implications of belief formation for the fragility of an economy¦s financial structure. The model presented generates a financial structure with portfolio linkages that make it...

Persistent link: https://www.econbiz.de/10005412742

Productivity Commission Submission to the Review of Pricing Arrangements in Residential Aged Care

Commission, Productivity - EconWPA - 2003

, including its inquiry into Nursing Home Subsidies and a major conference on Policy Implications of the Ageing of Australia …; an analysis of the implications of ageing, trends in disability rates and other key influences on the future demand for …

Persistent link: https://www.econbiz.de/10005076921

Private hospitals in Australia

Commission, Productivity - EconWPA - 2001

Amongst other things, this report: . provides a statistical overview of the structure of the industry and the activities of the 500 acute care, psychiatric and day hospitals that operate within it; . looks at some indicators of the industry’s financial performance, efficiency and quality of...

Persistent link: https://www.econbiz.de/10005134599

Theoretical Aspects of Retirement Decisions

Verbic, Miroslav - EconWPA - 2002

Paper presents a survey of five different approaches to retirement decision analysis. Simple life cycle labour supply model leads to a classical optimization problem of choice between work and leisure, but it is highly limited in explaining retirement decision as a static approach. Comparative...

Persistent link: https://www.econbiz.de/10005135080

Ageing, interest rates, and financial flows

Saarenheimo, Tuomas - EconWPA - 2005

. This study concentrates on the effects of ageing on the evolution of global interest rates and financial flows. The study …

Persistent link: https://www.econbiz.de/10005408320

40 million Aussies? The Immigration Debate Revisited

Corden, Max - EconWPA - 2004

If Australia's population were to reach 40 million, it could only result from either a drastic reversal of the decline in the fertility rate or a very large increase in the rate of net migration. This lecture explores this interesting question.

Persistent link: https://www.econbiz.de/10005408359

Economic Implications of an Ageing Australia

Commission, Productivity - EconWPA - 2005

The commissioned study into the ageing of Australia’s population was released April 2005. The Commission found that one … government. Policy measures will be needed to reduce the fiscal pressure from ageing and/or to finance the fiscal gap. Reforms … would be needed in key human service areas, such as health and aged care, where the pressures of an ageing population will …

Persistent link: https://www.econbiz.de/10005556842