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Financing growth: foreign aid vs. foreign loans
Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - Federal Reserve Bank of St. Louis - 2013
Compared to foreign grants, do concessional loans from foreign governments and/or unsubsidized loans from foreign … given amount of resources between grants and concessional loans; and (ii) in encouraging financial market reforms. We … examine the effects of ODA grants, concessional ODA loans, and private offshore bank loans on growth rates of 131 developing …
Persistent link: https://www.econbiz.de/10010705758
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Loan regulation and child labor in rural India
Dasgupta, Basab; Zimmermann, Christian - Federal Reserve Bank of St. Louis - 2012
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10010569174
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The IT revolution and the unsecured credit market
Sánchez, Juan M. - Federal Reserve Bank of St. Louis - 2010
Consumer bankruptcies rose sharply over the last 20 years in the U.S. economy. During the same period, there was impressive technological progress in the information sector (the IT revolution). At the same time, pricing of unsecured debt changed dramatically. The dispersion of interest rates...
Persistent link: https://www.econbiz.de/10008598673