Showing 1 - 10 of 23
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...
Persistent link: https://www.econbiz.de/10010930170
Improving access to capital through credit and public spendings is an important step toward development and poverty … shows that deforestation is positively correlated to access to credit and public spendings, which gives some evidence that … natural capital is a complement to credit and public spendings. …
Persistent link: https://www.econbiz.de/10010899772
In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives.In section 1, we discuss the widespread...
Persistent link: https://www.econbiz.de/10008788989
crédit est plafonné par la législation. En parallèle, la croissance de la microfinance dans le monde a montré que les … techniques innovatrices peuvent augmenter la disponibilité de crédit, sans augmenter indûment le risque. Néanmoins, cette … croissance de l'accès au crédit peut ne pas se concrétiser si les taux de crédit restent plafonnés par des lois régissant l …
Persistent link: https://www.econbiz.de/10008791616
real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and … credit. The results are economically and statistically significant, and robust. …
Persistent link: https://www.econbiz.de/10008792016
adequacy constraint and the provisioning system, amplify credit fluctuations. Our finding is consistent with the bank capital … channel hypothesis, which means that poorly capitalized banks are constrained to expand credit. We also find that loan loss … provisions (LLP) made in order to cover identified credit losses (non discretionary LLP) amplify credit fluctuations. Indeed, non …
Persistent link: https://www.econbiz.de/10010750761
We investigate whether excess control rights of ultimate owners in pyramids affect banks' adjustment to their target capital ratio. When ultimate control rights and cash-flow rights are identical, banks increase their capital ratio by issuing equity and by reshuffling their assets without...
Persistent link: https://www.econbiz.de/10010821256
('non-micro' banks) influence credit risk. In particular, banks that have higher income from fiduciary activities have lower … credit risk. The impact is more pronounced during the post-crisis period. Our findings suggest that fiduciary activities … deposit accounts - do not appear to have any robust relationship with the quality of credit extended. Moreover, we find little …
Persistent link: https://www.econbiz.de/10010930225
In the context of rapid credit growth, the present paper investigates the supply side of the Serbian credit market. We … lending terms in Serbia. Findings from the survey suggest that the credit market is largely non-homogeneous and segmented, but …
Persistent link: https://www.econbiz.de/10010750795
We study the impact of asymmetric information in a general credit model where the default is triggered when a … progressive enlargement of fi ltrations usually adopted in the credit risk modelling, we also combine the results on initial …
Persistent link: https://www.econbiz.de/10010898449