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Access to Banking Services and Poverty Reduction: A State-wise Assessment in India

Bhandari, Amit Kumar - Institute for the Study of Labor (IZA) - 2009

Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal financial systems. The most important part of financial...

Persistent link: https://www.econbiz.de/10005070421

Bringing Financial Literacy and Education to Low and Middle Income Countries: The Need to Review, Adjust, and Extend Current Wisdom

Holzmann, Robert - Institute for the Study of Labor (IZA) - 2010

This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high-income countries with...

Persistent link: https://www.econbiz.de/10008466447

The Responsiveness of Remittances to the Oil Price: The Case of the GCC

Naufal, George; Termos, Ali - Institute for the Study of Labor (IZA) - 2009

We investigate the responsiveness of remittances from the Gulf Cooperation Council (GCC) countries to the changes in … the price of crude oil. Most of the GCC countries rank in the top 20 remitting countries in the world. We find that oil … examine various policy implications with regard to macroeconomic shocks, monetary policy and fiscal policy of the GCC …

Persistent link: https://www.econbiz.de/10005039650

A Tacit Monetary Policy of the Gulf Countries: Is There a Remittances Channel?

Termos, Ali; Genc, Ismail H.; Naufal, George S - Institute for the Study of Labor (IZA) - 2015

The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of … result in a misalignment of the U.S. monetary policy with the business cycles of the GCC economies. The study shows how the … staggering amount of remittances outflow of the GCC economies plays a stabilizing role as a tacit monetary policy tool …

Persistent link: https://www.econbiz.de/10011202987

Bad Bank(s) and Recapitalization of the Banking Sector

Schäfer, Dorothea; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

Persistent link: https://www.econbiz.de/10008632733

Venture Capital Investment and Labor Market Performance: New Empirical Evidence for OECD Countries

Belke, Ansgar; Schaal, Andreas - Institute for the Study of Labor (IZA) - 2004

Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...

Persistent link: https://www.econbiz.de/10005822244

The Macroeconomics of Labor and Credit Market Imperfections

Wasmer, Etienne; Weil, Philippe - Institute for the Study of Labor (IZA) - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10005822324

The Advantage of Experienced Start-Up Founders in Venture Capital Acquisition: Evidence from Serial Entrepreneurs

Zhang, Junfu - Institute for the Study of Labor (IZA) - 2007

Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social connections than novice entrepreneurs. Such skills and social connections could give experienced founders some advantage in the process of raising venture capital. This paper uses a...

Persistent link: https://www.econbiz.de/10005763601

The Wider Economic Impacts of High-Skilled Migrants: A Survey of the Literature

Nathan, Max - Institute for the Study of Labor (IZA) - 2013

In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...

Persistent link: https://www.econbiz.de/10010796455

The Effects of Over-Indebtedness on Individual Health

Blázquez Cuesta, Maite; Budría, Santiago - Institute for the Study of Labor (IZA) - 2015

This paper uses data from the 2002-2005-2008 waves of the Spanish Survey of Household Finances (EFF) to investigate whether debts burdens hamper people's health. Several measures of debt strain are constructed, including debt-to-income ratios, the existence of debt arrears and amounts of...

Persistent link: https://www.econbiz.de/10011210822