Showing 1 - 10 of 73
aspects act as an impediment to credit control. The Executive Board expects restructuring of financial policies in government …
Persistent link: https://www.econbiz.de/10011244991
nongovernment organizations contribute to the sound development of the sector, supported by regulation and supervision by local …
Persistent link: https://www.econbiz.de/10005263661
This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...
Persistent link: https://www.econbiz.de/10008560432
entrepreneurs innovate—in the Schumpeterian sense—in order to bring about structural changes in the economy. The conclusion …
Persistent link: https://www.econbiz.de/10005825901
Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance …
Persistent link: https://www.econbiz.de/10005768989
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can … uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities … open up entrepreneurs increase saving to finance the investment that produces growth. The key insight is that saving has to …
Persistent link: https://www.econbiz.de/10008519499
the competition among entrepreneurs (“intensive growth”). As a result, the growth rate could be increasing in the middle …
Persistent link: https://www.econbiz.de/10005605049
pervasiveness of credit support measures. This paper argues that to encourage the supply of risk-based capital, costly government …
Persistent link: https://www.econbiz.de/10010790387
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and...
Persistent link: https://www.econbiz.de/10008646413