Showing 1 - 10 of 44
Few micro…nance-funded businesses grow beyond subsistence entrepreneur-ship. This paper considers one possible explanation: that the structure ofexisting micro…nance contracts may discourage risky but high-expected returninvestments. To explore this possibility, I develop a theory that uni…es...
Persistent link: https://www.econbiz.de/10008845708
This paper investigates the relationship between inflation uncertainty and the investmentdecisions of small, micro…finance-funded …firms in the Dominican Republic. An extensive literature documents the array of opposing factors linking inflation uncertainty and investment;ultimately this...
Persistent link: https://www.econbiz.de/10008860680
This paper uses a unique data set on more than 600,000 mortgagecontracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modeled using quantile regressions. Wepropose an instrumental variable approach in which changes in the taxtreatment of housing...
Persistent link: https://www.econbiz.de/10009248804
As derivatives markets have grown, thescope of financial intermediation hasevolved beyond credit intermediation tocover a wide variety of risks. Financialderivatives allow dealers to intermediate the risk managementneeds of their customers by unbundling customerexposures and reallocating them...
Persistent link: https://www.econbiz.de/10005870101
two similar-sized banks operating in the Netherlands in the 1920s: the Amsterdamsche Bank and the Rotterdamsche … Bankvereeniging. Whilst the first escaped the crisis relatively unscathed, the second required assistance from the Nederlandsche Bank …, the Dutch central bank. A new and detailed narrative of one episode of the crisis using as yet unused primary sources is …
Persistent link: https://www.econbiz.de/10005870562
On 5 December 1925, the ‘Portuguese Bank Note Bubble’ burst. The Lisbon daily newspaper, O Século (The Century … English security printing company Waterlow and Sons that he was a representative of the Bank of Portugal, and created his own … bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
One of the most significant changes in the labour market in the twentieth century was the rise of the internal labour market. Its origins can be found in the nineteenth century, particularly in the large service companies such as banks and the railway companies. By studying the internal labour...
Persistent link: https://www.econbiz.de/10005870747
Indian states. In addition, the enforcement ofdirected bank lending requirements was associated with increased bankborrowing …
Persistent link: https://www.econbiz.de/10009248838
The 1990s were characterized by substantial financial sectorconsolidation across a large number of industrializedcountries...
Persistent link: https://www.econbiz.de/10005869393
, centralbanks have made extensive use of both new and existing toolsfor supplying central bank money to financial institutions …
Persistent link: https://www.econbiz.de/10005869394