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There has been a dramatic change in the division of responsibility betweenthe state and the private sector for the delivery of public goods and services inrecent years with an increasing trend toward contracting out to the private sectorand “public-private partnerships.” This paper analyzes...
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The well-known inverse relationship between farm size and productivity is usually explained in terms ofdiminishing returns with respect to land and other inputs coupled with various types of market frictions thatprevent the efficient allocation of land across farms. We show that even in the...
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bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …
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length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …
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[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...
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[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that …
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