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exchange-rate devaluations at the time of the monetary reform …
Persistent link: https://www.econbiz.de/10012475071
Despite advances in transactions technologies, paper currency still constitutes a notable percentage of the money supply in most countries. For example, it constitutes roughly 10% of the US Federal Reserve's main monetary aggregate, M2. Yet, it has important drawbacks. First, it can help...
Persistent link: https://www.econbiz.de/10012458538
How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank formation and balance sheet expansion (especially by new...
Persistent link: https://www.econbiz.de/10012480811
Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...
Persistent link: https://www.econbiz.de/10012453239
We examine whether returns to capital are higher for farmers who borrow than for those who do not, a direct implication of many credit market models. We measure the difference in returns through a two-stage loan and grant experiment. We find large positive investment responses and returns to...
Persistent link: https://www.econbiz.de/10012458279
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
Persistent link: https://www.econbiz.de/10002545132
Pensions and contemporary socioeconomic change / Assar Lindbeck -- Different approaches to pension reform from an … economic point of view / Jonathan Gruber, David A. Wise -- Labor mobility, redistribution, and pension reform in Europe / Alain … pension system: status quo and reform options / Bert Rurup -- Swedish pension reform: how did it evolve, and what does it mean …
Persistent link: https://www.econbiz.de/10001629344
Persistent link: https://www.econbiz.de/10001476940
system, the rise of managed care in the 1990s may affect the relationship between liability reform and defensive medicine. In … this paper, we assess empirically the extent to which managed care and liability reform interact to affect the cost of care …
Persistent link: https://www.econbiz.de/10012471238