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This paper examines how unhedged currency exposure of firms varies with changes in currency exibility. A sequence of four time-periods with alternating high and low currency volatility in India provides a natural experiment in which changes in currency exposure of a panel of firms is measured,...
Persistent link: https://www.econbiz.de/10005017993
In this paper, a new framework for analyzing corruption in public bureaucracies is provided. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. An...
Persistent link: https://www.econbiz.de/10010543505
A reduced form model where banks can pursue other goals than profit maximization is presented. This allows us to test for behavioral changes of banks over time. This model provides a framework to evaluate whether moral hazard issues may plague banks receiving state aid, which concerns greatly...
Persistent link: https://www.econbiz.de/10008594110
The credit market implications and real effects of one the largest borrower bailout programs in history are studied, enacted by the government of India against the backdrop of the 2008–2009 financial crisis. The stimulus program had no effect on productivity, wages or consumption, but led...
Persistent link: https://www.econbiz.de/10011133197
In 2007, the state of Andhra Pradesh in southern India began rolling out the Aarogyasri health insurance to reduce …:[http://www.cgdev.org/files/1426275_file_Fan_Karanb_Mahald_state_health_insurance_FINAL.pdf] …
Persistent link: https://www.econbiz.de/10010945315
Budget presented by Shri Prasanna Acharya. The first part contains the Agriculture Budget.
Persistent link: https://www.econbiz.de/10010945360
Poverty needs to be measured taking into account OOP spending, since health spending is also now viewed as an essential expenditure that enhances welfare like food and other necessities. [Paper presented for consideration of the Expert Group on Poverty, Planning Commission]....
Persistent link: https://www.econbiz.de/10010945518
expenditure and examine the impact of health insurance on probability of incurring catastrophic health expenditure. The study is … examine the impact of health insurance on catastrophic health care payments for six Indian states.[IGIDR WP -2008-016]. …
Persistent link: https://www.econbiz.de/10005341722
insurance framework and econometric modeling is carried out using binary outcomes and multivariate probit estimation through GHK …
Persistent link: https://www.econbiz.de/10008515134
The government of India started offering widespread crop in insurance in 1985, with the Comprehensive Crop Insurance … Scheme. The CCIS has been replaced by the National Agriculture Insurance Scheme. The NAIS is considered to be an improvement … insurance has proved to be a failure worldwide, but India seems to have ignored both its own failure and the failure of other …
Persistent link: https://www.econbiz.de/10008543104