We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance … medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …

This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations …

international finance is what is insurance and where does insurance end?' This paper aims to elaborate on the economics of insurance … and its borders with general finance. It argues that the classification challenge by regulators partly stems from … terminological confusion between insurance activities and more general financial activities. Insurance and finance both use the same …

We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …