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can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …
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analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on …
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The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10013071385
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We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard …
Persistent link: https://www.econbiz.de/10013315858
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A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over … time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change … decades, banking crises and sovereign defaults became they key focus since the 1980s. Around this time, the IMF shifted from …
Persistent link: https://www.econbiz.de/10013000216