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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 …
Persistent link: https://www.econbiz.de/10003983213
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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/10010223077
of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the …
Persistent link: https://www.econbiz.de/10009786228
The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance-growth-inequality "nexus" in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study attempts to...
Persistent link: https://www.econbiz.de/10011952114
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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/10009621724
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