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Barriers to Household Risk Management : Evidence from India
Cole, Shawn Allen - 2012
Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. Demand is...
Persistent link: https://www.econbiz.de/10013098613
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New Zealand Banks' Vulnerabilities and Capital Adequacy
Jang, Byung Kyoon - 2013
The paper finds that, given New Zealand's conservative approach in implementing the Basel II framework, New Zealand banks' headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand's more conservative...
Persistent link: https://www.econbiz.de/10013085973
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Cyber Risk, Market Failures, and Financial Stability
Kopp, Emanuel - 2017
Cyber-attacks on financial institutions and financial market infrastructures are becomingmore common and more sophisticated. Risk awareness has been increasing, firms activelymanage cyber risk and invest in cybersecurity, and to some extent transfer and pool theirrisks through cyber liability...
Persistent link: https://www.econbiz.de/10012948520
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Finance and Employment in Developing Countries : The Working Capital Channel
Dao, Mai - 2017
main predictions of the model, and find strong evidence for the working capital channel of external finance on firm …
Persistent link: https://www.econbiz.de/10012947827
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Supporting Sustainable Financing and Access to Finance in Armenia
Atamanchuk, Maria; Tokuoka, Kiichi - 2023
(FDI) in private external financing has declined significantly over the past decade. Access to domestic finance in Armenia … FDI and examines the impediments to increasing access to domestic finance. The paper confirms empirically that governance … are reported among major challenges for increasing access to finance for firms in Armenia. This paper finds that to …
Persistent link: https://www.econbiz.de/10014258215
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Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans
Agca, Senay - 2013
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic...
Persistent link: https://www.econbiz.de/10013086310
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Banks, Firms, and Jobs
Berton, Fabio - 2017
We analyze the employment effects of financial shocks using a rich data set of job contracts,matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The...
Persistent link: https://www.econbiz.de/10012960568
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Household Leverage and the Recession
Jones, Callum - 2018
We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes...
Persistent link: https://www.econbiz.de/10012910353
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Resolving China's Corporate Debt Problem
Maliszewski, Wojciech S. - 2016
Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality...
Persistent link: https://www.econbiz.de/10012977762
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Natural Disasters : Mitigating Impact, Managing Risks
Laframboise, N. - 2012
This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided...
Persistent link: https://www.econbiz.de/10013098564