Similar Search Results

Cooperative and Islamic banks : what can they learn from each other?

Al-Muharrami, Saeed; Hardy, Daniel C. L. - 2013

Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and downside risk with depositors. Islamic banking is...

Persistent link: https://www.econbiz.de/10012667506

Cooperative Banks in Europe : Policy Issues

Fonteyne, Wim - 2007

This paper explains the continuing success of European cooperative banks through evolving comparative advantages. It points out that a cooperative is built around an intergenerational endowment without final owners, which creates particular governance challenges. Risks include the use of the...

Persistent link: https://www.econbiz.de/10014400126

Cooperative Banks and Financial Stability

Cihák, Martin - 2007

Cooperative banks are an important, and growing, part of many financial systems. This paper empirically analyzes the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This...

Persistent link: https://www.econbiz.de/10014400786

The Reform of Italian Cooperative Banks : Discussion of Proposals

Gutiérrez, Eva - 2008

This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time of distress, complicating the bank resolution process ?specially for large banks?and may not provide adequate incentives to control banks'' management. Reforms should preserve...

Persistent link: https://www.econbiz.de/10014401640

Growth and Convergence in a Two-Region Model : The Hypothetical Case of Korean Unification

Funke, Michael - 2002

The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that they reflect the observed features of the North and South Korean economies....

Persistent link: https://www.econbiz.de/10014398452

China's Provincial Growth Dynamics

Aziz, Jahangir - 2001

China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its provinces. This paper finds that, while per capita income of poor provinces are catching up with those in the rich, the relative income distribution appears to be stratifying into a...

Persistent link: https://www.econbiz.de/10014403618

Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis : An Assessment

Engmann, Dorothy - 2003

This paper evaluates the impact of the sociopolitical crisis in Côte d''Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic...

Persistent link: https://www.econbiz.de/10014403896

Regional Convergence and the Role of Federal Transfers in Canada

Swagel, Phillip - 2003

Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...

Persistent link: https://www.econbiz.de/10014403949

Russia's Regions : Income Volatility, Labor Mobility and Fiscal Policy

Kwon, Goohoon - 2005

Russia''s regions are heavily exposed to regional income shocks because of an uneven distribution of natural resources and a Soviet legacy of heavily skewed regional specialization. Also, Russia has a limited mobility of labor and lacks fiscal instruments to deal with regional shocks. We assess...

Persistent link: https://www.econbiz.de/10014404223

Japan’s Corporate Income Tax : Facts, Issues and Reform Options

Mooij, Ruud A. de - 2014

This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth …. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand … and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan …

Persistent link: https://www.econbiz.de/10014411442