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Conditional Lending Under Altruism
Mourmouras, Alex - 2004
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare …
Persistent link: https://www.econbiz.de/10014400281
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Should Subsidized Private Transfers Replace Government Social Insurance?
Fullenkamp, Connel - 2000
Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit...
Persistent link: https://www.econbiz.de/10014403504
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Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and Self-Interest
Melkonyan, Tigran A. - 2008
The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two...
Persistent link: https://www.econbiz.de/10014401824
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What is Different About Family Businesses?
Chami, Ralph - 2001
developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …
Persistent link: https://www.econbiz.de/10014399982
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Bank Ownership, Market Structure and Risk
De Nicoló, Gianni - 2007
This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the relationship between banks'' risk of failure, market structure, bank ownership, and banks'' screening and bankruptcy costs. These predictions are explored empirically using a panel of...
Persistent link: https://www.econbiz.de/10014400121
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Altruism and Workers' Remittances : Evidence From Selected Countries in the Middle East and Central Asia
Bouhga-Hagbe, Jacques - 2006
flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that ""altruism,"" as a … that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and …
Persistent link: https://www.econbiz.de/10014400396
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A Theory of Workers' Remittances with An Application to Morocco
Bouhga-Hagbe, Jacques - 2004
This paper provides a model on how altruism, ""attachment"" to the home country, and portfolio diversification may act … are their degrees of altruism and ""attachment"" to their home country, and should also depend on interest rate …
Persistent link: https://www.econbiz.de/10014404024
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The financial performance and macrofinancial implications of large state-owned enterprises in Sub-Saharan Africa
Wezel, Torsten; Carvalho, Naly - 2022
Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and...
Persistent link: https://www.econbiz.de/10013169959
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Governance and state-owned enterprises : how costly is corruption?
Baum, Anja; Hackney, Clay; Medas, Paulo; Sy, Mouhamadou - 2019
State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs...
Persistent link: https://www.econbiz.de/10012154817
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What drives the performance of selected MENA banks? : a meta-frontier analysis
Naceur, Sami Ben; Ben-Khedhiri, Hichem; Casu, Barbara - 2011
Persistent link: https://www.econbiz.de/10009487107