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How Successful are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India
Bhaumik, Sumon K. - 2016
success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument …
Persistent link: https://www.econbiz.de/10012988130
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Investor Protection and the Value of Shares : Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia
Muravyev, Alexander - 2010
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10013149514
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Financial Dependence, Formal Credit, and Informal Jobs : New Evidence from Brazilian Household Data
Catão, Luis - 2010
This paper examines a much overlooked link between credit markets and formalization: Since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if...
Persistent link: https://www.econbiz.de/10013149942
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The Interplay Among Savings Accounts and Network-Based Financial Arrangements : Evidence from a Field Experiment
Comola, Margherita; Prina, Silvia - 2023
This paper studies how formal financial access affects network-based financial arrangements. We use a field experiment that granted access to a savings account to a random subset of households in 19 Nepalese villages. Exploiting a unique panel dataset that follows all bilateral informal...
Persistent link: https://www.econbiz.de/10014349666
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Banks and Innovation : Microeconometric Evidence on Italian Firms
Benfratello, Luigi - 2014
In this paper we investigate the effect of local banking development on firms' innovative activities, using a rich data set on innovation for a large number of Italian firms over the 1990's. There is evidence that banking development affects the probability of process innovation, particularly...
Persistent link: https://www.econbiz.de/10012752497
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Monitoring Costs, Credit Constraints and Entrepreneurship
Banerji, Sanjay - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
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Loan Regulation and Child Labor in Rural India
Dasgupta, Basab - 2014
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …
Persistent link: https://www.econbiz.de/10013065087
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Access to Banking Services and Poverty Reduction : A State-Wise Assessment in India
Bhandari, Amit K. - 2013
poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal …
Persistent link: https://www.econbiz.de/10013095977
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Recovery Performance of Primary Agriculture Credit Societies in India : An Assessment
Mazumder, Rabin - 2014
credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India … Bank of India in collaboration with State Governments …
Persistent link: https://www.econbiz.de/10013051022
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Should Easier Access to International CreditReplace Foreign Aid?
Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
We examine the interaction between foreign aid and binding borrowing constraint for arecipient country. We also analyze how these two instruments affect economic growth vianon-linear relationships. First of all, we develop a two-country, two-period trade-theoreticmodel to develop testable...
Persistent link: https://www.econbiz.de/10009522214