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Marriage, Divorce and Interstate Risk Sharing
Halla, Martin; Scharler, Johann - 2021
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes …
Persistent link: https://www.econbiz.de/10013324925
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Credit Constraints and ProductiveEntrepreneurship in Africa
Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
Limited access of entrepreneurs to credit constrains the creation and growth of private firms.In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) dueto unclear property rights and the lack of assets that can be used as collateral. This paperpresents a...
Persistent link: https://www.econbiz.de/10009486997
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Business Cycle Effects of Credit and Technology Shocksin a DSGE Model with Firm Defaults
Pesaran, M. Hashem; Xu, TengTeng - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...
Persistent link: https://www.econbiz.de/10009522213
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Is There Discriminatory Mortgage Pricing Against Immigrants in the Spanish Lending Market?
Diaz-Serrano, Luis - 2011
In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage market exists. More specifically, we test whether, ceteris paribus, immigrant borrowers tend to be charged with higher interest rates on their mortgages than their Spanish born...
Persistent link: https://www.econbiz.de/10013128211
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Economic Governance of MFIs : Inside the Black Box
Arun, Thankom Gopinath - 2010
This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions (MFIs): poverty reduction and financial viability. Using an unbalanced panel of 531 MFIs the important role of other institutions such as country-level business registry...
Persistent link: https://www.econbiz.de/10013138487
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Detecting Mortgage Delinquencies
Askitas, Nikos - 2012
Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...
Persistent link: https://www.econbiz.de/10013114318
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Credit Constraints and Productive Entrepreneurship in Africa
Baliamoune-Lutz, Mina - 2011
Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...
Persistent link: https://www.econbiz.de/10013117196
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...
Persistent link: https://www.econbiz.de/10013119292
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The Value of Business Networks in Emerging Economies : An Analysis of Firms' External Financing Opportunities
Owolabi, Oluwarotimi Ayokunnu - 2011
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10013124471
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Access to Banking Services and Poverty Reduction : A State-Wise Assessment in India
Bhandari, Amit K. - 2013
Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the poorest sections of society. In India, financial inclusion emphasizes to include maximum number of people under formal financial systems. The most important part of financial...
Persistent link: https://www.econbiz.de/10013095977