Showing 1 - 10 of 1,029
Access to finance by the poor is a sine qua non for poverty reduction through economic development thereby driving inclusive growth which can further lead to sustainable growth. This study using adequate data covering pre and postliberalisation period from 1974-75 to 2007-08 in the Indian...
Persistent link: https://www.econbiz.de/10011259337
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353
For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...
Persistent link: https://www.econbiz.de/10008855257
This paper conducts a quantitative analysis of the role of financial shocks and credit frictions affecting the banking … variables in the U.S. banking sector: (i) Bank credit, deposits and loan spread are less volatile than output, while net worth … and leverage ratio are more volatile, (ii) bank credit and net worth are procyclical, while deposits, leverage ratio and …
Persistent link: https://www.econbiz.de/10011109429
This paper discusses the existence of a bubble in the pricing of an asset that pays positive dividends. I show that rational bubbles can exist in a growing economy. The existence of bubbles depends on the relative magnitudes of risk aversion to consumption and to wealth. Furthermore, I examine...
Persistent link: https://www.econbiz.de/10011109816
This paper attempts to provide an economic interpretation of the factors that drive the movements of interest rates of bonds of different maturities in a continuous-time no arbitrage term structure model for Chile. The dynamics of yields in the model are explained by two latent factors, namely...
Persistent link: https://www.econbiz.de/10005789515
This paper studies a competitive general equilibrium model with default and endogenous collateral constraints. Even though all collateralized contracts are allowed, the possibility and desirability of trade in spot markets (or the equivalent trade in ex ante asset backed securities) creates...
Persistent link: https://www.econbiz.de/10008552792
sector and those of credit spread. I find that (i) liabilities and equity are procyclical, leverage ratio is acyclical, and … credit spread is countercyclical, (ii) financial variables are three to ten times more volatile than output, and (iii …
Persistent link: https://www.econbiz.de/10008765908
established that private banks and foreign banks have advantages in terms of their efficiencies in better credit management in …
Persistent link: https://www.econbiz.de/10011108331