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Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...
Persistent link: https://www.econbiz.de/10011108086
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit …-term adjustments in the ability of banks to transform money into credit do not matter in correcting inflation. This is most probably …
Persistent link: https://www.econbiz.de/10011111089
credit, registration of property, dealing with construction permits, and starting business have a significant impact on the …
Persistent link: https://www.econbiz.de/10012910879
The paper examines marketing patterns when interest and storage loss rates are greater in rural zones, representing informal sector storage usually on-farm, than in urban zones, representing formal sector storage off-farm. Empirical results indicate that divergences in interest and storage loss...
Persistent link: https://www.econbiz.de/10011212583
credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility … insurance or the complete consumer credit. The comparative static analysis of the saddle point of the utility function discovers …
Persistent link: https://www.econbiz.de/10011267888
in which the banks learn the central bank’s true model and adjust their credit policies to existing regulatory regime …. However this adjustment also creates changes in the choice of credit. …
Persistent link: https://www.econbiz.de/10011271323
The paper looks at the impact of the exchange rate regime and the household’s choice of debt. One of the characteristics of economic transition in eastern European countries was an increase in overall debt holding. Standard economic theory assumes the relationship S=I. According to this...
Persistent link: https://www.econbiz.de/10011259026
building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are …
Persistent link: https://www.econbiz.de/10011259157
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
The study examines the socio-economic factors discriminating defaulters and non-defaulters of credit repayment. Multi …
Persistent link: https://www.econbiz.de/10011259440