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Mishkin, Frederic S. - 2021

This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...

Persistent link: https://www.econbiz.de/10013225947

Latin America and East Asia in the Context of an Insurance Model of Currency Crises

Chinn, Menzie David; Dooley, Michael P.; Shrestha, Sona - 2021

This paper focuses on the 1995 Latin American and 1997 East Asian crises using an insurance-based model of financial crises. First the model of Dooley (forthcoming) is described. Second, some empirical evidence for an insurance model is presented. The key variables in this approach include the...

Persistent link: https://www.econbiz.de/10013227499

Alternative Estimates of Productivity Growth in the Nics : a Comment on the Findings of Chang-Tai Hsieh

Young, Alwyn - 2021

Dual estimates of productivity growth by Chang-Tai Hsieh have raised questions about the accuracy of the East Asian national accounts, suggesting that productivity growth in the NICs, particularly Singapore, may have been substantially higher than previously estimated. This paper shows that once...

Persistent link: https://www.econbiz.de/10013240951

Is an Integrated Regional Labor Market Emergin in East and Southeast Asia?

Bloom, David E.; Noor, Waseen - 2021

We examine labor market integration in east and southeast Asia (ESEA) during the 1980s, focusing on intraregional labor mobility and on the two other main channels of integration: capital mobility and trade. We find evidence that labor market integration increased sharply among ESEA countries in...

Persistent link: https://www.econbiz.de/10013246282

International Capital Inflows, Domestic Financial Intermediation and Financial Crises Under Imperfect Information

Chinn, Menzie David; Kletzer, Kenneth - 2021

A model of financial crises in emerging markets based on problems of agency in financial intermediation is developed. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in an endogenous growth model. As a consequence of loan...

Persistent link: https://www.econbiz.de/10013248678

The Credit Crunch in East Asia : What Can Bank Excess Liquid Assets Tell Us?

Agénor, Pierre-Richard - 2004

The paper proposes a two-step approach to assessing the extent to which the fall in credit in crisis-stricken East Asian countries was a supply- or demand-induced phenomenon. The first step is based on the estimation of a demand function for excess liquid assets by commercial banks. Such a...

Persistent link: https://www.econbiz.de/10012786267

Antitrust Treatment of Nonprofits : Should Hospitals Receive Special Care?

Capps, Cory S. - 2017

nonprofit hospitals depends on the link between market power and charity care provision. To test the link, we use three measures … of charity care—two dollar-denominated and one based on service volume—to study charity care provision by for-profit and … evidence that nonprofit hospitals are more likely than for-profit hospitals to provide more charity care, or to offer more …

Persistent link: https://www.econbiz.de/10012963743

Impure Impact Giving : Theory and Evidence

Hungerman, Daniel M. - 2018

We present a new model of charitable giving where individuals regard out-of-pocket donations and the matches they induce as different. We show that match-price elasticities combine conventional price effects with the strength of warm-glow, so that a match-price elasticity alone is insufficient...

Persistent link: https://www.econbiz.de/10012912172

High-Capacity Donors’ Preferences for Charitable Giving

Alston, Mackenzie - 2018

How can charities solicit high-capacity donors to provide the funds for matching grants and leadership gifts? In conjunction with one of Texas A&M University's fundraising organizations, we conducted a field experiment to study whether high-income donors respond to non-personal solicitations, as...

Persistent link: https://www.econbiz.de/10012907450

Faith-Based Charity and Crowd Out During the Great Depression

Gruber, Jonathan; Hungerman, Daniel M. - 2021

Interest in religious organizations as providers of social services has increased dramatically in recent years. Churches in the U.S. were a crucial provider of social services through the early part of the twentieth century, but their role shrank dramatically with the expansion in government...

Persistent link: https://www.econbiz.de/10013222991