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Target Setting and Allocative Inefficiency in Lending : Evidence from Two Chinese Banks

Cao, Yiming - 2018

We study the consequences of month-end lending incentives for Chinese bank managers. Using data from two banks, one state-owned and the other partially privatized, we show a clear increase in lending in the final days of each month, a result of both more loan issuance and higher value per loan....

Persistent link: https://www.econbiz.de/10012911690

Housing and the Macroeconomy : The Role of Bailout Guarantees for Government Sponsored Enterprises

Jeske, Karsten - 2015

This paper evaluates the macroeconomic and distributional effects of government bailout guarantees for Government Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with heterogeneous, infinitely lived households and...

Persistent link: https://www.econbiz.de/10013037535

Government Ownership of Banks

La Porta, Rafael - 2001

In this paper, we investigate a neglected aspect of financial systems of many countries around the world: government ownership of banks. We assemble data which establish four findings. First, government ownership of banks is large and pervasive around the world. Second, such ownership is...

Persistent link: https://www.econbiz.de/10012788106

Estimating the Impact of Microcredit on Those Who Take it Up : Evidence from a Randomized Experiment in Morocco

Crepon, Bruno - 2014

Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in …

Persistent link: https://www.econbiz.de/10013052669

Happiness on Tap : Piped Water Adoption in Urban Morocco

Devoto, Florencia - 2014

We study the demand for household water connections in urban Morocco, and the effect of such connections on household …

Persistent link: https://www.econbiz.de/10013068296

Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis

Eskeland, Gunnar S.; Harrison, Ann E. - 2021

This paper presents evidence on whether multinationals are flocking to developing country 'pollution havens'. Although we find some evidence that foreign investors locate in sectors with high levels of air pollution, the evidence is weak at best. We then examine whether foreign firms pollute...

Persistent link: https://www.econbiz.de/10013233217

Financial Literacy, Information, and Demand Elasticity : Survey and Experimental Evidence from Mexico

Hastings, Justine S. - 2010

We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...

Persistent link: https://www.econbiz.de/10012758108

Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales

Calomiris, Charles W. - 2010

contrast to the quot;privatization premiumquot; found in earlier work, we find a negative effect of government ownership on …, suggesting that personal ties can substitute for the benefits of government ownership. The quot;privatization discountquot; is … with relatively high welfare payments to employees, which presumably would fall with privatization, benefit …

Persistent link: https://www.econbiz.de/10012759554

Testing Limits to Policy Reversal : Evidence from Indian Privatizations

Dastidar, Siddhartha - 2010

We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …

Persistent link: https://www.econbiz.de/10012759805

Contracting for Government Services : Theory and Evidence from U.S. Cities

Levin, Jonathan - 2010

Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...

Persistent link: https://www.econbiz.de/10012759893