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Lending Booms, Reserves, and the Sustainability of Short-Term Debt : Inferences from the Pricing of Syndicated Bank Loans
Eichengreen, Barry - 2000
This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan-extension and pricing decisions as jointly determined. Compared to the bond market, our findings highlight the role of international banks in providing credit to smaller borrowers...
Persistent link: https://www.econbiz.de/10012788956
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Lending to Lemons : Landschafts-Credit in 18th Century Prussia
Wandschneider, Kirsten - 2013
The following paper describes the emergence of cooperative mortgage credit associations, called "Landschaften" in 18th century Prussia, and thereby tells the history of mortgage-covered bonds. Landschaften facilitated the refinancing of loans for Prussian estates by issuing covered bonds...
Persistent link: https://www.econbiz.de/10013079769
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Beyond Happiness and Satisfaction : Toward Well-Being Indices Based on Stated Preference
Benjamin, Daniel J. - 2012
This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a...
Persistent link: https://www.econbiz.de/10013100684
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Lock-Downs, Loneliness and Life Satisfaction
Hamermesh, Daniel - 2020
Using the 2012-13 American Time Use Survey, I find that both who people spend time with and how they spend it affect their happiness, adjusted for numerous demographic and economic variables. Satisfaction among married individuals increases most with additional time spent with spouse. Among...
Persistent link: https://www.econbiz.de/10012836424
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Satisfaction Guaranteed : When Moral Hazard Meets Moral Preferences
Andreoni, James - 2017
Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law when compliance with contracts is imperfectly...
Persistent link: https://www.econbiz.de/10012957379
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Quantifying Equilibrium Network Externalities in the Ach Banking Industry
Ackerberg, Daniel A. - 2010
We seek to determine the causes and magnitudes of network externalities for the automated clearinghouse (ACH) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the parameters of the model using an indirect inference...
Persistent link: https://www.econbiz.de/10012760684
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Exit, Tweets and Loyalty
Gans, Joshua S. - 2017
Hirschman's Exit, Voice, and Loyalty highlights the role of “voice” in disciplining firms for low quality. We develop a formal model of voice as a relational contact between firms and consumers and show that voice is more likely to emerge in concentrated markets. We test this model using...
Persistent link: https://www.econbiz.de/10012965424
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The Service Sector as India's Road to Economic Growth
Eichengreen, Barry - 2011
While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
Persistent link: https://www.econbiz.de/10013130492
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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973
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The Redistributive Effects of Political Reservation for Minorities : Evidence from India
Chin, Aimee - 2010
assemblies in India generated by national policies that cause reservations to be revised and the time lags with which revised …
Persistent link: https://www.econbiz.de/10013136544