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q<sup>5</sup>
Hou, Kewei - 2018
In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...
Persistent link: https://www.econbiz.de/10012453011
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Deputization
Carlin, Bruce I. - 2020
A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...
Persistent link: https://www.econbiz.de/10012481808
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The IMF in a World of Private Capital Markets
Eichengreen, Barry - 2005
The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination, while bonds...
Persistent link: https://www.econbiz.de/10012467487
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Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
Grada, Cormac O. - 2002
Using records of the bank accounts of individual depositors, this paper provides a detailed microeconomic analysis of two nineteenth century banking panics. The panics of 1854 and 1857 were not characterized by an immediate mass panic of depositors and had important time dimensions. We examine...
Persistent link: https://www.econbiz.de/10012469859
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Whither the World Bank and the IMF?
Krueger, Anne O. - 1997
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to mark the occasion and to consider, often critically roles and performance. This paper reviews the functions of the two institutions in light of their" evolution over the past...
Persistent link: https://www.econbiz.de/10012472488
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Why is there Multilateral Lending?
Rodrik, Dani - 1995
Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10012473722
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Blended Finance
Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2024
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of private capital, little is known about this practice. In...
Persistent link: https://www.econbiz.de/10014512141
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The Structure and Conduct of Corporate Lobbying : How Firms Lobby the Federal Communications Commission
de Figueiredo, John M. - 2000
lobbying (internal organization vs. trade association) by firms in administrative agencies. It explores the power and … limitations of the collective action theories and transaction cost theories in explaining lobbying. It introduces a dataset of … over 900 lobbying contacts cover 101 issues at the Federal Communications Commission (FCC) in early 1998. We find that the …
Persistent link: https://www.econbiz.de/10012471024
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The Pace of Progress at Superfund Sites : Policy Goals and Interest Group Influence
Sigman, Hilary - 2000
Bureaucracies may set priorities for their workload according to social goals or the desires of concentrated private interests. This paper explores bureaucratic priorities empirically by studying Superfund, the federal program for cleaning up contaminated sites. It examines the amount of time...
Persistent link: https://www.econbiz.de/10012471057
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Obstacles to Optimal Policy : The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms
Kroszner, Randall S. - 2000
This paper provides a positive political economy analysis of the most important revision of the U.S. supervision and regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We analyze the impact of private interest groups as well as...
Persistent link: https://www.econbiz.de/10012471187