Showing 1 - 10 of 289
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10012472488
This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced …
Persistent link: https://www.econbiz.de/10012471681
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/10012459502
We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an overall catch quota to a voluntary cooperative, with the...
Persistent link: https://www.econbiz.de/10012462317
We are concerned with the design of a constitution for a firm -- an ex ante contract which assigns residual rights of control (and possibly residual income rights) without reference to the issue to be decided. We focus attention on two polar constitutions: nonprofit cooperatives and outside...
Persistent link: https://www.econbiz.de/10012472387
This paper argues that worker cooperatives are prone to redistribution among members, and that this redistribution distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital contribution to purchase equipment. They then receive...
Persistent link: https://www.econbiz.de/10012472696
macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …
Persistent link: https://www.econbiz.de/10012471046
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign …. Overall, these findings suggest that bank health, and not ownership per se, is the critical element in the growth, volatility …, and cyclicality of bank credit. Diversity in ownership appears to contribute to greater stability of credit in times of …
Persistent link: https://www.econbiz.de/10012471047
We test three hypotheses regarding changes in supervisory toughness' and their effects on bank lending. The data …, affected bank lending. However, all of the measured effects are small, with 1% or less of loans receiving harsher or easier … classification, about 3% of banks receiving better or worse CAMEL ratings, and bank lending being changed by 1% or less of assets …
Persistent link: https://www.econbiz.de/10012471072
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock … events in countries experiencing a crisis. The paper uses the impact of the LTCM crisis on bank stock prices to put the …
Persistent link: https://www.econbiz.de/10012471245