Showing 1 - 10 of 553
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/10012471681
How do banks respond to asset booms? This paper examines i) how U.S. banks responded to the World War I farmland boom; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank formation and balance sheet expansion (especially by new...
Persistent link: https://www.econbiz.de/10012480811
religion and caste of bank officers and borrowers from a bank in India, and a rotation policy that induces exogenous matching …
Persistent link: https://www.econbiz.de/10012460563
We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that …
Persistent link: https://www.econbiz.de/10013435119
The following paper describes the emergence of cooperative mortgage credit associations, called "Landschaften" in 18th … recourse, cooperative structure, joint liability, and local administration to overcome asymmetric information problems related …
Persistent link: https://www.econbiz.de/10012459502
Large and regular seasonal price fluctuations in local grain markets appear to offer African farmers substantial inter-temporal arbitrage opportunities, but these opportunities remain largely unexploited: small-scale farmers are commonly observed to "sell low and buy high" rather than the...
Persistent link: https://www.econbiz.de/10012453239
We examine whether returns to capital are higher for farmers who borrow than for those who do not, a direct implication of many credit market models. We measure the difference in returns through a two-stage loan and grant experiment. We find large positive investment responses and returns to...
Persistent link: https://www.econbiz.de/10012458279
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
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10012462317
case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not because the rent …'s preferences may not reflect average preferences. Second, in the case where the members of a cooperative have common preference …
Persistent link: https://www.econbiz.de/10012472387