Showing 1 - 10 of 614
This paper analyzes the impact of introducing credit information-sharing systems on firms'access to finance. The … results reveal that credit bureau reforms, but not credit registry reforms, have a significant and robust effect on firm … financing. After the introduction of a credit bureau, the likelihood that a firm has access to finance increases, interest rates …
Persistent link: https://www.econbiz.de/10010938489
Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. However, customers have shown little demand for stand-alone insurance products. This paper theoretically and experimentally analyzes an innovative financial...
Persistent link: https://www.econbiz.de/10011249501
), they analyze the behavior of bond and equity flows to those countries. Using panel data, they find that global factors … that equity flows are more sensitive than bond flows to global factors, but that bond flows are generally more sensitive to … a country's credit rating and to the secondary market price of debt. …
Persistent link: https://www.econbiz.de/10005079515
The authors investigate whether firms'access to external financing, to fund growth differs between market-based, and bank-based financial systems. Using firm-level data for forty countries, they compute the proportion of firms in each country that relies on external finance, and examine how that...
Persistent link: https://www.econbiz.de/10005079516
Does risk perpetuate poverty in a credit-constrained economy? Jalan and Ravallion study portfolio and other behavioral …
Persistent link: https://www.econbiz.de/10005079517
The author evaluates the costs and benefits of debt and debt service reduction (DDSR) from the point of view of five countries that have concluded Brady deals: Costa Rica, Mexico, the Philippines, Uruguay, and Venezuela. He concludes that, contrary to widely held views, commercial banks have...
Persistent link: https://www.econbiz.de/10005079530
company-owned banks were among the highest-risk takers. Banks restructured after the 1997 crisis had excessive credit growth …
Persistent link: https://www.econbiz.de/10005079540
In the long run, sound, efficient securities markets can contribute to economic growth; in the short run, they play an important role in financial liberalization. The author provides a guide to issues involved in institutional and regulatory reform of securities markets - and a discussion of the...
Persistent link: https://www.econbiz.de/10005079542
interest rates, removing credit ceilings, and increasing competition among banks, Sri Lanka helped increase private sector … intermediation ratios, and expanded credit to the private sector. More important, the authors find a statistically significant …
Persistent link: https://www.econbiz.de/10005079548
The increased volatility of exchange rates, interest rates, and primary commodity prices over the past two decades has highlighted the importance for developing countries of managing these risks. Asset and liability management - a risk-management technique to systematically control price risks...
Persistent link: https://www.econbiz.de/10005079552