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Cambodia has recorded both rapid economic growth and macroeconomic stability in recent decades despite (or thanks to) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes and estimating seigniorage losses. As an attempt to...
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adverse implications for the cost and availability of credit …
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"The rapid rise in food prices has been a burden on the poor in developing countries, who spend roughly half of their household incomes on food. This paper examines the factors behind the rapid increase in internationally traded food prices since 2002 and estimates the contribution of various...
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highlight that information spillovers between lenders may operate outside credit registries …
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-up in lending flows to the private sector, rendering the recovery credit-less. This paper uses data on output and credit to … study the relative roles of demand and supply drivers of credit growth during economic recoveries on a sample of advanced … and emerging countries between 1980 and 2014. Using a simple endowment economy model, the paper shows that credit …
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This paper studies loan conditions in a context where private banks can operate in two credit markets: a free … credit to firms that are ex ante more difficult to lock-in in the free-market-larger firms in more contested regions. The … paper highlights a novel channel whereby earmarked credit is used by private banks to extract more rents. Once a firm …
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