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An attempt is made to identify the determinants of yield spreads between the State and Central government securities in a panel data framework as has been used in several cross-country studies. This study examines the potential impact of fiscal as well as market related factors on the yield...
Persistent link: https://www.econbiz.de/10009323729
between aid inflows and the public sector borrowing requirement net of aid loans. After examining the public sector budget … constraint and various conditions under which aid might lead to an increase in this borrowing, the paper surveys the empirical … consistent with aid leading to increases in this borrowing. Further investigation, in the form of econometric analysis of panel …
Persistent link: https://www.econbiz.de/10008727210
The objective of this report is to share a market level overview of the early stage progress of (Mobile Financial Services) MFS in Bangladesh up through the first quarter of 2012. A series of short surveys and discussions with ten banks and four (Mobile Network Operator) MNOs, plus interviews...
Persistent link: https://www.econbiz.de/10010567990
What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which dissuade the firms to raise finance from this avenue. Policies that ensure better production of...
Persistent link: https://www.econbiz.de/10010568000
This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of goods that gen- erate positive utility for the self that consumes them, but not for any previous...
Persistent link: https://www.econbiz.de/10008505784
In this paper, the effects of introducing constraints on government borrowing have been examined by using a continuous …
Persistent link: https://www.econbiz.de/10008465103
Budget speech by finance minister Dr. Thomas Issac
Persistent link: https://www.econbiz.de/10005487829
This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it is controlled for credit risk, monetary policy and potential maturity mismatches. It is found...
Persistent link: https://www.econbiz.de/10009493965
This paper examines the effects of international income transfers on welfare and capital accumulation in a one-sector overlapping generations model. It is shown that a strong form of the transfer paradox-- in which the donor country experiences a welfare gain while the recipient country...
Persistent link: https://www.econbiz.de/10008642451
intensify poverty for girls and women over the life-course. Girls’ vulnerabilities in relation to poverty dynamics are …
Persistent link: https://www.econbiz.de/10008677809