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The Chicago Plan Revisited
Kumhof, Michael; Benes, Jaromir - International Monetary Fund (IMF) - 2012
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving...
Persistent link: https://www.econbiz.de/10010790425
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A Model of the Imf As a Coinsurance Arrangement
Chami, Ralph; Shim, Ilhyock; Sharma, Sunil - International Monetary Fund (IMF) - 2004
The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into the global financial system. The operation of the coinsurance arrangement is examined under...
Persistent link: https://www.econbiz.de/10005264158
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A THEORY OF PREDICTABLE EXCESS RETURNS IN REAL ESTATE.
SPIEGEL, M.; STRANGE, W. - Graduate School of Business, Columbia University - 1989
Persistent link: https://www.econbiz.de/10005776743
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Economic Growth and Integration in Central America
Schipke, Alfred; Desruelle, Dominique - International Monetary Fund (IMF) - 2007
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924
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Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment
Cason, Timothy N.; Gangadharan, Lata; Maitra, Pushkar - Krannert School of Management, Purdue University - 2008
Most problems with formal sector credit lending to the poor in developing countries can be attributed to the lack of information and inadequate collateral. One common feature of successful credit mechanisms is group-lending, where the loan is advanced to an individual if he/she is a part of a...
Persistent link: https://www.econbiz.de/10005786822
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Moral Hazard and Limited Liability in the Market for Loans: Credit Restriction Versus Credit Rationing
Banerjee, Anindya; Besley, Timothy J. - C.E.P.R. Discussion Papers - 1988
This paper develops a model of equilibrium in the market for loans. It focuses on the effects on equilibrium of (i …
Persistent link: https://www.econbiz.de/10005792003
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Country risk
Sargen, Nicholas - In: FRBSF Economic Letter (1977)
Persistent link: https://www.econbiz.de/10005346612
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Current topics: district bank performance; modeling complex products; student loans; the expansion of vendor management risk; consumer financial protection bureau issues final rule...
In: Risk Perspectives (2013)
The Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends on an on-going basis …. This Risk Perspectives newsletter is designed to highlight a few current risk topics and some potential risk topics on the … list of the current or potential risk topics and should not be relied upon as such. We encourage each of our supervised …
Persistent link: https://www.econbiz.de/10010726156
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SOVEREIGN DEBT RENEGOTIATION IN A CONSUMPTION-SMOOTHING MODEL.
KLETZER, K.M.; WRIGHT, B.D. - Economic Growth Center, Economics Department - 1990
Persistent link: https://www.econbiz.de/10005487249
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What's in a Default? Lending to LDCs in the Face of Default Risk.
Easton, S-T; Rockerbie, D-W - Department of Economics, Simon Fraser University - 1996
This paper develops an expected profit maximizing framework for characterizing the default risk associated with … international lending during the early and mid-1980's. We identify the risk of default as associated with arrears in payments rather …
Persistent link: https://www.econbiz.de/10005597122