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Essays on Migration and Agricultural Development
Gonzalez Velosa, Carolina - 2011
The economic consequences of international migration have spurred vigorous debates among policy makers. There also are … economies and development economists having dissenting views about the impact of emigration and remittances on source countries … local agricultural economies adapted their crop and technology mix in response to migration-induced changes in the …
Persistent link: https://www.econbiz.de/10009450914
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THE ECONOMIC EFFECTS OF MIGRATION. A ROMANIAN OVERVIEW
IVAN, Paul Panfil - 2015
Migration is a complex phenomenon, with complex and diverse implications. Meanwhile the society is in a constant change …’t migration itself, but the integration of migrants in host societies. …
Persistent link: https://www.econbiz.de/10011316220
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Management Compensation and Earnings-Based Covenants in Resolving Adverse Selection in Credit Markets
Levine, Carolyn B.; Hughes, John S. - 2003
A firm seeks to raise capital in credit markets to fund risky operating activities. The firm has private information about the future cash flows from such activities. Firm owners delegate operating decisions to a manager who privately learns further information about the distribution of those...
Persistent link: https://www.econbiz.de/10009440956
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Reputation and credit without collateral in Africa's formal banking
Nkurunziza, Janvier Désiré - 2005
The analysis of reputation as a contract enforcement instrument where legal institutions, especially commercial courts, fail to enforce commercial contracts has focused on informal credit markets. The literature centres on the argument that lenders or co-borrowers in group lending can easily...
Persistent link: https://www.econbiz.de/10009441507
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Elasticities of Demand for Consumer Credit
Karlan, Dean S.; Zinman, Jonathan - 2005
The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...
Persistent link: https://www.econbiz.de/10009444167
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10009444170
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Formal and Informal Credit Markets and Rural Credit Demand in China
Tang, Sai; Guan, Zhengfei; Jin, Songqing - 2010
Credit markets are an essential economic institution. In developing countries, particularly in countries undergoing rapid social and economic transition, it is important to identify emerging credit demandand institute credit supply in a timely manner to facilitate economic transformation. This...
Persistent link: https://www.econbiz.de/10009446116
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Three essays on earnings management, financial irregularities, and capital structure
Pungaliya, Raunaq Sushil - 2010
This thesis comprises of three essays. The first essay is titled 'Do Acquiring Firms Manage Earnings?' and is co-authored with Professor Anand M. Vijh. The second essay is titled 'Do Firms Have a Target Leverage? Evidence from Credit Markets' and is joint work with Professors Anand M. Vijh and...
Persistent link: https://www.econbiz.de/10009466088
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Does limited access to mortgage debt explain why young adults live with their parents?
Martins, Nuno C.; Villanueva López, Ernesto - 2006
Young adults leave their parents' home at a higher rate in Northern Europe and the United States than in Southern Europe, with broad implications on labor mobility, intergenerational sharing of resources and on fertility. This paper assesses if differences in household structure can be traced...
Persistent link: https://www.econbiz.de/10012530140
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Asset holdings, information aggregation in secondary markets and credit cycles
Basso, Henrique S.
La agregación de información imperfecta en los mercados secundarios de crédito tiene consecuencias significativas para los ciclos económicos. A medida que los bancos dan más importancia a variaciones en el valor de mercado de sus carteras, concluyen que lo mejor es no revelar al mercado en...
Persistent link: https://www.econbiz.de/10013172318