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This note considers the role debt-equity conversions and NPL securitization can play in addressing excessive corporate debt in China, and the corresponding burden on banks of impaired assets. It finds that such techniques can play a role, but getting their design right is critical, as is nesting...
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Attention-deficit/hyperactivity disorder (ADHD) exerts lifelong impairment, including difficulty sustaining employment, poor credit, and suicide risk. To date, however, studies have assessed selected samples, often via self-report. Using mental health data from the entire Swedish population (N =...
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This paper investigates the effects of an income guarantee on borrowing to smooth consumption and finance cultivation … sample of households in a semi-arid region of Odisha state. The potential endogeneity of borrowing and NREGS earnings is … borrowing by an estimated amount that is almost twice as large as the wage. NREGS is therefore effectively a substitute for …
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