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Policy Options for Rice and Corn Farmers in the Face of Seasonal Climate Variability
Domingo, Sonny N.; Gonzales, Kathrina G.; Mina, Christian D. - 2009
In the face of seasonal climate variability, the smallholder farmers, particularly those in rural communities, are among the most adversely affected. As a way to address this, together with concern on low productivity, the Philippine government has been implementing a range of risk management...
Persistent link: https://www.econbiz.de/10011421128
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Crop Insurance: Security for Farmers and Agricultural Stakeholders in the Face of Seasonal Climate Variability
Domingo, Sonny N.; Reyes, Celia M. - 2009
Crop insurance is a risk management tool designed to even out agricultural risks and address the consequences of natural disasters to make losses more bearable, especially to the marginalized farmers. In the Philippines, the Philippine Crop Insurance Corporation (PCIC) implements and manages the...
Persistent link: https://www.econbiz.de/10011421138
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Risk in agriculture as impediment to rural lending: the case of North-Western Kazakhstan
Petrick, Martin; Ditges, C. Markus - 2000
On the basis of portfolio selection theory, this paper finds that whole-farm risk must be regarded as a major reason for the low level of credit flow to agriculture in North-western Kazakhstan. A quadratic programming model was used in order (a) to demonstrate the comparatively high overall risk...
Persistent link: https://www.econbiz.de/10010299418
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Rural Financial Markets in Developing Countries
Conning, Jonathan; Udry, Christopher - 2005
This review examines portions of the vast literature on rural financial markets and household behavior in the face of risk and uncertainty. We place particular emphasis on studying the important role of financial intermediaries, competition and regulation in shaping the changing structure and...
Persistent link: https://www.econbiz.de/10010369143
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Interbank lending, credit risk premia and collateral
Heider, Florian; Hoerova, Marie - 2009
decouple across secured and unsecured markets following an adverse shock to credit risk. The scarcity of underlying collateral …
Persistent link: https://www.econbiz.de/10011605153
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How Much Fiscal Backing Must the ECB Have? – The Euro Area is not the Philippines
Belke, Ansgar - 2010
The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …
Persistent link: https://www.econbiz.de/10010270000
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How much fiscal backing must the ECB have? The euro area is not the Philippines
Belke, Ansgar - 2010
The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …
Persistent link: https://www.econbiz.de/10010271365
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Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit … incidence of collateral. We exploit exogenous variation in lender information related to the adoption of an information … technology that reduces ex ante private information, and compare collateral outcomes before and after adoption. Our results are …
Persistent link: https://www.econbiz.de/10010292292
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Tests of ex ante versus ex post theories of collateral using private and public information
Berger, Allen N.; Frame, W. Scott; Ioannidou, Vasso - 2010
Collateral is a widely used, but not well understood, debt-contracting feature. Two broad strands of theoretical … literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems … ex post theories of collateral are empirically dominant although the ex ante theories are also valid for customers with …
Persistent link: https://www.econbiz.de/10010292349
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Central counterparties
Koeppl, Thorsten V.; Monnet, Cyril - 2008
Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...
Persistent link: https://www.econbiz.de/10010303758