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This paper reviews the Financial System Stability Assessment Update on the Philippines. The assessment reveals that the banking sector has been strengthened considerably since the Asian crisis of the late 1990s and today appears generally resilient to a broad range of macroeconomic risks. The...
Persistent link: https://www.econbiz.de/10011243302
Portfolio credit risk measurement is greatly affected by data constraints, especially when focusing on loans given to unlisted firms. Standard methodologies adopt convenient, but not necessarily properly specified parametric distributions or simply ignore the effects of macroeconomic shocks on...
Persistent link: https://www.econbiz.de/10005263920
. Buyer liability for loss of a carbon sink is shown to yield an inefficiently low level of sequestration. Yet it remains … higher than the case where liability is neither allocated to the buyer nor the seller. Indexing contract prices to the seller …’s opportunity costs potentially boosts the upfront investment as does shifting liability to the seller but not beyond first …
Persistent link: https://www.econbiz.de/10010745900
To ensure the availability of cleanup funds, federal regulators often require ex ante proof of ability-to-pay for future environmental liabilities. These regulations currently apply to hazardous waste managers under the Resource Conservation and Recovery Act, and are being considered for...
Persistent link: https://www.econbiz.de/10011069692
) differences in the liability of the lender and the borrower for losses; and (ii) differences in the information available to the …
Persistent link: https://www.econbiz.de/10005792003
Since CERCLA's legislation in the United States, extending the liability to banks in case of an environmental damage … has been the main concern of many studies. Most of them show that this form of regulation cannot reach its two main …
Persistent link: https://www.econbiz.de/10005618704
Federal subsidized crop insurance has been a major fixture of US agricultural policies for the past several decades. In recent years, the program has expanded rapidly and now constitutes the largest and most expensive agricultural subsidy initiative in the United States. Similar programs have...
Persistent link: https://www.econbiz.de/10010700551
Survey evidence suggests that consumers care about the environment and are willing to pay a higher price for a product …
Persistent link: https://www.econbiz.de/10005587594
The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many...
Persistent link: https://www.econbiz.de/10011245864
We analyze the optimal regulation of a MFI that has private information on the intrinsic quality of its loan portfolio … and costs of regulation in terms of leaving an informational rent for a high quality MFI. We identify conditions for the …
Persistent link: https://www.econbiz.de/10011259987