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Inequality of Opportunity in the Credit Market

Coco, Giuseppe; Pignataro, Giuseppe - Dipartimento di Scienze Economiche, Facoltà di Economia - 2010

observable features, such as wealth and collateral, play an important role in determining who gets credit, in violation of the … marginal borrower in lower collateral classes. This suggests that public credit policies should be targeted at poorer classes …Credit market imperfections can prevent the poor from making profitable investments. Under asymmetric information …

Persistent link: https://www.econbiz.de/10008542326

Some Propositions on Intergenerational Risk Sharing, Social Security and Self-Insurance

Aoki, Takaaki - Volkswirtschaftliche Fakultät, … - 2006

This article describes, within a myopic intergenerational bargaining framework incorporating two discrete periods and binary states of risks, some new aspects regarding the mixture of intergenerational risk sharing and social security. Here, state-dependent utility under mortality risk proves to...

Persistent link: https://www.econbiz.de/10005837210

African Development,Partnership and Rationality Challenge:An Exposition

NWAOBI, GODWIN - Volkswirtschaftliche Fakultät, … - 2013

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...

Persistent link: https://www.econbiz.de/10011259767

Crime, Corruption and Institutions

Chatterjee, Ishita; Ray, Ranjan - Department of Econometrics and Business Statistics, … - 2009

This paper explores the link between crime and corruption, compares their magnitudes, determinants and their effects on growth rates. The study uses a large cross country data set containing individual responses to questions on crime and corruption along with information on the respondents’...

Persistent link: https://www.econbiz.de/10005064172

Constrained Egalitarianism in a Simple Resistributive Model.

Jaffray, J.Y.; Mongin, P. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1998

We extend the theory of constrained egalitarianism initiated by Dutta and Ray (1989) with a view of making it more widely applicable to normative and public economics. The paper is concerned with redistributive systems in which what the individuals get depends on what they receive or pay qua...

Persistent link: https://www.econbiz.de/10005775615

Norway; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Payment Systems

International Monetary Fund (IMF); International … - 2005

This paper presents key findings of Norwayâ€™s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norwayâ€™s financial system appears sound and well managed. Short-term...

Persistent link: https://www.econbiz.de/10005590982

A Framework for Financial Market Development

Chami, Ralph; Sharma, Sunil; Fullenkamp, Connel - International Monetary Fund (IMF) - 2009

the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework …

Persistent link: https://www.econbiz.de/10008528687

Making OTC Derivatives Safe; A Fresh Look

Singh, Manmohan - International Monetary Fund (IMF) - 2011

Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility that central counterparties (CCPs) may be too-big-to-fail entities in the making. The present...

Persistent link: https://www.econbiz.de/10008876583

United States; Staff Report for the 2011 Article IV Consultation

International Monetary Fund (IMF); International … - 2011

The U.S. economy continues to recover at a modest pace, in line with international experience following severe financial crises. The key priority for fiscal policy is to stabilize the debt ratio and gradually reduce it. The fiscal framework should include an endorsement of the main medium-term...

Persistent link: https://www.econbiz.de/10011242773

Denmark; Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems

International Monetary Fund (IMF); International … - 2007

This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of...

Persistent link: https://www.econbiz.de/10011243215