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Empirical measurement of credit rationing in agriculture: a methodological survey
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2003
verschiedene in der Literatur angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen … erste Vorgehensweise versteht unter Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv …. Alle anderen Vorgehensweisen definieren Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich …
Persistent link: https://www.econbiz.de/10008526801
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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: Währungspolitisch...
Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 1999
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …
Persistent link: https://www.econbiz.de/10008462113
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Do we face a credit crunch?.
Gern, Klaus-Jürgen; Jannsen, Nils - Kiel Institute for the World Economy - 2009
The weakness of credit growth in the United States and Europe has given rise to concerns that the financial crisis has led to a credit crunch which has deepened the recession in the real economy and poses a serious threat to the recovery that seems to have started in the most recent months. In...
Persistent link: https://www.econbiz.de/10008495218
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Moral Hazard, Risks and Index Insurance in the Rural Credit Market: A Framed Field Experiment in China
Cheng, Lan - Agricultural and Applied Economics Association - AAEA - 2013
Abstract This paper studies the interaction between index insurance market and the rural credit market by investigating how the availability of index insurance affects borrowers' moral hazard behavior. Among different types of moral hazard problem in the credit market, we focuses on credit...
Persistent link: https://www.econbiz.de/10010916040
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An Investigation of Some Macro-Financial Linkages of Securitization
Long, Xin; Goswami, Mangal; Jobst, Andreas - International Monetary Fund (IMF) - 2009
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate...
Persistent link: https://www.econbiz.de/10005263753
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Sovereign Borrowing by Developing Countries; What Determines Market Access?
Gelos, Gaston; Sandleris, Guido; Sahay, Ratna - International Monetary Fund (IMF) - 2004
What determines the ability of governments from developing countries to access international credit markets? We examine this question using detailed data on sovereign bond issuances and public syndicated bank loans since 1982. We find that traditional measures of a country’s links with the...
Persistent link: https://www.econbiz.de/10005263984
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Domestic Investment and the Cost of Capital in the Caribbean
Roache, Shaun K. - International Monetary Fund (IMF) - 2006
Investment-to-GDP ratios across the Caribbean tend to be relatively high. In many countries, these ratios have been trending higher since the mid-1990s, largely reflecting public investment and foreign direct investment. Private domestic investors have been less prominent. This may be one reason...
Persistent link: https://www.econbiz.de/10005264172
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A Re-examination of Credit Rationing in the Stiglitz and Weiss Model
Su, Xunhua - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2010
With a more general setting, we illustrate that credit rationing in the Stiglitz and Weiss (1981) model is sensitive to the ranking of projects. Given that the ranking is according to the mean-preserving-spread, adverse selection and moral hazard cannot co-exist and credit rationing occurs only...
Persistent link: https://www.econbiz.de/10008694560
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International Capital Crunches; The Time-Varying Role of Informational Asymmetries
Mody, Ashoka; Taylor, Mark P. - International Monetary Fund (IMF) - 2002
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
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Foreign Currency Deposits and International Liquidity Shortages in Pakistan
Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2004
This paper studies the implications of foreign currency deposits (FCDs) for international liquidity shortages in Pakistan. The analysis focuses on how the large volume of FCDs and the specific institutional characteristics of those deposits have made the Pakistan economy highly vulnerable to...
Persistent link: https://www.econbiz.de/10005826483