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This article constructs triple-difference tests around shifts in the supply of risk management instruments available to agricultural producers to reveal a positive relation between risk management and productivity. This relation is more robust when producers adopt instruments with payoffs linked...
Persistent link: https://www.econbiz.de/10010678709
This paper builds a dataset on bank ownership that covers more than 6,500 banks in 181 countries (59 low … reduction in state-ownership of banks and an increase foreign ownership. However, the Global Financial Crisis interrupted or … is mixed: regressions with country fixed effects indicate that the presence of foreign-owned banks is positively …
Persistent link: https://www.econbiz.de/10014374543
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011338011
Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro …-prudential regulation lacks a clear methodology to identify these banks. Combining arguments from banking and auction theory, we show that …. Unlike traditional measures of (excessive) loan growth, our new measure identifies banks that are affected by abnormal loan …
Persistent link: https://www.econbiz.de/10011339814
banks which are more involved in firms' financing have better information and stronger incentives to use it …
Persistent link: https://www.econbiz.de/10013099614
Following the extra ordinary decision to bail in the unsecured depositors and restructure the two main banks and the … considers the changes necessary to rebuild the economy of Cyprus on solid and sustainable foundations. The effort should revolve … that banks will begin to perform their primary function as prudent lenders, remove economic distortions and other controls …
Persistent link: https://www.econbiz.de/10013082588
We show that creditors do not just ensure that inefficient investment is not undertaken, but also do not preclude efficient investment. Examining what happens following a debt covenant violation, a situation through which creditors acquire some control rights over the firm, we find that...
Persistent link: https://www.econbiz.de/10013038551
“business revitalization plan” submitted by banks requesting government funds, we identify four primary goals of the capital … banks reveals that the capital injections going to the larger international banks were more effective than those used toward … regional banks in Japan. The first capital injection in 1997 was effective primarily in helping international banks to clear …
Persistent link: https://www.econbiz.de/10013160207
economy. It is further noted that the unprecedented levels of private debt and non-performing loans in combination with the … support though own funds economic development where it makes a difference to the economy …
Persistent link: https://www.econbiz.de/10012903302
A prolonged low-interest-rate environment presents a significant challenge to banks and is likely to entail major …. Smaller, deposit-funded, less diversified banks are hurt most, increasing consolidation pressures and reach …
Persistent link: https://www.econbiz.de/10012910355