The paper focuses on financing and institutional arrangements for dzud. It seeks to encourage a more coordinated, predictable, timely and targeted approach to dzud on the part of both the Government of Mongolia (GoM) and its development partners, based on an analysis of the 2009-2010 dzud...

Using data for 375 droughts in 262 prefectures in China during 1906-1927, we show that drought-affected prefectures have more private bank inceptions than drought-free prefectures. This effect is more prominent among those with more private enterprises, suggesting that banks enter...

This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing...

This paper examines the relationship between changes in the financial sector and the increasing inequality in Germany. For this, first an overview about the development of the main inequality indicators for Germany is given, which show inequality has been rising since the 1980s. Thereafter, the...