Narrow search
Showing 1 - 10 of 1,346
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
United States; 2009 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that the U.S. economy has experienced the worst financial crisis since the Great Depression. In the second half of 2008, financial pressures intensified and came to a head with the failure of Lehman Brothers in September. Executive Directors have...
Persistent link: https://www.econbiz.de/10011244122
Cover Image
Indonesia: CPSS-IOSCO Recommendations for Securities Settlement Systems; The Equity and Corporate Bonds Securities Settlement Systems
International Monetary Fund (IMF); International … - 2012
This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank...
Persistent link: https://www.econbiz.de/10011245525
Cover Image
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
Cover Image
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
Cover Image
Norway; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Pa...
International Monetary Fund (IMF); International … - 2005
This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term...
Persistent link: https://www.econbiz.de/10005590982
Cover Image
Credit from the monopoly bank
Lengwiler, Yvan; Rishabh, Kumar - 2017
We establish that a monopoly bank never uses collateral as a screening device. A pooling equilibrium always exists in … which all borrowers pay the same interest rate and put zero collateral. Absence of screening leads to socially inefficient … lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …
Persistent link: https://www.econbiz.de/10011720504
Cover Image
"Evolution of Consumption Volatility for the Liquidity Constrained Households over 1983 to 2004"
Gorbachev, Olga; Dogra, Keshav - Department of Economics, Lerner College of Business and … - 2010
availability of credit, there was no decline in the proportion of liquidity constrained households between 1983 and 2007. Applying …
Persistent link: https://www.econbiz.de/10008671516