derived from the business to be positively associated with debt use and the owner's age to be negatively associated with debt … use. We find that more debt is obtained if the business owner is married and less if he or she is black. Similarly, more … debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained …

The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial … system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF …

An environment for the activities of the International Monetary Fund (the IMF) has fundamentally changed over the two … financial governance, which so far has been left behind the development of markets. The IMF is mandated to play a central role … surveillance and lending as well as to adjusting resources by the Fund, an enhanced credibility of the institution is needed so …

No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow over-indebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …