We test whether rural versus urban location, and the amount of social capital present in those locations, influence the performance of Small Business Administration (SBA) 7(a) loans originated between 1984 and 2012. On average, we find that rural loans are about 11% less likely to default than...

Migrants of non-Western origin often live among themselves. This residential segregation is, however, not necessarily caused by a lacking will to integrate. It rather seems to a large part explainable with the socio-economic differences between population groups. The key to successful...

Der rasche Ausbau der Breitbandinfrastruktur wird als Schlüssel für die Nutzung der Potentiale der Informations- und Kommunikationstechnologie (IKT) angesehen. Die durch das Internet geschaffene weltweite IK-Infrastruktur und die sukzessive Steigerung der Übertragungsbandbreiten leisten...

Zuwanderer aus nichtwestlichen Ländern wohnen häufig unter sich. Diese "räumliche Segregation" ist aber nicht unbedingt ein Zeichen für mangelnden Integrationswillen. Sie scheint vielmehr zu einem großen Teil erklärbar durch soziale Unterschiede zwischen einheimischen Deutschen und den...

Latin America and the Caribbean is the most urbanized region in the developing world. Its urbanization rate of almost 80 % is comparable to that of high-income countries. However, cities in the region are struggling to provide the infrastructure needed for their millions of residents to enjoy a...

This paper reviews recent work on the economics of fast growing developing country cities, with a focus on Africa. It sets out some of the broad facts about African urbanisation and summarises two recent pieces of research work. The first argues that coordination failure can create multiple...

This longitudinal qualitative study aimed at investigating and analyzing rural entrepreneurship in the era of globalization. The main goal of this paper is to form and present a theoretical alternative for mainstream economic rural entrepreneurship. For this purpose, 40 entrepreneurs, experts,...

Ein Transfer der Globalstrategien und Resolutionen der Vereinten Nationen auf die Ebene der Finanzdienstleistungen – Dem Wohnungssektor kommt aus Sicht der Vereinten Nationen und der Weltbank eine Schlüsselstellung für Wachstum und Entwicklung einer Volkswirtschaft zu. Zur Realisierung...

The article describes the use of a Value at Risk measure to analyze the effectiveness of a bank. Among various existing possibilities of using this measure, the use of a new method has been proposed, namely, correcting various indicators of bank interest margins by using the Value at Risk...

Before the financial crisis securitization was commonly considered an efficient way of replacing illiquid assets with liquid securities (ABS), in which the risk was supposed to be adequately compensated by the tranching techniques. However, with the emergence of the crisis investors became more...