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integrated banking markets. This suggests that the currency-portfolio choices of households and firms may be constrained by the …
Persistent link: https://www.econbiz.de/10010407636
We follow Woo (2011) in using the Catch-Up Index (CUI) to define the middle-income trap and identify the countries caught in it. The CUI shows that China became a middle-income country in 2007-2008. We see five major types of middle-income trap that China is vulnerable to (a) fiscal stress from...
Persistent link: https://www.econbiz.de/10013097879
Why do firms lobby? This paper exploits the unanticipated sequestration of federal budget accounts in March 2013 that reduced the availability of government funds disbursed through procurement contracts to shed light on this question. Following this event, firms with little or no prior exposure...
Persistent link: https://www.econbiz.de/10012864096
Mobile Money (MM) is gradually replacing cash as the primary method of payment for the unbanked and underserved in Ghana. The rapid expansion of mobile phone use, particularly in rural areas, has contributed to Ghana's rapid growth in MM usage. This study looks into whether recent changes in the...
Persistent link: https://www.econbiz.de/10013404297
Persistent link: https://www.econbiz.de/10005769974
-term) household credit. The negative impact of inflation on credit dollarisation is weaker in regions with less integrated banking …
Persistent link: https://www.econbiz.de/10010718519
credit. The negative impact of inflation on credit dollarization is weaker in regions with less-integrated banking markets …
Persistent link: https://www.econbiz.de/10011154584
-term) household credit. The negative impact of inflation on credit dollarization is weaker in regions with less-integrated banking …
Persistent link: https://www.econbiz.de/10011092469
This chapter supplies, for the first time, a table that contains all 56 episodes of hyperinflation, including several … which had previously gone unreported. The Hyperinflation Table is compiled in a systematic and uniform way. Most importantly … each episode, identifies the month of peak hyperinflation, and signifies the currency that was in circulation, as well as …
Persistent link: https://www.econbiz.de/10013085888
in the demand for real cash balances in Zimbabwe. Overall, the findings suggest that the Zimbabwean hyperinflation does …
Persistent link: https://www.econbiz.de/10005773228