We explore the pattern of elderly homeownership using microeconomic surveys of 17 OECD countries. In most countries the survey is repeated over time, permitting construction of an international dataset of repeated cross-sectional data, merging 59 national household surveys on about 300,000...

L'adaptation recente de la reglementation prudentielle des banques, aux risques de marche notamment, a conduit les autorites a reconnaitre le controle interne et a menager une place plus importante a la communication d'informations. En cela, les autorites reglementaires se sont rapprochees des...

It is widely recognized that trade credit is an important financial mechanism, particularly in developing economies and transition economies where institutions are weak. This paper documents theoretical analysis and empirical accounts on what facilitates an effective supply of trade credit based...

Denmark's credit cooperatives were introduced relatively late and were never as important to the Danish financial system as credit cooperatives in several similar European countries. This experience stands in contrast to the experience of other cooperative enterprises in Denmark, most notably...

This paper will document financial aspects of transactions, and trade credit supply behavior with FDI among small and medium-sized enterprises(SMEs) based on two original surveys, conducted in four cities in China in 2003. The survey was designed to capture the nature of inter-firm transactions,...

China has been delaying its adoption of a flexible exchange rate system with free capital flows. The main excuse is that its financial sector is still in its fragile stage and is not able to withstand any external shocks. A big bang approach towards such liberalization will only lead to...

The role of pawnshops in the public economic life is revealed. Its economic nature, practical orientation and financial profitability have been analysed. Two basic trends in the development of the pawnbrokerage have been studied - impact and dependence caused by the general economic development....

There was drawn up a presentation of the Romanian agriculture and financing sources used in the transition period underlying the budgetary and external financing. The paper emphasizes the low level of absorption of external funds starting from the allotted amounts of money and compares them to...

On the basis of a panel data effects of different features of the DIS on banking crises are empirically tested. The econometric model is a multivariate logit model. The result suggest that the presence of an explicit DIS in a country has positive association with the likelihood of banking crises.