Search Results - subject:"Liquidity constraints"

Incomplete markets, labor supply and capital accumulation

Marcet, Albert (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001747378

Liquidity Constraints and Investment in Transition Economies : The Case of Bulgaria

Jong, Eelke de; Budina, Nina; Garretsen, Harry - 2003

We use Bulgarian firm-level data to investigate the impact of liquidity constraints on investment performance. Internal … to test whether liquidity constraints are relevant in the case of Bulgaria. Our estimations are based on data for the … constrained. In our view, liquidity constraints can be given a different interpretation in the case of transition economies as …

Persistent link: https://www.econbiz.de/10014147134

Debt Overhang and Barter in Russia

Guriev, Sergej; Makarov, Igor; Maurel, Mathilde - 2003

In this Paper we study, both theoretically and empirically, the relationship between barter and the indebtedness of Russian firms. We build a model in which a firm uses barter to protect its working capital against outside creditors even when barter involves high transaction costs. The main...

Persistent link: https://www.econbiz.de/10014035481

The labour market effects of remittances

Drinkwater, Stephen J.; Levine, Paul; Lotti, Emanuela - 2003

Persistent link: https://www.econbiz.de/10014449629

Labor Market Institutions, Liquidity Constraints, and Macroeconomic Stability

Lichtenberg, Frank R. - 1991

The sensitivity of employment and real wages -- hence aggregate labor income to short-run fluctuations in output varies across countries. We develop a simple theoretical model to show that, if workers, but not capitalists, are liquidity constrained, the sensitivity of an economy to exogenous...

Persistent link: https://www.econbiz.de/10012475058

Liquidity Constraints and Intertemporal Consumer Optimization : Theory and Evidence From Durable Goods

Chah, Eun Young - 1991

borrowing constraints. In a departure from previous models, the theory shows that liquidity constraints imply a distinctive … intertemporal relationship between durable and nondurable good~ consumption. The presence of binding, liquidity constraints are …. When liquidity constraints are binding, the error correction term will have predictive power for the future change in …

Persistent link: https://www.econbiz.de/10012475080

Dealer Pricing of Consumer Credit

Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2002

Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers’ credit purchases. This Paper interprets this phenomenon in...

Persistent link: https://www.econbiz.de/10005666581

Dealer Pricing of Consumer Credit

Bertola, Giuseppe; Hochguertel, Stefan; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2002

Persistent link: https://www.econbiz.de/10005822225

Consumption Patterns over Pay Periods

Kelly, Clare; Lanot, Gauthier - EconWPA - 2002

This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit markets. The simulated numerical solution to...

Persistent link: https://www.econbiz.de/10005135011

Impact des inégalités sur la croissance : le rôle des rationnements financiers

Azizi, Karim - In: Région et développement (2002) 15, pp. 25-56

Persistent link: https://www.econbiz.de/10001761291