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The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household’s stochastic dynamic optimization problem are presented here. It is shown that the...
Persistent link: https://www.econbiz.de/10014395881
This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
Persistent link: https://www.econbiz.de/10014396051
India’s 2005 Article IV Consultation reports that the government’s medium-term fiscal strategy is broadly appropriate …, and faster implementation is crucial for its economy. India’s growth spurt provides a golden opportunity to fast …
Persistent link: https://www.econbiz.de/10014404947
This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy …
Persistent link: https://www.econbiz.de/10014405023
accelerate growth and reduce poverty. The paper assesses empirically whether India has entered a new phase of higher trend growth …
Persistent link: https://www.econbiz.de/10014405042
This paper presents background information to the assessment of competitiveness and exchange rate policy in India, as … enhancing the effectiveness of monetary policy and strengthening the financial system in India. Currency derivatives can provide … of the income distribution and how India can achieve significantly better social outcomes …
Persistent link: https://www.econbiz.de/10014405507
India’s strong growth and macroeconomic stability is owed to its sound macroeconomic policies and past structural … Reserve Bank of India maintains a strong focus on preserving financial stability. Further fiscal consolidation is essential to …
Persistent link: https://www.econbiz.de/10014405508
This 2004 Article IV Consultation highlights that India is on track for another year of robust growth in 2004 …
Persistent link: https://www.econbiz.de/10014405618
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting … it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies …. The authorities have already taken numerous welcome measures in response to the crisis. The Reserve Bank of India has been …
Persistent link: https://www.econbiz.de/10014405816