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Remittances, Banking Status and the Usage of Insurance Schemes

Crayen, Dorothee - 2013

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …

Persistent link: https://www.econbiz.de/10013094542

How Deep are the Roots of Economic Development?

Spolaore, Enrico - 2012

analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on …

Persistent link: https://www.econbiz.de/10013105134

Stock Markets, Banks and Long Run Economic Growth : A Panel Cointegration-Based Analysis

Cavenaile, Laurent - 2013

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...

Persistent link: https://www.econbiz.de/10013071385

The Nature of Risk Preferences : Evidence from Insurance Choices

Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2021

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates 'standard …

Persistent link: https://www.econbiz.de/10013315858

The International Monetary Fund : 70 Years of Reinvention

Reinhart, Carmen - 2016

A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over … time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change … decades, banking crises and sovereign defaults became they key focus since the 1980s. Around this time, the IMF shifted from …

Persistent link: https://www.econbiz.de/10013000216

Historical Roots of Political Extremism : The Effects of Nazi Occupation of Italy

Fontana, Nicola - 2018

The Italian civil war and the Nazi occupation of Italy occurred at a critical juncture, just before the birth of a new democracy. We study the impact of these traumatic events by exploiting geographic heterogeneity in the duration and intensity of civil war, and the persistence of the...

Persistent link: https://www.econbiz.de/10012926545

Earthquakes, Religion, and Transition to Self-Government in Italian Cities

Belloc, Marianna - 2016

This paper presents a unique historical experiment to explore the dynamics of institutional change in the Middle Ages. We have assembled a novel dataset, where information on political institutions for northern-central Italian cities between 1000 and 1300 is matched with detailed information on...

Persistent link: https://www.econbiz.de/10013002947

The Cost of Decentralization : Linguistic Polarization and the Provision of Education

Cinnirella, Francesco - 2016

In this paper we argue that different preferences in a decentralized system lead to under provision of public goods. We analyze the provision of public primary education in nineteenth-century Prussia which was characterized by a linguistically polarized society and a decentralized education...

Persistent link: https://www.econbiz.de/10012989025

The Great Mortgaging : Housing Finance, Crises, and Business Cycles

Jordà, Òscar - 2015

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10013032225

What is European Integration Really About? A Political Guide for Economists

Spolaore, Enrico - 2013

Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this “political guide for economists” we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions...

Persistent link: https://www.econbiz.de/10013080005