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Novta, Natalija; Pugacheva, Evgenia - 2020

Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after … conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset …. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …

Persistent link: https://www.econbiz.de/10012252077

Sanctions and Civil Conflict

Gershenson, Dmitry - 2001

conflict affect the welfare of these contestants and the allocation of resources to conflict. It is shown that weak sanctions …

Persistent link: https://www.econbiz.de/10014399984

Information Asymmetries in Developing Country Financing

Anayotos, George C. - 1994

This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and...

Persistent link: https://www.econbiz.de/10014395797

Bank Capitalization As a Signal

Hardy, Daniel C. L. - 2012

The level of a bank‘s capitalization can effectively transmit information about its riskiness and therefore support market discipline, but asymmetry information may induce exaggerated or distortionary behavior: banks may vie with one another to signal confidence in their prospects by keeping...

Persistent link: https://www.econbiz.de/10014396615

Communication of Central Bank Thinking and Inflation Dynamics

Tang, Man-Keung - 2011

This paper studies the role of central bank communication of its economic assessment in shaping inflation dynamics. Imperfect information about the central bank''s assessment - or the basis for monetary policy decisions - could complicate the private sector''s learning about its policy response...

Persistent link: https://www.econbiz.de/10014398309

Communication of central bank thinking and inflation dynamics

Tang, Man-Keung; Yu, Xiangrong - 2011

Persistent link: https://www.econbiz.de/10009423219

Candidate Entry, Screening, and the Political Budget Cycle

Le Borgne, Eric - 2002

We investigate whether private information about citizens'' competence in political office can be revealed by their entry and campaign expenditure decisions. We find that this depends on whether voters and candidates have common or conflicting interests; only in the former case can entry be...

Persistent link: https://www.econbiz.de/10014399613

Asymmetric Information and the Market Structure of the Banking Industry

Dell'Ariccia, Giovanni - 1998

The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather...

Persistent link: https://www.econbiz.de/10014399942

What is Different About Family Businesses?

Chami, Ralph - 2001

developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …

Persistent link: https://www.econbiz.de/10014399982

An Incentive Approach to Identifying Financial System Vulnerabilities

Chai, Jingqing - 2000

This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....

Persistent link: https://www.econbiz.de/10014400245