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Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment'). We build an...
Persistent link: https://www.econbiz.de/10013149943
Bank of India in collaboration with State Governments …
Persistent link: https://www.econbiz.de/10013051022
). CIP can be viewed as a reflection of the shadow price of a bank s balance sheet, which reflects how risky the situation is … has long been recognized. When the banking system is constrained, an entrepreneur should be informed. Entrepreneurs will … the banking system. Overall, the risk appetite of the banking system is critical for both traditional and export …
Persistent link: https://www.econbiz.de/10013406442
We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...
Persistent link: https://www.econbiz.de/10013119295
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10013110862
find that ex ante equality of opportunity exhibits positive correlation with public expenditure in education, whereas ex …
Persistent link: https://www.econbiz.de/10013141424
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by … than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results …
Persistent link: https://www.econbiz.de/10013316934
1960s. We have compiled the first historical bibliography of household budget surveys in Western Europe and, using the …
Persistent link: https://www.econbiz.de/10012922458
in five countries in north-western Europe. We also calculate the net replacement rates for families receiving social …
Persistent link: https://www.econbiz.de/10013002451
Health, Ageing and Retirement in Europe (SHARE) to investigate whether immigration affects depression among natives 65 …
Persistent link: https://www.econbiz.de/10012857705