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Do remittances help smooth consumption during health shocks? : evidence from Jamaica

Beuermann, Diether W.; Ruprah, Inder S.; Sierra, Ricardo - 2014

We identify whether remittances facilitate consumption smoothing during health shocks in Jamaica. In addition, we … investigate whether remittances are subject to moral hazard by receivers, how the informal insurance provided by remittances … remittances offer complete insurance toward decreased consumption during health shocks and that moral hazard is weak. The role of …

Persistent link: https://www.econbiz.de/10011286680

Unequal transition : the widening wealth gap amidst China's rapid growth

Jiang, Yangtian; Zheng, Yu; Zhu, Lijun - 2023

We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early 1990s, when barriers to setting up private businesses, trading housing, and migrating from rural to urban areas are struck down. In response to the changing economic...

Persistent link: https://www.econbiz.de/10014314291

From institutions to financial development and growth : what are the links?

Fernández, Andrés; Tamayo, César E. - 2015

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Persistent link: https://www.econbiz.de/10011290078

International remittances to Latin America and the Caribbean amid the Covid-19 crisis : a push for digitalization?

Frisancho Robles, Verónica; Parrado, Eric - 2021

Remittances constitute a significant safety net for millions of households in Latin America and the Caribbean (LAC … of remittances. The recovery of remittances was accompanied by a modest and temporary increase in the interest in digital …

Persistent link: https://www.econbiz.de/10014516599

Higher inequality in Latin America : a collateral effect of the pandemic

Acevedo, Ivonne; Castellani, Francesca; Cota, María José - 2022

. Surprisingly, we found that the differences in income by education level declined in most cases. Remittances had a modest effect …

Persistent link: https://www.econbiz.de/10014516178

Inspecting the impact of financial inclusion on emissions in India : the banking channel

Ray, Saon; Thakur, Vasundhara - 2025

The urgent need to address climate change has placed environmental degradation and sustainable development at the centre of policy discussions. This highlights the importance of examining how the financial system directs funds toward green investments or emission-intensive industries. Expanding...

Persistent link: https://www.econbiz.de/10015329696

Corruption and the curse : the dictator's choice

Sarr, Mare; Swanson, Timothy M. - 2013

We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the exploitation of a resource-rich country. This dictator makes the recursive choice between either investing domestically to live off the productivity of the country while facing the...

Persistent link: https://www.econbiz.de/10009702219

Credit and saving constraints in general equilibrium : evidence from survey data

Granda Carvajal, Catalina; Hamann S., Franz A.; Tamayo, … - 2017

In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower...

Persistent link: https://www.econbiz.de/10011656466

Disasters and the networked economy : a book summary

Albala-Bertrand, José M. - 2014

This document summarizes the thrust of my monograph book Disasters and the Networked Economy (2003, NY: Routledge. 228 pp. ISBN: 978-0-415-66629-9). It is no substitution for the book, but it attempts to make salient the main concepts, explanations and conclusions of it. It does so by first...

Persistent link: https://www.econbiz.de/10010339723

Financing costs and development

Cavalcanti, Tiago; Kaboski, Joseph Paul; Martins, Bruno … - 2023

Most aggregate theories of financial frictions model credit available at a cost of financing equal to the savings rate but rationed. However, using a comprehensive firm-level credit registry, we document both high levels and high dispersion in ex post credit spreads to Brazilian firms. We...

Persistent link: https://www.econbiz.de/10014550802