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In 1946 the economist Arthur Burns defined a business cycle as a period of expansion occurring about the same time in many economic activities, followed by similar general recessions, contractions and revivals, which merge into the expansion phase of the next cycle. Cycles may take from one year...
Persistent link: https://www.econbiz.de/10015246582
guidelines, evaluate prospective homeowners’ credit, and make loans. Having done so, lenders generally hold only a fraction of … underlying assets for residential mortgage-backed securities. Individuals with strong credit qualify for traditional mortgages …, whereas those with weak credit histories that include payment delinquencies, and possibly more severe problems such as charge …
Persistent link: https://www.econbiz.de/10015225878
In this paper we shall prove that the plane of financial events, introduced and applied to financial problems by the author himself (see [2], [3] and [4]) can be considered as a fiber bundle in two different ways. The first one, the natural one, reveals itself to be isomorphic to the tangent...
Persistent link: https://www.econbiz.de/10015227117
In the U.K., at the time of writing, the corona virus pandemic has not reached its peak yet. Once it has, hopefully in the next couple of weeks or months, the recovery process can begin. With a nearly total lock down in place on many economic activities, the future for incomes, business...
Persistent link: https://www.econbiz.de/10015267129
English Since its introduction in 2011, crop insurance in the Sahel (CSI), which appeared as a practical innovation in West Africa, has been struggling to spread in Burkina Faso. As an index-based insurance scheme, it is expected to secure financing for agriculture and preserve farmers' incomes...
Persistent link: https://www.econbiz.de/10015267764
to identifying credit constrained (loan refused) households and makes use of the Logit and Poisson regression to regress …
Persistent link: https://www.econbiz.de/10015243852
developing nations like India, where financial systems are predominantly bank-based. Banks act as primary financial …, which offer high returns but come with significant risks. Despite these alternatives, banks remain crucial for financial … improve the efficiency and profitability of banks are essential for sustaining economic development and stability (Ambarkhane …
Persistent link: https://www.econbiz.de/10015213830
Using quarterly data on commercial banks operating in Pakistan over a period of 2002-2014, this study finds that …, with lower return on asset and small capital base, banks might turn fragile and be vulnerable to solvency risk. Observing … the bank characteristics we observe that small size banks with high liquidity and strong capital base are more likely to …
Persistent link: https://www.econbiz.de/10015214606
This paper investigates banking system instability vis-à-vis the day-to-day interbank market and monetary policy effectiveness in the Dominican Republic. The analysis reveals a negative relationship among excess banking system reserves and the interbank interest rate, and shows that in crisis...
Persistent link: https://www.econbiz.de/10015217118
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10015217851