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Definitions of fragility are focused at the level of the state, but this should not be considered to suggest that … individuals with heterogeneous endowments experience a state of fragility in the same way. Nor does it suggest that all subregions … of a fragile country exist in this state. In turn, experience of fragility varies not just at national level but also …
Persistent link: https://www.econbiz.de/10013369099
How do real interest rates affect financial fragility? We study this issue in a model in which bank borrowing is … borrowing, both of which influence bank fragility in opposite directions. Thus, the marginal impact of changes to the interest … rate on bank fragility depends on the level of the interest rate. Finally, we derive testable implications that may guide …
Persistent link: https://www.econbiz.de/10013465055
Aid is still an important feature of the development landscape. Fragile states, in particular, have the greatest development needs but due to their poor governance they are the least likely countries to use aid effectively to meet their development challenges. In this paper, we explore which...
Persistent link: https://www.econbiz.de/10014477513
The objective of this paper is to focus on fragility research findings and examine what works or does not work in …
Persistent link: https://www.econbiz.de/10014477577
funds from the original lender can access funds from other sources, what we call ‘fragility’. For conditionality to work it … fragility is not a major issue conditional on investment contracts are optimal. In contrast, when fragility is a major concern … then conditional on repayment contracts are optimal as they reduce the likelihood of those states where fragility becomes …
Persistent link: https://www.econbiz.de/10010319088
Can digital payments systems help reduce extreme hunger? Humanitarian needs are at their highest since 1945, aid budgets are falling behind, and hunger is concentrating in fragile states where repression and aid diversion present major obstacles. In such contexts, partnering with governments is...
Persistent link: https://www.econbiz.de/10015047284
.Our procedures, illustrated with four example, permit keen insights into the fragility of inferences to specific shocks, such as …
Persistent link: https://www.econbiz.de/10009441449
analysis of large-scale violent conflict with other forms of violence, instability, fragility, and humanitarian crises. …
Persistent link: https://www.econbiz.de/10011943781
We propose a model of asset encumbrance by banks subject to rollover risk and study the consequences for fragility … investment funded by cheap long-term secured debt against the cost of greater fragility due to unsecured debt runs. We derive … induce excessive encumbrance and exacerbate fragility. We show how regulations such as explicit limits on encumbrance ratios …
Persistent link: https://www.econbiz.de/10011984835
We explore the micro-foundations of fragility by discussing how to measure the exposure to fragility at the individual … level. We focus on two notions that are not covered by existing aggregate, state-centric indicators of fragility. First …, different individuals may experience fragility very differently. Second, even though a country as a whole may not be "fragile …
Persistent link: https://www.econbiz.de/10011787038