This paper provides new empirical evidence on the reasons why French banks use collateral. We test the relevance of the reduction of loan loss in the event of default and the resolution of adverse selection problems as satisfactory reasons for this use. We use a dataset of 564 bank loans on...

The aim of this paper is to investigate the relation between aid and macroeconomic efficiency. It contributes to the understanding of the puzzling aid-growth linkage. We apply a stochastic frontier approach to estimate macroeconomic efficiency for a panel of 67 countries over the...