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| Argwings-Kodhek, Gem; Kwamboka, Mary; Karin, Francis. |
| The paper gives a brief description of the history and main institutional forms in the agricultural and rural financial services sector–commercial banks, the micro-finance industry, savings and credit cooperative societies, village banks, building societies and the Agricultural Finance Corporation. It ends by raising some of the issues that need to be addressed as we begin to deal with the institutional and regulatory framework for the subsector including the cost of funds and the array of existing policy and legislative proposals on the table. The main argument of the paper is that we need to step back and undertake a comprehensive assessment of the sector before government passes new laws, or spends public money in unproductive ways. The paper proposes... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Food Security; Food Policy; Financial Services; Kenya; Micro-finance; Agricultural Finance; Q18. |
| Ano: 2004 |
URL: http://purl.umn.edu/55160 |
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| Bernstein, Shai; Lerner, Josh; Schoar, Antoinette. |
| This paper examines the direct private equity investment strategies across sovereign wealth funds and their relationship to the funds’ organizational structures. SWFs seem to engage in a form of trend chasing, since they are more likely to invest at home when domestic equity prices are higher, and invest abroad when foreign prices are higher. Funds see the industry P/E ratios of their home investments drop in the year after the investment, while they have a positive change in the year after their investments abroad. SWFs where politicians are involved have a much greater likelihood of investing at home than those where external managers are involved. At the same time, SWFs with external managers tend to invest in lower P/E industries, which see an increase... |
| Tipo: Working or Discussion Paper |
Palavras-chave: General Finance; Countries & Regions; Financial Services; Financial Economics; G11; G15. |
| Ano: 2009 |
URL: http://purl.umn.edu/50460 |
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