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| Registros recuperados: 1.011 | |
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| Dibley, David Leland. |
| The CFA franc, currency for 13 West and Central African countries (the CFA zone), has been tied to the French franc via a fixed exchange rate arrangement since 1948. Proponents of the fixed parity rate argue that it provides price stability for the African countries, while opponents contend that it contributes to poor economic performance by sending incorrect signals to the domestic economy. Further, France's ability to maintain the current arrangement is uncertain in light of the approaching economic integration in Europe. After reviewing the history of the CFA zone, this paper assesses the appropriateness of the fixed rate arrangement for the zone, with emphasis placed on recent events, especially the1994 devaluation of the CFA franc. The paper then... |
| Tipo: Thesis or Dissertation |
Palavras-chave: Financial Economics. |
| Ano: 1997 |
URL: http://purl.umn.edu/11047 |
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| Bangsund, Dean A.; Leistritz, F. Larry; Wanzek, Janet K.; Zetocha, Dale F.; Bastow-Shoop, Holly E.. |
| This report is intended to provide an indepth trade area analysis of Fessenden, North Dakota. Specific analyses included determining Fessenden's main and greater trade areas, identifying the demographic profile of Fessenden shoppers, examining important and less important services for patron shoppers of Fessenden, identifying neighboring cities that area shoppers patronize, determining distances area shoppers traveled to Fessenden, and listing popular newspapers and radio stations among area residents. Current trade area information for Fessenden was obtained from a statewide trade area survey conducted by the Department of Agricultural Economics at North Dakota State University in 1989. Recent trends (1980 to 1989) in Fessenden population, retail sales,... |
| Tipo: Report |
Palavras-chave: Community/Rural/Urban Development; Financial Economics. |
| Ano: 1991 |
URL: http://purl.umn.edu/51273 |
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| Enriques, Luca. |
| This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward takeovers, i.e. enact rules that neither hamper nor promote them. The rationale behind this approach is that takeovers can be both value-creating and value-decreasing and there is no way to tell ex ante whether they are of the former or the latter kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time promoting the good ones. Further, contestability of control is not cost-free, because it has a negative impact on managers’ and block-holders’ incentives to make firm-specific investments of human capital, which in turn affects firm value. It is thus argued that individual companies... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Takeover Bid Directive; Board Neutrality; Mandatory Bid Rule; Market for Corporate Control; Financial Economics; K22; G34; G38. |
| Ano: 2010 |
URL: http://purl.umn.edu/60748 |
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| Mohane, Happy; Coetzee, Gerhard K.; Grant, William. |
| Interest rates are a topical subject in the micro lending industry in South Africa. The micro lending industry has been accused of charging usurious interest and exploitating the consumers. This has led to the Department of Trade and Industry passing a Usury Act with an aim of protecting the consumers. The Act imposes interest rate ceilings on loan finance provided by money lending institutions. These ceilings are proposed to be linked to the prime rate. Given this, it is not possible for micro lenders to charge full-cost recovery interest rates. This paper tries to highlight the effects of interest rate ceilings on the micro finance market. It argues that the biggest cost component of microlenders is administration costs and not the cost of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/18078 |
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| Dosi, Cesare; Moretto, Michele. |
| Exclusive rights granted by public authorities, like concessions to develop natural resources or electromagnetic spectrum licences, often have option-like features. However, to avoid licences being unused for lengthy periods, regulators sometimes set time limits, after which the exclusive right of exercise may be revoked. In this paper we analyse the impact of use or lose ("UOL") provisions upon the private time of investment. We find that the risk of losing the licence because of inaction generally increases the probability of early investment. However, when capital costs are expected to decline over time, UOL provisions may involve a "perverse effect", by increasing, rather than reducing, the expected time of investment, with respect to a situation where... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Licences; Real Options; Use or Lose Provisions; Time of Investment; Financial Economics; L51; D44; D92. |
| Ano: 2010 |
URL: http://purl.umn.edu/59756 |
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| Gustafson, Cole R.; Chama, Sydney L.. |
| Off-farm financial investments, such as stocks, bonds, mutual funds, and certificates of deposit, can offer farmers significant opportunities for diversification. Moreover, deregulation of financial markets in the 1980s enhanced the ability of farmers to invest in these financial assets. This study reports the results of a mail survey to 473 North Dakota farmers to identify the type and size of financial assets these farmers hold, their geographic placement, and their motives for investment. The 119 North Dakota farmers who responded to this survey had not taken advantage of the financial innovations deregulation that financial markets afford. Their investments were concentrated in local savings accounts, checking accounts, and farm real estate. Few... |
| Tipo: Report |
Palavras-chave: Agricultural Finance; Financial Economics. |
| Ano: 1992 |
URL: http://purl.umn.edu/51171 |
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| Sheldon, Ian M.. |
| Current policy discussions are making a very clear connection between domestic climate policies and international trade. In this article, the economic, legal and implementation issues relating to border tax adjustments for climate policies are discussed. The overall conclusion drawn is that the connection between trade and the environment is not new, having been discussed in considerable detail since the early 1990s, and reflected in an extensive economics literature. In addition, the legal aspects of border tax adjustments are not particularly new, although only a WTO ruling on their use in the presence of domestic climate policies will resolve any legal uncertainty about their use. However, there are some new issues concerning the determination and... |
| Tipo: Journal Article |
Palavras-chave: Climate policy; Competitiveness; Border tax adjustment; Environmental Economics and Policy; Financial Economics; Political Economy. |
| Ano: 2010 |
URL: http://purl.umn.edu/90594 |
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| Registros recuperados: 1.011 | |
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