Sabiia Seb
PortuguêsEspañolEnglish
Embrapa
        Busca avançada

Botão Atualizar


Botão Atualizar

Ordenar por: 

RelevânciaAutorTítuloAnoImprime registros no formato resumido
Registros recuperados: 37
Primeira ... 12 ... Última
Imagem não selecionada

Imprime registro no formato completo
VALUING AGRICULTURAL MORTGAGE-BACKED SECURITIES AgEcon
Stokes, Jeffrey R.; Brinch, Brian M..
A model to value Federal Agricultural Mortgage Corporation (Farmer Mac) agricultural mortgage-backed securities (AMBS) is developed and numerically solved. The results suggest prepayment penalties currently being used by Farmer Mac reduce yields on AMBS considerably. Even with prepayment penalties, it can be advantageous for profit maximizing mortgagors to optimally prepay or even default on agricultural mortgages. The model is used to quantify prepayment and default risk by valuing the embedded options in the mortgages. Monte Carlo simulation is also used to determine the probability to optimal prepayment given the term structure assumption used to develop the model.
Tipo: Journal Article Palavras-chave: Agricultural mortgage-backed securities; Default; Dynamic programming; Simulation; Prepayment; Agricultural Finance; G13; G21.
Ano: 2001 URL: http://purl.umn.edu/15459
Imagem não selecionada

Imprime registro no formato completo
The World Bank as an International Financial Institution AgEcon
Shams, Rasul.
The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge bureaucratic organization, acting on its own behalf. This interpretation can not be endorsed fully by the available information, but only in the sense of bureau-shaping. The Bank itself is proud of being a knowledge bank. But its actual activity is the popularization...
Tipo: Working or Discussion Paper Palavras-chave: International lending; Economic development; Public goods; Interest groups; Financial Economics; F33; F34; G21; O1.
Ano: 2004 URL: http://purl.umn.edu/26380
Imagem não selecionada

Imprime registro no formato completo
The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Working Paper Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/119525
Imagem não selecionada

Imprime registro no formato completo
Farmers’ Choice and Informal Credit Markets in China AgEcon
Yuan, Yan; Hu, Youxin; Gao, Ping.
Informal credit markets are very active in many developing countries including China. Informal financial associations have become a major channel of borrowing. Using data from the 2006 Rural Household Survey, this paper investigates farmers’ borrowings from both formal and informal sources with higher/lower interest, by looking into both demand and supply of loan. Consistent with the theory and previous studies, age follows an inverted U-shaped pattern in its relationship with the probability of borrowing from informal loan with higher interest. Our study shows that the impact of age disappears for the formal loan participation. In addition, high income and saving imply lower credit constraints. Moreover, household and county characteristics and financial...
Tipo: Conference Paper or Presentation Palavras-chave: Informal credit; Financial constraints; China; Agricultural Finance; Community/Rural/Urban Development; International Development; Q12; C5; G21.
Ano: 2011 URL: http://purl.umn.edu/103887
Imagem não selecionada

Imprime registro no formato completo
Actuarial Implication of Structural Changes in El Niño-Southern Oscillation Index Dynamics AgEcon
Chen, Shu-Ling.
The influence of climate variability on agricultural production and financial risks faced by an individual or an institution has been the center of the public discussion in the recent years. The changing weather patterns and environmental conditions could cause substantial unpredicted economic loss. Failure to capture the changing climate would underestimate the insurance contract’s expected indemnity and further create a major obstacle for insurance sectors. In this paper, we undertake a case study of El Niño-Southern Oscillation Index insurance for coastal Peru proposed by Skees. We examined the behavior of El Niño dynamics and found El Niño indices are changing over time. A class of generalized autoregressive conditional heteroskedasticity (GARCH)...
Tipo: Conference Paper or Presentation Palavras-chave: Actuarial rating; Climate variability; El Niño; Fractional integration ARCH; FIGARCH; Index insurance; Structural change; Agricultural Finance; Financial Economics; Risk and Uncertainty; G21; G22; Q10; Q14.
Ano: 2010 URL: http://purl.umn.edu/61384
Imagem não selecionada

Imprime registro no formato completo
A Personal Touch: Text Messaging for Loan Repayment AgEcon
Morten, Melanie; Karlan, Dean S.; Zinman, Jonathan.
We worked with two microlenders to test impacts of randomly assigned reminders for loan repayments in the “text messaging capital of the world”. We do not find strong evidence that loss versus gain framing or messaging timing matter. Messages only robustly improve repayment when they include the loan officer’s name. This effect holds for clients serviced by the loan officer previously but not for first-time borrowers. Taken together, the results highlight the potential and limits of communications technology for mitigating moral hazard, and suggest that personal obligation/reciprocity between borrowers and bank employees can be harnessed to help overcome market failures.
Tipo: Working Paper Palavras-chave: Microcredit; Microfinance; Randomized evaluation; Development finance; Consumer/Household Economics; Financial Economics; Research and Development/Tech Change/Emerging Technologies; D21; D92; G21; O16; O17.
Ano: 2012 URL: http://purl.umn.edu/121867
Imagem não selecionada

Imprime registro no formato completo
Regulation and supervision of microfinance in Albania AgEcon
Hoxhaj, Rezart.
This paper describes important regulation issues that concern microfinance. It starts by considering literature on how and why to regulate and supervise microfinance. Considering the specific case of microfinance in Albania, it analyzes the context of this industry and some particular issues that might influence its growth. Related regulation in Albania seems to be not activity–oriented since a real definition of microfinance is lacking in the Albanian law. Therefore, Albanian microfinance sector needs, first of all, a microcredit and microfinance definition to implement the right development policies and avoid confusion and license misuse. Moreover, the regulatory framework seems to be too restrictive for institutions supposed to be engaged in...
Tipo: Journal Article Palavras-chave: Microfinance institution; Regulation; Supervision; Credit union; Non-bank financial institution.; Financial Economics; G21; G28; K23.
Ano: 2010 URL: http://purl.umn.edu/95971
Imagem não selecionada

Imprime registro no formato completo
Credit Risk Assessment and Racial Minority Lending at the Farm Service Agency AgEcon
Escalante, Cesar L.; Brooks, Rodney L.; Epperson, James E.; Stegelin, Forrest E..
The nature of credit risk assessment and basis of loan approval decisions of the Farm Service Agency are analyzed in the aftermath of the black farmers’ 1997 class action suit against the U.S. Department of Agriculture. This study did not uncover convincing evidence of racial discrimination against nonwhite borrowers under a binomial logistic framework based on the probability of a loan application’s approval. Moreover, the collective use of more stringent and objective credit-scoring measures usually employed by commercial lenders is less evident in the Farm Service Agency’s evaluation of loan applications.
Tipo: Journal Article Palavras-chave: Binomial logistic regression; Credit risk; Credit-scoring model; Direct lending; Farm Service Agency; Guaranteed lending; Racial bias; Agricultural Finance; Risk and Uncertainty; G20; G21; G28; Q10; Q14.
Ano: 2006 URL: http://purl.umn.edu/43749
Imagem não selecionada

Imprime registro no formato completo
Spatial Competition and Market Power in Banking AgEcon
Richards, Timothy J.; Acharya, Ram N.; Kagan, Albert.
Banks in non-metropolitan areas compete in a spatially-differentiated environment. Particularly with the advent of electronic banking services, however, there is some question as to how much market power is conferred by spatial separation from rivals. This paper estimates a structural model of the supply and demand of banking services in which pricing power is allowed to depend explicitly on the distance between rival banks. A spatial autoregressive econometric model shows that approximately 38.0% of economic surplus earned by firms in non-metropolitan banking in the upper midwest is due to spatial market power.
Tipo: Conference Paper or Presentation Palavras-chave: Banking; Market power; Non-metropolitan markets; Spatial econometrics; Community/Rural/Urban Development; Financial Economics; C21; D43; G21; L13.
Ano: 2007 URL: http://purl.umn.edu/6566
Imagem não selecionada

Imprime registro no formato completo
DEVELOPMENT OF CONSUMER LENDING IN KAZAKHSTAN UNDER INFLUENCE OF WORLD FINANCIAL CRISIS AgEcon
Konakbaev, Askar.
The paper observes the growth path of bank lending and in particular consumer loans in Kazakhstan. Consumer lending in Kazakhstan is steadily increasing and this niche remains attractive for commercial banks. However, the world financial crisis has complicated for banks the possibility of attraction of foreign credits to finance various investment and business projects in country. Financial crisis resulted decrease in growth rate of aggregate and consumer loans of commercial banks.
Tipo: Journal Article Palavras-chave: Commercial banks; Economy crediting; Consumer loans; Influence of financial crisis; Consumer/Household Economics; Financial Economics; International Development; G01; G21.
Ano: 2009 URL: http://purl.umn.edu/94540
Imagem não selecionada

Imprime registro no formato completo
On the Real Effects of Bank Bailouts: Micro-Evidence from Japan AgEcon
Giannetti, Mariassunta; Simonov, Andrei.
Exploiting the Japanese banking crisis as a laboratory, we provide firm-level evidence on the real effects of bank bailouts. Government recapitalizations result in positive abnormal returns for the clients of recapitalized banks. After recapitalizations, banks extend larger loans to their clients and some firms increase investment, but do not create more jobs than comparable firms. Most importantly, recapitalizations allow banks to extend larger loans to low and high quality firms alike, and low quality firms experience higher abnormal returns than other firms. Interestingly, recapitalizations by private investors have similar effects. Moreover, bank mergers engineered to enhance bank stability appear to hurt the borrowers of the sounder banks involved in...
Tipo: Working or Discussion Paper Palavras-chave: Recapitalization; Merger; Banking Crisis; Financial Economics; G21; G34.
Ano: 2009 URL: http://purl.umn.edu/55330
Imagem não selecionada

Imprime registro no formato completo
Política económica y desarrollo del sistema financiero peruano, parte II: propuesta para una reforma y análisis de la nueva ley de bancos AgEcon
Caceres Valderrama, Armando; Nagamine Akamine, Javier.
El documento propone, a partir de la problemática del sistema financiero, revisada en la primera parte de este estudio, modificaciones en el entorno económico que enfrentan las empresas financieras, así como una participación activa del Estado en la supervisión y control de las entidades crediticias.
Tipo: Working or Discussion Paper Palavras-chave: Sistemas bancarios; Mercado financiero; Politica economica; Banking systems; Financial market; Economic policy; Peru; Financial Economics; E62; G21; N26.
Ano: 1991 URL: http://purl.umn.edu/42257
Imagem não selecionada

Imprime registro no formato completo
Microfinance Institutions: Does Capital Structure Matter? AgEcon
Bogan, Vicki.
Microfinance Institutions (MFIs) have risen to the forefront as invaluable institutions in the development process. Nevertheless, capital constraints have hindered the expansion of microfinance programs such that the demand for financial services still far exceeds the currently available supply. Moreover, it is observed that microfinance organizations have had various degrees of sustainability. Thus, the question of how best to fund these programs is a key issue. Recognizing the potential of microfinance in the development process, this paper examines the existing sources of funding for MFIs by geographic region, and explores how changes in capital structure could facilitate future growth and improve the efficiency and financial sustainability of MFIs....
Tipo: Working or Discussion Paper Palavras-chave: Microfinance Institutions; Capital structure; Financial Economics; F3; G21; G32; O1.
Ano: 2008 URL: http://purl.umn.edu/51125
Imagem não selecionada

Imprime registro no formato completo
Optimal Agricultural Credit Association Branch Office Locations AgEcon
Scaletta, Timi M.; Stokes, Jeffrey R..
Since the farm financial crisis of the 1980s, Farm Credit System banks continue to merge and consolidate to enhance competitiveness. Two mixed-integer programming models of AgChoice Agricultural Credit Association (ACA), a recently merged ACA in Pennsylvania, were developed to determine the optimal number, location, and territory of branches. The approach suggests useful information can be determined regarding the reconfiguration process after bank mergers, especially given the fact that the current AgChoice ACA configuration is available for comparison purposes.
Tipo: Journal Article Palavras-chave: Agricultural Credit Association; Compromise programming; Farm Credit System; Location model; Mixed-integer programming; C61; G21; Q14.
Ano: 2003 URL: http://purl.umn.edu/37838
Imagem não selecionada

Imprime registro no formato completo
The Universality of Microfinance Operations Model in Eastern Europe and Central Asia: Financial Sustainability vs. Poverty Outreach AgEcon
Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, Wojciech J..
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia, the Caucasus, and Central Asia. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that the regions' MFIs are profit-driven but are expected to improve outreach in the long-run.
Tipo: Presentation Palavras-chave: Microfinance institution; SUR; Financial sustainability; Delinquency; Profitability; Social outreach; Agricultural Finance; Financial Economics; International Development; G20; G21.
Ano: 2012 URL: http://purl.umn.edu/123286
Imagem não selecionada

Imprime registro no formato completo
Do Cooperative Banks Really Serve Agricultural Sector in Poland? AgEcon
Zawojska, Aldona; Siudek, Tomasz.
The aim of the paper is to assess the potential of cooperative banks for serving agricultural sector in Poland and to identify the areas with the most development potential. We discuss the transformation process in the cooperative banking system under market economy, and in particular investigate importance of cooperative banks for farms' financing on the basis of our survey of banks. Moreover, the role of cooperative banks in transmission of Government policy supporting farm sector in Poland is discussed. We find that despite growing competition from the commercial banking sector, farms and rural households in Poland are still of major importance for the cooperative banks in Poland.
Tipo: Conference Paper or Presentation Palavras-chave: Cooperative banks; Agricultural sector; Poland; Agricultural Finance; G21; O18; Q14.
Ano: 2005 URL: http://purl.umn.edu/24479
Imagem não selecionada

Imprime registro no formato completo
Pure Contagion Effects in International Banking: The Case of BCCI´s Failure AgEcon
Kanas, Angelos.
We test for pure contagion effects in international banking arising from the failure of the Bank of Credit and Commerce International (BCCI), one of the largest bank failures in the world. We focused on large individual banks in three developed countries where BCCI had established operations, namely the UK, the US, and Canada. Using event study methodology, we tested for contagion effects using time windows surrounding several known BCCI-related announcements. Our analysis provides strong evidence of pure contagion effects in the UK, which have arisen prior to the official closure date. In contrast, there is no evidence of pure contagion effects in the US and Canada.
Tipo: Journal Article Palavras-chave: Bank failures; Pure contagion effects; Event study methodology; Abnormal returns; G21; G28.
Ano: 2005 URL: http://purl.umn.edu/37495
Imagem não selecionada

Imprime registro no formato completo
Agricultural Insurances Based on Meteorological Indices: Realizations, Methods and Research Agenda AgEcon
Leblois, Antoine; Quirion, Philippe.
In many low-income countries, agriculture is mostly rain-fed and yields highly depend on climatic factors. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and transaction costs. Insurances based on meteorological indices could fill this gap since they do not face such drawbacks. However their implementation has been slow so far. In this article, we first describe the most advanced projects that have taken place in developing countries using these types of crop insurances. We then describe the methodology that has been used to design such projects, in order to choose the meteorological index, the indemnity schedule and the insurance premium. We finally draw an agenda for research in...
Tipo: Working or Discussion Paper Palavras-chave: Agriculture; Insurance; Climatic Risk; Environmental Economics and Policy; G21; O12; Q12; Q18; Q54.
Ano: 2010 URL: http://purl.umn.edu/91004
Imagem não selecionada

Imprime registro no formato completo
EFFECTS OF OWNERSHIP RESTRICTIONS ON FARMLAND VALUES IN SASKATCHEWAN AgEcon
Carlberg, Jared G..
Restrictions on the ownership of farmland by nonresidents of Saskatchewan were imposed by the Farmland Security Act (FSA) in 1974. The FSA has been blamed by some observers for depressed provincial land values. An adaptive expectations present value model is developed to estimate the effects of the FSA, with the province of Alberta included as a control. Results of seemingly unrelated regressions and generalized autoregressive conditional hetereoscedasticity estimates find no statistically significant effect of the FSA on the value of land in Saskatchewan. This may indicate that the effect of the regulatory change is too small to be measured accurately.
Tipo: Journal Article Palavras-chave: Adaptive expectations; Farmland Security Act; Generalized autoregressive conditional heteroscedasticity; Present value; Seemingly unrelated regressions; Land Economics/Use; C51; G21; Q18.
Ano: 2002 URL: http://purl.umn.edu/15473
Imagem não selecionada

Imprime registro no formato completo
Política económica y desarrollo del sistema financiero peruano, parte I: diagnóstico AgEcon
Caceres Valderrama, Armando; Nagamine Akamine, Javier.
Este documento realiza un diagnóstico de la situación del sistema financiero peruano a principios de 1990. La principal problemática que se observa es la pérdida de importancia del sistema financiero en el proceso ahorro-inversión en el Perú que se agudiza a partir de 1988. Este es un primer paso para la elaboración de una propuesta de reforma del sistema financiero.
Tipo: Working or Discussion Paper Palavras-chave: Sistemas bancarios; Mercado financiero; Politica economica; Banking systems; Financial market; Economic policy; Peru; Financial Economics; E62; G21; N26.
Ano: 1991 URL: http://purl.umn.edu/42261
Registros recuperados: 37
Primeira ... 12 ... Última
 

Empresa Brasileira de Pesquisa Agropecuária - Embrapa
Todos os direitos reservados, conforme Lei n° 9.610
Política de Privacidade
Área restrita

Embrapa
Parque Estação Biológica - PqEB s/n°
Brasília, DF - Brasil - CEP 70770-901
Fone: (61) 3448-4433 - Fax: (61) 3448-4890 / 3448-4891 SAC: https://www.embrapa.br/fale-conosco

Valid HTML 4.01 Transitional