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Registros recuperados: 37 | |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Registros recuperados: 37 | |
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