market imperfections
Exports and Exchange Rate Movements: The Role of Credit Market Imperfections
... market imperfections. First, the main measurement of the credit market imperfections employed in this study is the foreign liability of the banking sector that is expressed as a ratio to GDP ...
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Agricultural Productivity Differences and Credit Market Imperfections
... credit market imperfections for the large agricultural labor productivity differences across countries based on the well-established theory and evidence that credit market imperfections are an ...
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Bank Portfolio Management under Credit Market Imperfections
... credit market imperfections in its entirety and complementary mar- ket innovations like diversification through financial innovations like credit de- fault swaps and financial restructuring through mergers ...
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Uninsurable Entrepreneurial Risk, Capital Market Imperfections, and Heterogeneity in the Macroeconomy
... capital market imperfections, makes our model more di¢cult to solve because the equilibrium factor prices now depend on both aggregate capital stock and aggregate labor employment in the corporate sector, ...
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The Rise of the Working Rich, Market Imperfections, and Income Inequality
... and the large differences across the rich countries (see Figure 8-9 in Atkinson et al. (2011) for more countries). The former suggests that we should focus on the factors, occurring especially during and after 1970s, ...
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Endogenous Growth and Fluctuations in an Overlapping Generations Economy with Credit Market Imperfections
... At the intermediate level of financial development, as the degree of credit market imperfections diminishes, growth rates exhibit endogenous fluctuations for some parameter values.. Howeve[r] ...
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Monetary transmission mechanism: Heterogeneous information, inventories, and credit market imperfections
... open market operations which can affect market interest rates, and then the transmission may proceed through several ...credit-market imperfections through the quantity of bank loans (bank ...
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Market Imperfections and Crowdfunding
... Finally, note that from Lemma 1, large projects, in most cases, prefer equity- based crowdfunding. As mentioned previously, in our case this is not due to the presence of …nancial market imperfections but ...
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Investments and capital market imperfections, identification issues: a survey
... capital market imperfections and investment, empirical literature has found it difficult to identify this ...capital market imperfections on firms’ ...the market value of the capital ...
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External terms of trade and labor market imperfections in developing countries: theory and evidence
... Then, we have conducted a quantitative assessment of the theoretical result based on an annual panel dataset of 13 small developing countries over the recent time period of 2000-2012. In terms of economic growth, this ...
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Dynamic economic decision problems under behavioural preferences and market imperfections
... This thesis attempts to expand the classical theory by studying three di↵erent dy- namic economic decision problems featuring behavioural preferences and market imperfec- tions. The unifying goal is to investigate ...
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Credit market imperfections: Macroeconomic consequences and monetary policy implications
... consumption...’ (April 2001). Similarly, the Fed Chairman Alan Greenspan stated ‘And thus far this year, consumer spending has indeed risen further, presumably assisted in part by a continued rapid growth in the ...
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“Corporate investment, cash flow level and market imperfections”
... We study firms in each of the following industries: Manufacturing, Construction, Transportation, Computer and Data Technology, and Hotels and Restaurants.6 The general empirical characte[r] ...
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An Empirical Study: Financial Market Imperfections and Investment
... case of financial-imperfections, firms with higher profits imply less cost in internal finance. So, we can expect that these firms invest more. But, according to free cash flow hypothesis by Jensen(1986) and ...
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Credit market imperfections, nominal rigidities, and business cycles
... Chapter 5 studied the role of credit market shocks in business cycle dynamics. Speci…cally, the chapter focused on an exogenous increase in the variance of idio- syncratic shocks entrepreneurs are subject to. In ...
156
On taxes, labour market distortions and product market imperfections
... product market compe- tition those studies are only partially able to capture the development of labour market policies and their outcomes over ...product market policies, Nicoletti and Scarpetta ...
246
Money, reputation and inventories under credit market imperfections
... 00001t tif 1 M oney, R ep u ta tio n and In ven tories U n d er C redit M arket Im p erfection s by U r s H a e g l e r London School o f Economics and Political Science Thesis su b m itte d in p arti[.] ...
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The financial structure of the Tunisian listed businesses: an application on panel data
... From a financial point of view, the objective of a business is to create value; which means being able to carry out an investment that reached a profitability rate exceeding the rate of profitability required considering ...
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Firms' voluntary disclosure strategies: the presentation and disclosure of derivative financial instruments
... The attributes examined relate to: 1 legitimacy and reputation concerns of individuals and firms; 2 the firm's need to engage in hedging activities due to market imperfections, contracti[r] ...
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Raising Finance in the Kenyan Bond Market (A Case of Listed Companies on the Nairobi Stock Exchange)
... bond market include: market imperfections such as underdeveloped financial system may constrain firms’ ability to fund investments; administrative pricing of corporate bonds and price controls fails ...
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