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Fostering Capital Markets in a Bank-based Financial System: A Review of Major Conceptual Issues
TLDR
The paper as discussed by the authors was prepared while the author was a professor of economics at the University of Osaka and a Visiting Scholar at the ADB Institute, and the author thanks Masaru Yoshitomi, Hidenobu Okuda, and anonymous referees for useful comments.Abstract:
This paper was prepared while the author was a professor of economics at the University of Osaka and a Visiting Scholar at the ADB Institute. Without implicating, the author thanks Masaru Yoshitomi, Hidenobu Okuda, and anonymous referees for useful comments. The views expressed in the paper do not necessarily represent those of the International Monetary Fund, the Independent Evaluation Office, or the ADB Institute.read more
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Economics of Education
TL;DR: The Control of EducationBy John Vaizey as mentioned in this paper. Pp. 263. 30s. (London: Faber and Faber, 1963) and p. 1.
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Some evidence on the uniqueness of bank loans
TL;DR: In this article, the authors present evidence that banks provide some special service with their lending activity that is not available from other lenders, and they find evidence that bank borrowers, not CD holders, bear the cost of reserve requirements on CDs.
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Globalization, Technology, and Asian Development
TL;DR: In this paper, the authors focus on the economic dimensions of globalization and try to relate them in a more positive way to development, and distinguish between short-term and long-term capital flows, and between foreign direct investment and short-time capital flows.
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Women's Schooling, Home Teaching, and Economic Growth
TL;DR: The hypothesis that increases in the schooling of women enhance the human capital of the next generation and thus make a unique contribution to economic growth is assessed on the basis of data describing green revolution India as discussed by the authors.
References
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A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.
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Credit Rationing in Markets with Imperfect Information.
Joseph E. Stiglitz,Andrew Weiss +1 more
TL;DR: In this paper, a model is developed to provide the first theoretical justification for true credit rationing in a loan market, where the amount of the loan and amount of collateral demanded affect the behavior and distribution of borrowers, and interest rates serve as screening devices for evaluating risk.
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Job Market Signaling
TL;DR: In this paper, the authors present a model in which signaling is implicitly defined and explains its usefulness, in which the employer is not sure of the productive capabilities of an individual at the time he/she hires him.
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Bank Runs, Deposit Insurance, and Liquidity
TL;DR: The authors showed that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits, and showed that there are circumstances when government provision of deposit insurance can produce superior contracts.
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Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.