Results 231 to 240 of about 2,647 (311)

Restructuring IMF Facilities to Separate Lender of Last Resort and Conditionality Programs: The Meltzer Commission Recommendations as Complements rather than Substitutes [PDF]

Thomas D. Willett
core  

Segment information disclosure and trade credit

Journal of Financial Research, EarlyView.
Abstract We examine the effect of mandatory segment disclosure on trade credit financing. Segment disclosure reduces the information advantage of suppliers relative to investors in evaluating firm default risk, reducing firms' reliance on trade credit. Exploiting the adoption of SFAS 131 as a shock to segment disclosure, we find that segment disclosure
Obada Almajali, Phil Holmes, Bin Xu
wiley   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

Journal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN, DAVID MARSHALL, ROBERT L. MCDONALD   +2 more
wiley   +1 more source

Banking with Inside Money: An Efficiency Analysis

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO, HUGO RODRÍGUEZ MENDIZÁBAL   +1 more
wiley   +1 more source

Ploughing for Justice: Land Return, Clientelism and Citizenship in Central Burma

Journal of Agrarian Change, EarlyView.
ABSTRACT This article asks if clientelism is a form of citizenship in an agrarian society under military domination. It focuses on the efforts made by villagers in central Burma to recover land previously grabbed by force by the military state. A promise of land return during the political transition of the 2010s enabled dispossessed farmers to define ...
Stéphen Huard, Mya Dar Li Thant
wiley   +1 more source

Agro‐Industrial Enclosures: Food Security, Land Consolidation and Rural Displacement in China

Journal of Agrarian Change, EarlyView.
ABSTRACT This paper examines rural enclosures for industrialized agriculture as a window into the local political economy and territorial politics underlying projects of agricultural modernization. In recent years, agro‐industrial parks with ‘characteristic’ industries have proliferated in China as the government viewed it as a technical solution to ...
Karita Kan
wiley   +1 more source

Between Dispossession and Inclusion: Land Injustice and Project‐Based Citizenship in the Bagré Irrigation Scheme (Burkina Faso)

Journal of Agrarian Change, EarlyView.
ABSTRACT Large‐scale irrigation schemes are central to agrarian transformation in sub‐Saharan Africa, yet their political implications are often reduced to questions of land redistribution or agrarian differentiation. Although existing scholarship has documented how irrigation restructures agrarian relations and generates dispossession, less attention ...
William's Daré
wiley   +1 more source