economic conditions

  1. J

    Effects of banks on debt sensitive small businesses

    Description The purpose of this paper is to identify which small businesses are most “debt sensitive”, or most likely to be affected by banking market conditions Journal of Financial Economic Policy Effects of banks on “debt-sensitive” small businesses Allen N. Berger Philip Ostromogolsky...
  2. J

    How can economic and political liberalisation improve financial development in African

    Description The objective of this paper is to study the interactions between economic liberalisation, political liberalisation, and financial development in African countries. More specifically, the paper seeks to establish the impact of economic, political, and institutional openness on...
  3. J

    An autopsy of the US financial system accident suicide or negligent homicide

    Description The purpose of this postmortem is to assess whether the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system’s demise Journal of Financial Economic Policy An autopsy of the US financial...
  4. J

    Systemic risk coordination failures and preparedness externalities

    Description Sometimes resources are badly employed because of coordination failures. Actions by decision makers that affect the likelihood of such failures are sometimes said to cause “systemic risk.” This paper seeks to consider the externality in the choice of ex ante risk management policies...
  5. J

    The economic impact of a shift from hard to fuzzy contracts

    Description This paper aims to explain the economic impact of the change in the degree of contract enforcement in the USA since August 2008. This change, from solid enforcement (hard contracts), to uncertain enforcement (fuzzy contracts), is a result of political expediency during an economic...
  6. J

    Should funds invest in socially responsible investments during downturns

    Description The purpose of this paper is to investigate whether socially responsible investment (SRI) is less sensitive to market downturns than conventional investments; the legal implications for fund managers and trustees; and possible legislative reforms to allow conventional funds more...
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