This paper quantitatively investigates the sustainability of the universal health insurance coverage (UHI) system in Thailand while taking into account the country's rapidly aging population and large informal labor sector. We examine the effects of population aging and informal employment across three tax options for financing the UHI. A modern dynamic general equilibrium framework is utilized...

This study is on the determinants of credit access by small scale farmers in Dekina Local Government Area of Kogi State, Nigeria. The specific objectives are to; identify the major source of credit among the small scale farmers; estimate the determinants of farmers’ access to formal credit; compare the farm income of farmers who have access to formal credit and those who have not and identify c...

This meeting was organised jointly by Darrell Duffie (Stanford), Paul Embrechts (Zürich) and Hans Föllmer (Berlin). In 28 talks and many informal discussions, it covered a wide range of problems in finance and insurance which involve advanced methods of stochastic analysis. Key topics included: – incomplete financial markets, in particular stochastic volatility, equilibrium analysis, stochastic...

As it is well known, the theory of cooperative games finds applications in many fields. The goal of this paper is to highlight some applications of cooperative games, resulting from the cooperation between the Universities of Bergamo and Krakow, and some related open problems. The paper is organized in three main sections. The first deals with the description of some specific fields where the t...

In this paper we examine and compare the legal and institutional set-ups in China and India. China differs from most of the countries studied in the law, institutions, finance, and growth literature: Its legal and financial systems as well as institutions are all underdeveloped, but its economy has been growing at a very fast rate. Despite its English common-law origin and British-style judicia...

Using a sample of Chinese households, we study how type social capital, private networks, affects access to credit and its implications for consumption. We find strong likely causal link between use informal credit, household Informal via networks facilitates consumption especially households that experienced recent health shock, face financial constraints, do not have formal finance, the effec...

The paper established the facts that poverty is indeed increasing in Nigeria based on the poverty assessment study commissioned and sponsored by the World Bank in 1995. It further indicated in the introduction that the World Bank and the IMF group are focusing on poverty reduction as a prerequisite for debt relief. The paper is structured into five sections with introduction being section one. ...

How do the smallest firms in Mexico finance their operations? We examine this question using data from surveys of microenterprises undertaken in 1994 and 1998. The survey identifies sources of startup capital, and also provides information on current bank loans and access to trade credit from suppliers. There is evidence that the credit crunch experienced by Mexico in the second half of the 199...