From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

From boom to bust : how different has microfinance been from traditional banking ?

How Intranet Has Been Evolving in Banking: A Longitudinal Research

This article aims to provide the state of the art of Intranet in Italian banking industry and its evolution since 2004. The research involves a panel of banks (which covers the 80% of the Italian banking industry in terms of employees) and is based on both longitudinal case studies and survey. Two evolution era have been identified and frameworks reported. Findings reveal that, although followi...

Biology Boom Goes Bust

Political and industrial factors-beyond the economic headwinds-may be causing public investment in biomedical research to slow down around the world.

From Boom til Bust: How Loss Aversion A ects Asset Prices

In 1996 Alan Greenspan warned that stock prices were \unduly escalated" and re ected \irrational exuberance". In this paper we describe an economy that can support a prolonged surge of asset prices, accompanied by a sharp increase of volatility. We study an equilibrium model where some agents are risk averse while others have loss averse preferences over wealth, according to prospect theory. We...

Credit-Induced Boom and Bust∗

Can a credit expansion induce a boom and bust in house prices and real economic activity? This paper exploits the federal preemption of national banks from local laws against predatory lending to gauge the effect of the supply of credit on the real economy. Specifically, we exploit the heterogeneity in the market share of national banks across counties in 2003 and that in state anti-predatory l...