Rural Financial Information Service Platform Under Smart Financial Environment

Production and Financial Policies under Asymmetric Information

We propose an extension of the standard general equilibrium model with production and incomplete markets to situations in which (i) private investors have limited information on the returns of specific assets, (ii) managers of firms have limited information on the preferences of individual shareholders. The extension is obtained by the assumption that firms are not traded directly but grouped i...

Bsdes under Partial Information and Financial Applications

In this paper we provide existence and uniqueness results for the solution of BSDEs driven by a general square integrable martingale under partial information. We discuss some special cases where the solution to a BSDE under restricted information can be derived by that related to a problem of a BSDE under full information. In particular, we provide a suitable version of the Föllmer-Schweizer d...

Rural Hospital Financial Conditions

Environment and Financial Markets

We propose to put the environment into financial markets. We shall explain how to do it, and why the financial approach is practically the only one able to stop and invert environmental degradation. We shall concentrate on deforestation, which is the largest environmental problem in the third world, and explain how to start the project and what kind of optimization problems should be solved to ...

Globalization under Financial Imperfection

The paper investigates the effects of international trade in goods and capital movement on the productivity distribution and industry-wide productivity when countries are heterogeneous in the quality of their financial institutions. In autarky, firm heterogeneity in their productivities arises in countries with poor financial institutions, while all firms adopt a high-productivity technology in...