THE PUBLIC DEBT: HINDRANCE OR ADVANTAGE TO CREDIT CONTROL?

Pharmacy legislation: public protector or professional hindrance?

Pharmacy originates from a background of medication compounding and supply. More recently, this role has developed away from an absolute focus on the supply of pharmaceuticals with, for example, the advent of pharmacist prescribing. Nevertheless, for a majority of the profession, medication supply remains a core activity. Regulation of the pharmacy profession is now the responsibility of the Ge...

Credit Card Debt Puzzles

Two thirds of US households hold bank type credit cards, and most of them revolve high-interest card debt. Standard models cannot account for the observed co-existence of such debt with (i) substantial asset accumulation by retirement age, and (ii) substantial holdings of low-rate liquid assets. Hyperbolic discounting can resolve the former but not the second puzzle (Laibson, et al., 2000). Ber...

Stimulus or hindrance to Pakistan’s private sector?

The cornerstone of the government’s adjustment program is to increase the efficiency of private investment and activity by deregulating the economy and promoting competition. The counterpart of this fundamental strategy is the need to increase the effectiveness of the public sector which in Pakistan had become overextended. To this end, public sector resources and management capacity are being ...

Private or Public Debt? Effect of Crisis on Financial Intermediation

How did the crisis impact financial intermediation? We address this question by studying a unique market segment, viz. foreign private debt issued in the U.S, which grew in size despite the financial crisis. Specifically foreign private (or Rule 144A) debt issued in U.S. registered over a five-fold increase compared to public (or Yankee) debt between pre-crisis and crisis periods, while at the ...

The “ creative - schizotype ” : Help or hindrance to team - level innovation ?