An efficient resource sharing strategy is proposed for multimedia wireless networks. Assume the channel resource in a wireless system is partitioned into two sets: one for voice calls and one for video calls. In the proposed channel borrowing strategy, voice calls can borrow channels from those pre-allocated to video calls temporarily when all voice channels are busy. A threshold type decision ...

A small depository institution with a history of a pronounced seasonal increase in loans relative to deposits may borrow a substantial portion of its projected excess from a Federal Reserve Bank at the basic discount rate. In the aggregate, this seasonal borrowing program provides only a scant source of funds to the financial system, within a framework that is essentially the same as when the p...

Our objective in this article is to study analytically the effect of borrowing constraints on asset returns. We explicitly characterize the equilibrium for an exchange economy with two agents who differ in their risk aversion and are prohibited from borrowing. In a representative-agent economy with CRRA preferences, the Sharpe ratio of equity returns and the riskfree rate are linked by the risk...

This paper presents the first set of borrowing agreements that have been finalized as part loan mobilization round launched in July 2021 to cover cost pandemic-related lending and support self-sustainability Poverty Reduction Growth Trust (PRGT). All presented use SDRs context SDR channeling together provide a total 2.85 billion new PRGT resources for low-income countries (LICs).

Models of investment and borrowing for education typically treat the family as a unitary decision-maker. Doing so may conceal the nature of borrowing constraints, since adults with college-age children are likely at a life-cycle stage where credit constraints are not important. We instead propose a simple model of altruistic parents and a child where both parties can make investments for educat...

It is often the case that banks in the US are willing to borrow in the fed funds market (the interbank market for funds) at higher rates than the ones they could obtain by borrowing at the Fed’s discount window. This phenomenon is commonly explained as the consequence of the existence of a stigma effect attached to borrowing from the window. We provide a model where market participants may rega...

Is the observed large increase in consumer indebtedness since the 1980s beneficial for U.S. consumers? This paper quantitatively studies the macroeconomic and welfare implications of relaxing borrowing constraints when consumers exhibit a hyperbolic discounting preference. The model can capture two contrasting views: the positive view, which links increased indebtedness to financial innovation ...

BACKGROUND Prescription medication borrowing and sharing is a behaviour that has been identified in patients of all ages. This behaviour is recognised by medical researchers and government health authorities as a potential risk factor in adverse drug events across the community. OBJECTIVE This article discusses prescription medication borrowing and sharing and identifies populations more like...

This paper looks at public sector debt in developing countries, being concerned specifically with the relationship between aid inflows and the public sector borrowing requirement net of aid loans. After examining the public sector budget constraint and various conditions under which aid might lead to an increase in this borrowing, the paper surveys the empirical results of literature on aid and...