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Emerging economies

Publication

Price-setting Behavior and Competition in Developing Countries: An Analysis of Retail Outlets in Lesotho

Mamello Nchake, Lawrence Edwards and Asha Sundaram
We study the relationship between price-setting behavior and the degree of competition in a setting where markets and information flows are relatively imperfect. Using a unique dataset that combines survey data on retail outlets in Lesotho, and detailed historical information on their product...
Dec 2015
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Publication

Bank Deposit Contracts Versus Financial Market Participation in Emerging Economies

Alexander Zimper
The financial sector of emerging economies in Africa is characterized by a non-competitive banking sector which dominates any direct participation of agents in asset markets. Based on a variant of Diamond and Dybvig's (1983) model of financial inter-mediation, we formally explain both stylized...
Jun 2013
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