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General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies

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Listed author(s):
  • Lim, Y.
  • Townsend, R.M.

Abstract

The transactions and production file are used to create measures of the use of currency and crop inventory as well as changes in real capital assets, livestock, and net indebtedness for three ICRISAT villages in India's semi-arid tropics. These asset data are used with income and consumption data to judge the goodness of fit for three models: complete markets or an equivalent set of institutions, exogenously incomplete market models, and endogenously incomplete mechanism design models with moral hazard.

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Paper provided by Centro de Estudios Monetarios Y Financieros- in its series Papers with number 9716.

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Length: 55 pages
Date of creation: 1997
Handle: RePEc:fth:cemfdt:9716
Contact details of provider: Postal:
Centro de Estudios Monetarios Y Financieros. Casado del Alisal, 5-28014 Madrid, Spain.

Phone: 914290551
Fax: 914291056
Web page: http://www.cemfi.es/
Email:


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Keywords: GENERAL EQUILIBRIUM ; INDIA ; VILLAGES ; FINANCIAL ADMINISTRATION;

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Find related papers by JEL classification:
  • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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