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MAcMap-HS6 2007, an exhaustive and consistent measure of applied protection in 2007
Guimbard, Houssein; Jean, Sébastien; Mimouni, Mondher; … - Centre d'études prospectives et d'informations … - 2012
, proposes an exhaustive and consistent measure of applied, preferential tariff protection in 2007. The methodology, similar to … computing ad valorem equivalents of tariff protection, and when computing averages at aggregate levels. The world average … applied protection level in 2007 is estimated to be 4.4%. Compared to 2004, this is a decline by nearly 0.7 percentage point …
Persistent link: https://www.econbiz.de/10010604044
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Role of the Economic Characteristics of Collateral
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper offers a possible explanation for the conflicting results in the literature concerning the empirical relation between collateral and loan risk. We posit that certain economic characteristics of collateral may be associated with the empirical dominance of different...
Persistent link: https://www.econbiz.de/10011090718
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Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2010
Collateral is a widely used, but not well understood, debt contracting feature. Two broad strands of theoretical literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems between borrowers and lenders. However, the extant...
Persistent link: https://www.econbiz.de/10011092269