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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

Tranching in the Syndicated Loan Market

Cumming, D.; McCahery, J.A.; Schwienbacher, A. - Tilburg University, Center for Economic Research - 2011

We use data comprising over 100,000 loans from 115 countries during 1995-2009 to examine factors that affect the extent of loan tranching, and the range of tranche spreads. The data show five factors that drive them: asymmetric information, borrower risk, transaction costs, the presence of...

Persistent link: https://www.econbiz.de/10011092615

Mandatory Disclosure of Blockholders and Related Party Transactions : Stringent Versus Flexible Rules

McCahery, J.A.; Vermeulen, E.P.M. - Tilburg University, Center for Economic Research - 2011

Investor confidence in financial markets depends in large part on the existence of an accurate disclosure and reporting regime that provides transparency in the beneficial ownership and control structures of publicly listed companies. Today, a common post-financial crisis regulatory reform theme...

Persistent link: https://www.econbiz.de/10011091779