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While virtually all currency crisismodels recognise that the fate of a currency peg depends on how tenaciously policy makers defend it, they seldom model how this is done. We incorporate themechanics of speculation and the interest rate defence against it in the model ofMorris and Shin (American...
Persistent link: https://www.econbiz.de/10004935624
Persistent link: https://www.econbiz.de/10009378084
Der Einfluss von Unsicherheit auf das Investitionsverhalten von Unternehmen ist Gegenstand einer fortdauernden …, Finanzierungsrestriktionen und Risikoaversion eine dämpfende Wirkung erwarten. Auf der anderen Seite kann die Fähigkeit von Unternehmen, sich …
Persistent link: https://www.econbiz.de/10011418846
In order to shed light on the "black box" of institutional equity investing in a systematic manner, I conducted a broadly based questionnaire which received a large response from German mutual fund companies. The survey asked fund managers for their basic views and practices and for insights...
Persistent link: https://www.econbiz.de/10011419358
The traditional monetary policy transmission mechanism is based on the fact that, in the wake of a restrictive monetary policy stance, the interest rate rises and that therefore interest-rate-related variables, such as corporate asset formation, dec1ine or increase less sharply than at the given...
Persistent link: https://www.econbiz.de/10010469550
The traditional monetary policy transmission mechanism is based on the fact that, in the wake of a restrictive monetary policy stance, the interest rate rises and that therefore interest-rate-related variables, such as corporate asset formation, decline or increase less sharply than at the given...
Persistent link: https://www.econbiz.de/10010469551
This paper surveys empirical and theoretical studies of various control mechanisms embedded in venture capital contracts. These mechanisms mitigate incentive problems and opportunistic behavior arising in the uncertain environment of financing young hightechnology enterprises that predominantly...
Persistent link: https://www.econbiz.de/10011473815
Persistent link: https://www.econbiz.de/10013261118
Die Fremdkapitalfinanzierung der deutschen Unternehmen erlebt derzeit drastische Umbrüche, die mit dem Näherrücken der … Kreditgewerbe bei. „Kein Kredit ohne Rating“ wird so zur Grundregel, auf die sich die Unternehmen einstellen müssen. Basel II räumt … Ratings werden umfassende Informationen über das Unternehmen benötigt. Gerade für den Mittelstand bedeutet dies ein Umlernen …
Persistent link: https://www.econbiz.de/10011901418