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This paper investigates the relationship between disclosure and bank CDS spread during the sovereign debt crisis over …
Persistent link: https://www.econbiz.de/10011273974
question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … structure. In comparison with a Diamond-Dybvig bank which funds loans with demand deposits only, a capitalized financial …
Persistent link: https://www.econbiz.de/10010707190
During this interview, Joel Metais retraces the milestones in the history of the financial industry, suffering under the constraints, as least as far as retail banks are concerned, of rules and regulations constituting thinly veiled protectionism, which in Europe has at last begun to give way to...
Persistent link: https://www.econbiz.de/10011072201
previously developed relationship with a lead bank obtained a lower spread and a longer maturity during the financial crisis but …
Persistent link: https://www.econbiz.de/10010960595
Purpose – This paper focuses on the decision by firms to commit and to invest unilaterally. It is concerned with the intriguing question as to whether unilateral commitments are mechanisms that help a firm manage risks in alliance relationships in a proactive manner....
Persistent link: https://www.econbiz.de/10010905068
Persistent link: https://www.econbiz.de/10010905290
Strategic alliances are characterized by inherent instability arising from uncertainty regarding a partner’s future behaviour and the absence of a higher authority to ensure compliance. Consequently, when firms adopt these strategies, they are confronted with a relational risk. This paper...
Persistent link: https://www.econbiz.de/10010905395
Since bank credit lines are a major source of corporate funding, we examine the determinants of credit line usage with …
Persistent link: https://www.econbiz.de/10005022273
6TThere are major difficulties associated with measurement of each of the four modes of services trade delivery as defined in the General Agreement on Trade in Services (GATS) : cross-border supply, consumption abroad, commercial presence, and movement of natural persons. The...
Persistent link: https://www.econbiz.de/10009653170
6TThere are major difficulties associated with measurement of each of the four modes of services trade delivery as defined in the General Agreement on Trade in Services (GATS) : cross-border supply, consumption abroad, commercial presence, and movement of natural persons. The...
Persistent link: https://www.econbiz.de/10009653186