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Book Review--Doing Business in Asia’s Booming “China Triangle”

Kumar, Deepak - EconWPA - 2005

The book encapsulates the ways and means of doing business with China, and the opportunities out there. It reveals how … China has transformed itself for the investors by creating a friendly environment; but,nevertheless, cultural and social … aspects must not be forgotten while dealing with them. The book is divided into four parts. These are: • The China Triangle …

Persistent link: https://www.econbiz.de/10005408008

Trade credit in Italy: Evidence from individual firm data

Marotta, Giuseppe - EconWPA - 2000

-defined bank lending rationed and non rationed firms, interfirm credit received is, if ever, only slightly more expensive than bank …

Persistent link: https://www.econbiz.de/10005076953

A Model of Dynamic Liquidity Contracts

Ozgur, Onur - EconWPA - 2005

The main goal of this paper is to analyze the nature of long-term liquidity contracts that arise between lenders and borrowers in the absence of perfect enforceability and when both parties are financially constrained. We study an infinite horizon dynamic contracting model between a borrower and...

Persistent link: https://www.econbiz.de/10005413259

Sequential Models of Bertrand Competition for Deposits and Loans under Asymmetric Information

Bracoud, Frédérique - EconWPA - 2002

This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks are free to reject customers and cannot distinguish among borrowers. The timing of competition is crucial when customers apply once. Interest rates are pushed upwards when the...

Persistent link: https://www.econbiz.de/10005550896

Finance, Technology and Inequality in Economic Development

Horii, Ryo; Ohdoi, Ryoji; Yamamoto, Kazuhiro - EconWPA - 2005

This paper presents an overlapping generations model with technology choice and credit market imperfections, in order to investigate a possible source of underdevelopment. The model shows that a better financial infrastructure that provides stronger enforcement of contracts facilitates the...

Persistent link: https://www.econbiz.de/10005118853

Credit Rationing and Internal Ratings in the face of Innovation and Uncertainty

Fioretti, Guido - EconWPA - 2005

Some empirical investigations are pointing to the fact that high-tech firms are subject to credit rationing to a higher extent than the average. This excess of credit rationing may not be due to information asymmetries, but rather to the inability of credit institutions to screen projects in...

Persistent link: https://www.econbiz.de/10005561669

Credit Rationing, Bankruptcy Cost, and Optimal Debt Contract for Small Business

Yan, Ying - EconWPA - 1996

This paper examines the relationship between debt contract and the process of resolving financial distress, through either debt restructuring or bankruptcy procedure. It effectively justifies the popularity of the standard debt contract by demonstrating that the standard debt contract is the...

Persistent link: https://www.econbiz.de/10005561709

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Hayo, Bernd; Shin, Doh - EconWPA - 2002

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...

Persistent link: https://www.econbiz.de/10005407644

Extending the Merton Model: A Hybrid Approach to Assessing Credit Quality

Benos, Alexandros; Papanastasopoulos, George - EconWPA - 2005

In this paper we have combined fundamental analysis and contingent claim analysis into a hybrid model of credit risk measurement. We have extended the standard Merton approach to estimate a new risk neutral distance to default metric, assuming a more complex capital structure, adjusting for...

Persistent link: https://www.econbiz.de/10005134687