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This paper examines the role and determinants of collateral in emerging markets compared to mature ones. Analyzing a … higher there than in developed markets. Thai banks use collateral primarily to reduce the higher credit risks of small and … relatively young firms. Long credit relationships do not reduce collateral requirements by lowering information asymmetry. Market …
Persistent link: https://www.econbiz.de/10005134744
The Report on a Right of Use for Collateral Takers and Custodians examines on what basis collateral takers can dispose … of the assets of collateral providers, and custodians of those of their clients. The report describes the current legal … (Collateral Directive, Investment Services Directive). The report contains a Tax Appendix. …
Persistent link: https://www.econbiz.de/10005126022
economic activity and regional property values (the latter representing collateral effects) reduce regional insolvencies. An …
Persistent link: https://www.econbiz.de/10005407642
The paper measures economic loss from the problem of inadequate collateral in Bulgaria and proposes solutions …
Persistent link: https://www.econbiz.de/10005561596
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005076613
. Reasonable estimates of the size of the inflationary bias in the Czech Republic suggest that conventionally reported declines in …
Persistent link: https://www.econbiz.de/10005126136
The New-Keynesian Phillips curve plays a central role in modern macroeconomic theory. A vast empirical literature has estimated this structural relationship over various postwar full-samples. While it is well know that in a New-Keynesian model a weak central bank response to inflation generates...
Persistent link: https://www.econbiz.de/10005126312
/or failing to assess correctly the quality of their private signal. We evaluate the impact of the considered bias on the …
Persistent link: https://www.econbiz.de/10005134796
Studies suggest a bias against the publication of null (p > .05) results. Instead of significance, we advocate …
Persistent link: https://www.econbiz.de/10005062675
, the root mean square error, bias and finally directional accuracy. The forecasts are even compared to naive random walk … by the naive random walk model. Tests of bias indicate that the Swedish forecasters underestimate GDP-growth and …, root mean square error, directional accuracy, bias, revisions, final respective preliminary outcomes, Theil index, naïve …
Persistent link: https://www.econbiz.de/10005412654