Showing 1 - 10 of 18
actions by bank owners to change management, contract with depositors to extend liability maturity structure, write off bad … assets, and/or inject capital affected bank survival and deposit retention. This historical episode is particularly …
Persistent link: https://www.econbiz.de/10013334444
What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers more than longer time series or special `controlled experiments.' It suggests an historical definition of the economy, which has implications for macroeconometric methods. The...
Persistent link: https://www.econbiz.de/10012473969
Cross-sectional differences are associated with differences in the intensity with which venture capitalists network. The observable factors relevant in explaining the intensity with which venture capitalists network include: 1) the value of the information transmitted through the network, 2) the...
Persistent link: https://www.econbiz.de/10012467333
Emerging market corporations have significantly increased their borrowing in international markets since 2008. We show that this increase was driven by large-denomination bond issuances, most of them with face value of exactly US$500 million. Large issuances are eligible for inclusion in...
Persistent link: https://www.econbiz.de/10012479928
The history of the financing of the American corporation can be described along many dimensions. One dimension of that history that underlies various measures of historical change in corporate finance is the range of feasible relationships between corporations and intermediaries. Intermediaries...
Persistent link: https://www.econbiz.de/10012473415
Little is known about the characteristics of individual commercial paper issuers, or about the reasons for the countercyclical issuance of commercial paper in the aggregate. To address these issues we construct a new panel dataset linking Moody's data on commercial paper issues with Standard and...
Persistent link: https://www.econbiz.de/10012474063
We use issuance-level data to study how equity capital inflows that enter emerging market economies affect equity issuance and corporate investment. We show that foreign inflows are strongly correlated with country-level issuance. The relation reflects the behavior of large issuers issuing in...
Persistent link: https://www.econbiz.de/10012453281
macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market … discipline has played an important role in prudential regulation by encouraging proper risk management by banks. There is …
Persistent link: https://www.econbiz.de/10012471046
Standard valuation methods do not lend themselves to bank holding companies. Banks create value through the types of … assets and liabilities they create (e.g., lending and deposit taking relationships). Bank income streams reflect … balance sheet and income statement to bank value. Our approach explains substantial cross-sectional variation in observed …
Persistent link: https://www.econbiz.de/10012465738
one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …
Persistent link: https://www.econbiz.de/10012467332