when investment is debt-financed. In such a case a firm pays the creditor not only the sum of annual interest (initial … the investment is debt-financed, the interest payment additionally reduces the corporate tax base. The research findings … optimum debt maturity tends to correlate positively with the corporate tax rate but negatively with the interest rate. In the …

recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large … capital gain, the return on capital and the interest rate. An optimal debt ratio is derived where the drift is probabilistic … but subject to economic constraints. The crises occurred because the market neglected to consider pertinent economic …

leverage, the optimum and excessive risk and the probability of a debt crisis. The theoretically founded early warning signals … crisis ; optimal leverage and debt ratios ; Congressional Oversight Panel ; Case-Shiller index …

quality of youth employment in Cameroon. The study uses data from the Cameroonian Household Survey (CHS 4) carried out by the …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …

across jurisdictions under endogenous public good provision. We calibrate the framework to fit the economic and geographic … characteristics of the Canton of Bern using household-level data. In particular, we exploit quasi-natural policy variation in voting …