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Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans

Agca, Senay - 2013

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic...

Persistent link: https://www.econbiz.de/10013086310

Basel Compliance and Financial Stability : Evidence from Islamic Banks

Bitar, Mohammad - 2017

that because Islamic banks are benchmarked closely to BCPs, the implementation of CPFIRs should also positively affect …

Persistent link: https://www.econbiz.de/10012950381

Accounting Standards and Insurer Solvency Assessment

Windsor, Peter; Yong, Jeffery; Chong-Tai Bell, Michelle - 2021

development but there will be challenges of implementation. Not many insurance supervisors currently intend to use IFRS 17 as a …The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation … of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome …

Persistent link: https://www.econbiz.de/10013315127

Italian Sovereign Spreads : Their Determinants and Pass-Through to Bank Funding Costs and Lending Conditions

Zoli, Edda - 2013

Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...

Persistent link: https://www.econbiz.de/10013082857

Bank Capital and the Cost of Equity

Belkhir, Mohamed - 2020

Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks' cost of equity. Consistent with the theoretical prediction that more equity in the capital mix leads to a fall in firms' costs of equity, we find that better...

Persistent link: https://www.econbiz.de/10012843315

Fiscal Transparency, Borrowing Costs, and Foreign Holdings of Sovereign Debt

Kemoe, Laurent - 2018

This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF's Government Finance...

Persistent link: https://www.econbiz.de/10012910360

Investment in the Euro Area : Why Has it Been Weak?

Barkbu, Bergljot - 2015

Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explained by output dynamics, particularly before the European sovereign debt crisis....

Persistent link: https://www.econbiz.de/10013025651

Bank Solvency and Funding Cost

Aymanns, Christoph - 2016

Understanding the interaction between bank solvency and funding cost is a crucial pre-requisite for stress-testing. In this paper we study the sensitivity of bank funding cost to solvency measures while controlling for various other measures of bank fundamentals. The analysis includes two...

Persistent link: https://www.econbiz.de/10012993721

At a Cost : The Real Effects of Thin Capitalization Rules

De Mooij, Ruud A.; Liu, Li - 2021

Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014,...

Persistent link: https://www.econbiz.de/10013243062

Capital Controls and the Cost of Debt

Andreasen, Eugenia - 2017

Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically meaningful increase in corporate bond spreads. A number of heterogeneities suggest...

Persistent link: https://www.econbiz.de/10012950415

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