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The COVID-19 impact on corporate leverage and financial fragility
Haque, Sharjil Muktafi; Varghese, Richard - 2021
increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose …
Persistent link: https://www.econbiz.de/10012796218
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Stress testing U.S. leveraged corporates in a COVID-19 world
Caceres, Carlos; Cerdeiro, Diego A.; Pan, Dan; Suchanan … - 2020
Persistent link: https://www.econbiz.de/10012392538
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Interenterprise Arrears in Post-Communist Economies
Rostowski, Jacek - 1994
The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be...
Persistent link: https://www.econbiz.de/10014396183
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Enterprise Arrears in Russia : Causes and Policy Options
Bigman, David - 1993
This paper examines the causes of the large buildup of enterprise arrears in Russia during 1992, and evaluates policy options to deal with them. Noting the experience of. Eastern European countries, the paper emphasizes that the settlement of arrears through wholesale extension of credit would...
Persistent link: https://www.econbiz.de/10014398347
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Bottom-up default analysis of corporate solvency risk : an application to Latin America
Chan-Lau, Jorge A.; Lim, Cheng Hoon; … - 2017
This paper suggests a novel approach to assess corporate sector solvency risk. The approach uses a Bottom-Up Default … Analysis that projects probabilities of default of individual firms conditional on macroeconomic conditions and financial risk … extended with credit portfolio techniques, the approach can also assess the aggregate impact of changes in firm solvency risk …
Persistent link: https://www.econbiz.de/10011704646
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Corporate funding and the COVID-19 crisis
Deghi, Andrea; Seneviratne, Dulani; Tsuruga, Tomohiro; … - 2021
This paper assesses whether corporate liquidity needs in the G7 economies were met during the containment phase of the COVID-19 pandemic (February-June 2020) using various approaches to identify credit supply shocks. The pandemic crisis adversely affected nonfinancial corporate sector cash...
Persistent link: https://www.econbiz.de/10012518978
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Global corporate stress tests : impact of the COVID-19 pandemic and policy responses
Tressel, Thierry; Ding, Xiaodan - 2021
Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...
Persistent link: https://www.econbiz.de/10012605125
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Fixed-Income Markets in the United States, Europe, and Japan : Some Lessons for Emerging Markets
Schinasi, Garry J. - 1998
This paper identifies factors that contributed to the development and effectiveness of debt securities markets in the major advanced economies. Government securities markets have benefited from their international orientation—debt management is most effective when it is independent of monetary...
Persistent link: https://www.econbiz.de/10014403369
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Investment, Uncertainty, and Irreversibility in Ghana
Pattillo, Catherine A. - 1997
Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of...
Persistent link: https://www.econbiz.de/10014403297
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A TIP against the COVID-19 pandemic
Chérif, Réda; Hasanov, Fuad - 2020
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486