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How green are green debt issuers?
Schmittmann, Jochen Markus; Teng, Chua Han - 2021
Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...
Persistent link: https://www.econbiz.de/10012605577
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Household leverage and the recession
Jones, Callum; Midrigan, Virgiliu; Philippon, Thomas - 2018
consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the …
Persistent link: https://www.econbiz.de/10011905926
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Statistical coverage of trade finance : Fintechs and supply chain financing
Wersch, Cornelia Lotte van - 2019
Trade finance is the backbone of international trade for entities ranging from a small businesses to multi-national corporations. An estimated 80 percent of world trade relies on this form of finance (WTO, 2017). Despite its systemic importance and rapid growth, data availability is only...
Persistent link: https://www.econbiz.de/10012102182
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Shocks, financial dependence, and efficiency : evidence from U.S. and Canadian industries
Estevão, Marcelo M.; Severo, Tiago - 2011
Persistent link: https://www.econbiz.de/10009423208
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Financing of Global Imbalances
Punzi, Maria Teresa - 2007
This paper analyzes the determinants of bond flows, now the dominant source of capital inflows, into the United States, as a means of establishing conditions affecting the financing of the U.S. current account deficit. To test the hypothesis that capital flows have become more responsive to...
Persistent link: https://www.econbiz.de/10014401259
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Shocks, Financial Dependence, and Efficiency : Evidence From U.S. and Canadian Industries
Estevão, Marcello M. - 2011
The paper investigates how changes in industries'' funding costs affect total factor productivity (TFP) growth. Based … external funding as an identification mechanism, we show that increases in the cost of funds have a statistically significant …
Persistent link: https://www.econbiz.de/10014398575
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Handle with care : regulatory easing in times of COVID-19
Valencia, Fabian; Varghese, Richard; Yao, Weijia; … - 2021
loosened after those about liquidity regulation. Effects from non-regulatory financial measures appear to be generally more …
Persistent link: https://www.econbiz.de/10012518694
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Scenario analysis with the DD-PD mapping approach : stock market shocks and U.S. corporate default risk
Chan-Lau, Jorge A. - 2021
This paper introduces the quantile regression- based Distance-to-Default to Probability of Default (DD-PD) mapping, which links individual firms' DD to their real world PD. Since changes in the DD depend on a handful of parameters, the mapping easily accommodates shocks arising from quantitative...
Persistent link: https://www.econbiz.de/10012613371
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Risks and vulnerabilities in the U.S. bond mutual fund industry
Bouveret, Antoine; Yu, Jie - 2021
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of … Distress'. Overall, most U.S. mutual funds are resilient yet high yield (HY) and loan funds would face a liquidity shortfall …
Persistent link: https://www.econbiz.de/10012605013
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Global corporate stress tests : impact of the COVID-19 pandemic and policy responses
Tressel, Thierry; Ding, Xiaodan - 2021
shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi … their debt, and on their liquidity and solvency positions. Applying the October 2020 WEO baseline and adverse scenarios, we … the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial …
Persistent link: https://www.econbiz.de/10012605125