Similar Search Results

Global corporate debt during crises : implications of switching borrowing across markets

Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L. - 2020

This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...

Persistent link: https://www.econbiz.de/10012228743

Growth of global corporate debt : main facts and policy challenges

Abraham, Facundo; Cortina, Juan J.; Schmukler, Sergio L. - 2020

This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008-09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...

Persistent link: https://www.econbiz.de/10012296893

Beyond the S-curve : insurance penetration, institutional quality and financial market development

Giné, Xavier; Ribeiro, Bernardo; Wrede, Peter - 2019

insurance markets. Based on 20 years of insurance premium data from 180 countries, and a similar wealth of data on institutions … and financial market development, the paper presents important correlates of insurance market development. Although the … analysis cannot identify which factors directly cause insurance market growth, the results suggest that interventions aimed at …

Persistent link: https://www.econbiz.de/10012059017