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development. On the issue of the much discussed competition between exchange-traded and OTC-traded derivatives, we believe that …The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present … financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing …
Persistent link: https://www.econbiz.de/10003963572
This paper assesses the extent to which a country s external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago)....
Persistent link: https://www.econbiz.de/10010247919
This paper studies the relationship between competition measures at the bank level and the price of credit for non …-financial firms in Mexico during 2009-2016. Two indicators of competition are constructed: the Lerner indicator and the Boone …
Persistent link: https://www.econbiz.de/10012256390
In light of the recently passed 2010 Dodd-Frank Act, we assess the effect of margin changes on prices, the risk-sharing between speculators and hedgers, and the price stability of 20 commodity futures markets. We find that margin increases decrease the rate at which prices change, yet they...
Persistent link: https://www.econbiz.de/10010472794
Persistent link: https://www.econbiz.de/10003740112
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence …
Persistent link: https://www.econbiz.de/10012256418
Persistent link: https://www.econbiz.de/10014631887
In this paper, we use a unique hand-collected dataset to analyze stock listing as an entrepreneurial decision. By comparing mainland Chinese entrepreneurial firmslisted in Hong Kong with the same type of firms opting for a domestic listing on the Shenzhen second board market, we argue that the...
Persistent link: https://www.econbiz.de/10005857778
We study the relationship between the risk of default and Environmental, Social and Governance (ESG) factors using Supervised Machine Learning (SML) techniques on a crosssection of European listed companies. Our proxy for credit risk is the z-score originally proposed by Altman (1968). We...
Persistent link: https://www.econbiz.de/10013463784
Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two transition economies, Poland and the Czech Republic, we find that...
Persistent link: https://www.econbiz.de/10011606874