Showing 1 - 10 of 38
- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks …
Persistent link: https://www.econbiz.de/10011647888
characteristics on personal finances. - Personal Finance ; Financial Strain ; Debt ; Behaviour ; Financial Literacy …
Persistent link: https://www.econbiz.de/10008902392
This paper explains why domestic debt composition in emerging economies is risky. It carries out an analysis of the … domestic debt composition, which encompasses maturity mismatches, rollover risk and interest payment contingency. The paper … inflation is lofty, the debt service-to-GDP ratio high, the slope of the yield curve inverted and the investor base narrow …
Persistent link: https://www.econbiz.de/10003230322
Persistent link: https://www.econbiz.de/10001702813
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012206258
We study the relationship between debt and growth in EU countries in the years 1995-2015. We investigate the debt … relationship between public debt and long-run growth across EU countries. However, the more immediate impact of private sector debt … on growth is found to be negative, and positive for the public sector debt. We find no conclusive evidence for a common …
Persistent link: https://www.econbiz.de/10011764407
In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted … in disinflation and rising debt trajectory. Meanwhile, Italy's procyclical fiscal policy in downturns contributed to …
Persistent link: https://www.econbiz.de/10014482924
pressure appears relevant in explaining investment dynamics when it is proxied by cash flow, indebtedness and debt burden. The …
Persistent link: https://www.econbiz.de/10003790950
We investigate the risk of holding credit default swaps (CDS) in the trading book and compare the Value at Risk (VaR) of a CDS position to the VaR for investing in the respective firm's equity using a sample of CDS stock price pairs for 86 actively traded firms over the period from March 2003 to...
Persistent link: https://www.econbiz.de/10003825863
The paper shows that mispriced deposit insurance and capital regulation were of second order importance in determining the capital structure of large U.S. and European banks during 1991 to 2004. Instead, standard cross-sectional determinants of non-financial firms' leverage carry over to banks,...
Persistent link: https://www.econbiz.de/10003963775