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Credit Rating Agencies in Emerging Democracies : Guardians of Fiscal Discipline?
Hanusch, Marek - 2017
Credit rating agencies have drawn criticism for failing to anticipate and deter root causes of the 2008-2009 financial crisis in the United States. However, this paper presents evidence that credit rating agencies regularly anticipate and deter governments in emerging democracies from...
Persistent link: https://www.econbiz.de/10012974574
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Does Pollution Hinder Urban Competitiveness?
Kahn, Matthew Edwin - 2019
This paper surveys the recent literature exploring the causes of urban pollution in the developing world and the …
Persistent link: https://www.econbiz.de/10012892687
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Bank Competition, Concentration, and Credit Reporting
Bruhn, Miriam - 2017
This paper explores the empirical relationship between bank competition, bank concentration, and the emergence of … greater threat of competition) are less likely to have a credit bureau, presumably because banks are less willing to share … contrast, the data show no significant relationship between bank competition or concentration and the emergence of a public …
Persistent link: https://www.econbiz.de/10012974411
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Is the Financial Safety Net a Barrier to Cross-Border Banking?
Demirgüç-Kunt, Asli - 2017
A bank's interest expenses rise with its degree of internationalization, measured by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. The results in this paper suggest that an...
Persistent link: https://www.econbiz.de/10012975492
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Integrating Services in the Economic Fitness Approach
Zaccaria, Andrea - 2018
methodology to include a trade in services element to yield a universal matrix of world trade and thus provide a more complete …
Persistent link: https://www.econbiz.de/10012912344
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Bank Regulation and Supervision Ten Years after the Global Financial Crisis
Anginer, Deniz - 2020
This paper summarizes the latest update of the World Bank Bank Regulation and Supervision Survey. The paper explores …
Persistent link: https://www.econbiz.de/10012846812
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Global Recessions
Kose, M. Ayhan - 2020
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012840241
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Global Corporate Debt During Crises : Implications of Switching Borrowing Across Markets
Cortina Lorente, Juan Jose - 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/10012842157
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The Impact of the Global Financial Crisis on Firms'Capital Structure
Demirgüç-Kunt, Asli - 2017
Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms' capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...
Persistent link: https://www.econbiz.de/10012970413
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Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis
Melecky, Martin - 2017
Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies whether placing microprudential supervision of banks,...
Persistent link: https://www.econbiz.de/10012971545