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Optimal credit guarantee ratio for Asia
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2016
minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our …
Persistent link: https://www.econbiz.de/10011522082
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010257239
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010258417
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Haircuts; Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005
Zettelmeyer, Jeromin; Sturzenegger, Federico - International Monetary Fund (IMF) - 2005
This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are computed as the percentage difference between the present values...
Persistent link: https://www.econbiz.de/10005825806
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The Corporation of Foreign Bondholders
Mauro, Paolo; Yafeh, Yishay - International Monetary Fund (IMF) - 2003
This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governments. The CFB played a key role during the heyday of international bond finance, 1870-1913, and in the aftermath of the defaults of the 1930s. It fostered...
Persistent link: https://www.econbiz.de/10005826518
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Optimal credit guarantee ratio for Asia
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2016
minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our …
Persistent link: https://www.econbiz.de/10011653788
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Overcoming Barriers to Reform:on Incentive-Compatible International Assistance
Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2007
International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by …
Persistent link: https://www.econbiz.de/10005769075
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How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Zettelmeyer, Jeromin; Weder, Beatrice; Klingen, Christoph - International Monetary Fund (IMF) - 2004
We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on World Bank data. From 1970-2000, returns averaged 9 percent per annum, about the same as returns on a ten-year U.S. treasury bond. This reflects the combined effect of the 1980s...
Persistent link: https://www.econbiz.de/10005264003
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On the political economy of financial deregulation
Ertürk, Korkut A. - 2016
promised higher profitability partly because of better risk management made possible by advances in information technology and …. Because systemic risk cannot be fully privatized social insurance against it is inevitably a common pool (or open) resource …, which means that there is an incentive for financial units to over-extract in the form of excessive risk taking in the …
Persistent link: https://www.econbiz.de/10011435704
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Leverage and risk taking
Moreno-Bromberg, Santiago; Roger, Guillaume - 2015
We study a dynamic contracting problem in which size is relevant. The agent may take on excessive risk to enhance short … curb risk taking. Firms that are less prone to risk taking can afford a higher leverage …
Persistent link: https://www.econbiz.de/10011506338