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trabajo analiza el Nuevo Acuerdo de Capitales del Banco Internacional de Pagos de Basilea, conocido como BIS-II, en lo relativo al riesgo de crédito con Pymes, riesgo país y riesgo operacional. Estudia los conceptos, clasificaciones y métodos de estimación propuesto por la norma, así como...
Persistent link: https://www.econbiz.de/10005597214
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10005037756
The paper analyzes the difficulties of Eurotunnel, both the largest project finance company and one of the largest private workout in the history. Eurotunnel's distress was primarily due to the wrong governance structure set up at the origin. Long-term contracts, far from limiting agency...
Persistent link: https://www.econbiz.de/10012735310
All other terms being equal (e.g. seniority), syndicated loan contracts provide larger lending compensations (in percentage points) to institutions funding larger amounts. This paper explores empirically the motivation for such a price design on a sample of sovereign syndicated loans in the...
Persistent link: https://www.econbiz.de/10012739566
This article, based on a 27-year study, describes the characteristics of commercial and industrial loan defaults in Latin America (LA), including in particular the loss in the event of default (LIED). For banks, improved understanding of losses enables lenders to make better pricing decisions,...
Persistent link: https://www.econbiz.de/10012744138
Most recent bank bailouts lessons from a financial and economic policy perspective turn to be politicized. This paper keeps the focus on the effective implications of the most recent bank bailouts in the Western economy model. The common share of responsibility and bank recovery as target...
Persistent link: https://www.econbiz.de/10012712525
This article, based on a 27-year study, describes the characteristics of commercial and industrial loan defaults in Latin America (LA), including in particular the loss in the event of default (LIED). For banks, improved understanding of losses enables lenders to make better pricing decisions,...
Persistent link: https://www.econbiz.de/10012790397
This paper examines how relaxing a local anti-predatory lending law for mortgages affects foreclosures. The empirical evidence is drawn from a quasi experiment in Cleveland, Ohio, where the State Supreme Court repealed an ordinance that imposed lending restrictions on home mortgages of high...
Persistent link: https://www.econbiz.de/10010785293
Persistent link: https://www.econbiz.de/10005669721
affects firm innovation around the world. We find that while stock market development significantly enhances firm innovation … significantly enhances firm innovation; while in countries with higher government ownership of banks, banking sector development has … no significant or sometimes even significantly negative effects on firm innovation. Such negative effects are …
Persistent link: https://www.econbiz.de/10010869422