indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of … market prices by reflecting the expected private cost of financial distress, including the systemic importance of particular …

firms in emerging economies choose among the different international bond markets: global, US144A and Eurobond markets. By … credit quality, less ability to absorb flotation costs and more informational asymmetries issue debt in US144A and Eurobond … markets, where regulation is lighter and information is less public. On the contrary, firms issuing global bonds – subject to …

social capital which can be drawn upon during periods of economic adversity later in the form of credit forebearance. A …. Results of the analysis delineated the financial risks involved and value of social capital received in the form of credit … a wholesaler, they often realize a price discount but forego many services including credit forebearance. In essence …

issued the debt. If banks price their assets to realise a target return on economic capital, then a higher credit rating will …An increase in the credit rating on an organisation?s debt is generally perceived positively, as higher credit ratings … result in higher loan rates if the fall in the bank?s cost of capital, associated with the lower insolvency risk, is …