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The China syndrome affects banks : the credit supply channel of foreign import competition
Mayordomo Gómez, Sergio; Rachedi, Omar - 2019
Este artículo estudia el efecto del aumento en la competencia de las importaciones chinas a principios de la década de los 2000 en las políticas de oferta de crédito de los bancos españoles. El uso de información a nivel banco-empresa del universo de préstamos concedidos a empresas no...
Persistent link: https://www.econbiz.de/10012532211
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Distressed firms, zombie firms and zombie lending: a taxonomy
Álvarez Román, Laura; García-Posada, Miguel; …
El presente artículo desarrolla una taxonomía de empresas vulnerables y empresas zombis haciendo uso de una rica base de datos que combina información detallada a nivel de empresa y a nivel de banco-empresa en España. Una empresa vulnerable exhibe tanto insolvencia de flujo de caja como...
Persistent link: https://www.econbiz.de/10013259763
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Price Dispersion in OTC Markets: A New Measure of Liquidity
Jankowitsch, Rainer; Nashikkar, Amrut; Subrahmanyam, … - 2010
In this paper, we model price dispersion effects in over-the-counter (OTC) markets to show that, in the presence of inventory risk for dealers and search costs for investors, traded prices may deviate from the expected market valuation of an asset. We interpret this devia- tion as a liquidity...
Persistent link: https://www.econbiz.de/10009480896
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Corporate bond issuance during the COVID-19 pandemic: a comparison with the global financial crisis
Pascual González, Roberto
Artículo de revista ; In the early stages of the global financial crisis and the COVID-19 crisis, bond issuance by non-financial and non-bank financial corporations in the developed economies hit record levels. However, the underlying reasons for this are different: during the global financial...
Persistent link: https://www.econbiz.de/10012629760
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MANAGING CATASTROPHIC RISK BY ALTERNATIVE RISK TRANSFER INSTRUMENTS
Ou Yang, Chieh - 2010
that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …
Persistent link: https://www.econbiz.de/10009439051
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14.123 Microeconomic Theory III, Spring 2009
Eso, Peter - 2009
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
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Geothermal Electric Projects from a User's Viewpoint
Nugent, James M. - 2006
increased risk as perceived by utilities, banks and lessors and the unpredictability of those risks as perceived by insurance … higher rate of return obtaining insurance; or some combination of DOE loan guarantee, lease and insurance. No attempt has …
Persistent link: https://www.econbiz.de/10009435415
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Applications of Solar Technology for Catastrophe Response, Claims Management, and Loss Prevention
Deering, A.; Thornton, J.P. - 2008
Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … the Insurance Industry.'' Presentations were made by insurance company representatives, insurance trade groups, government … discuss how energy efficiency and renewable technologies can contribute to reducing insurance losses. …
Persistent link: https://www.econbiz.de/10009435566
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Geopressured-geothermal energy development: government incentives and institutional structures
Frederick, D.O.; Prestwood, D.C.L.; Roberts, K.; … - 2007
The following subjects are included: a geothermal resource overview, the evolution of the current Texas geopressured-geothermal institutional structure, project evaluation with uncertainty and the structure of incentives, the natural gas industry, the electric utility industry, potential...
Persistent link: https://www.econbiz.de/10009435830
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Scoping study on trends in the economic value of electricity reliability to the U.S. economy
Eto, Joseph; Koomey, Jonathan; Lehman, Bryan; Martin, Nathan - 2008
cleanrooms, which is a cross-cutting market segment known to have high reliability requirements. Finally, we present insurance …
Persistent link: https://www.econbiz.de/10009436254