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that leasing offers added debt capacity and increases in financially constrained firms. Firms that pay high taxes seem to … interest costs and amortization. Finally, highly concentrated Canadian firms may use less leasing because they are more family … an opportunity to validate prior results on the impact of taxes on leasing. By including two different measures of …
Persistent link: https://www.econbiz.de/10010610538
The risks confronted by grain and cotton farmers are of particular interest, given the changing role of the Government after passage of the 1996 Farm Act. With the shift toward less government intervention in the post-1996 Farm Act environment, a more sophisticated understanding of risk and risk...
Persistent link: https://www.econbiz.de/10005801585
This paper addresses factors which have prompted the need for further revision of banking regulation, with particular reference to the Capital Requirements Directive. The Capital Requirements Directive (CRD), which comprises the 2006/48/EC Directive on the taking up and pursuit of the business...
Persistent link: https://www.econbiz.de/10005015582
The article surveys the literature pertaining to the Basel II and concludes with the concerns germane to India in this regard
Persistent link: https://www.econbiz.de/10005015597
The new Basel accord is slated to come into effect in India around 2007 raising the question of how the revised standards will influence bank behaviour. Using a simple theoretical model, it is shown that the revised accord will result in asymmetric differences in the efficacy of monetary policy...
Persistent link: https://www.econbiz.de/10005015608
In this chapter I argue that as a response to the introduction of capital requirements in the form of risk weights investors might potentially choose riskier portfolios than before the regulation – this is, presumably, not what the regulation intends to achieve. That is, while regulation most...
Persistent link: https://www.econbiz.de/10005789350
This paper traces the developments that have contributed to the importance of risk in regulation. Not only does it consider theories associated with risk, it also discusses explanations as to why risk has become so important within regulatory and governmental circles. Two forms of risk...
Persistent link: https://www.econbiz.de/10008559026
I made reference to the mythological Antheus to remark that the economy is better to have roots to increase its robustness, to protect it from adverse shocks. What would these roots be? Some are of an institutional nature and they determine the quality of public policy, the ability to respond to...
Persistent link: https://www.econbiz.de/10010965614
This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly data from 1996 to 2011 are used and the empirical investigation is conducted within the unit root and the cointegration framework. The results show that the relationship between...
Persistent link: https://www.econbiz.de/10010886702
The emergence of the BRICS (Brazil, Russia, India, China and South Africa) grouping and the rapid advancement of their stock market may results in the acceleration of the appreciation of their respective currencies and ultimately the loss of their trade competitiveness. Conversely, exchange rate...
Persistent link: https://www.econbiz.de/10010902549