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We examine the determinants of the at issue time to maturity of corporate bonds. We find evidence that corporations … partly determine the at issue maturity of bonds by responding to economic conditions. They also appear to immunize by … matching the maturity of assets with the at issue maturity of bonds regardless of credit quality. Finally, we find evidence …
Persistent link: https://www.econbiz.de/10005558303
, and the state of the global economy, the loans’ maturity structure is identified as an additional driver of the bank …-wide loss rates in the credit portfolio. (ii) The nationwide loss rate has the largest impact, followed by the maturity …
Persistent link: https://www.econbiz.de/10011208764
regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The … nationwide loss rate has the most impact, followed by the maturity structure and the industry composition. (iii) For nationwide …
Persistent link: https://www.econbiz.de/10010984743
Статья посвящена проблемам определения адекватной величины экономического капитала, необходимого для создания резервов в банковском секторе. Рассмотрены...
Persistent link: https://www.econbiz.de/10011247196
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …
Persistent link: https://www.econbiz.de/10008479035
Cambodia’s 2004 Article IV Consultation reports that the macroeconomic performance has been generally good, reflecting both favorable external developments and prudent fiscal policy. Exports soared following a bilateral trade agreement with the United States, and large aid inflows helped...
Persistent link: https://www.econbiz.de/10005768384
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by...
Persistent link: https://www.econbiz.de/10005825370
This paper presents key findings of the Ex Post Assessment of Longer-Term Program Engagement for Bolivia. Bolivia is a country that is perceived as having one of the best structural reform records in Latin America but experienced sluggish per capita growth, and made virtually no progress in...
Persistent link: https://www.econbiz.de/10005591192
Uganda showed strong macroeconomic stability, low inflation, and poverty reduction under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended the monetary and exchange rate policies, and stressed the need to strengthen fiscal sustainability and maintain a...
Persistent link: https://www.econbiz.de/10005598876
This 2004 Article IV Consultation highlights that from 1999 to 2002, Korea’s economy grew rapidly, by an average of 7¼ percent per year. But starting in 2003, the economy has begun to sputter. Growth suddenly stopped in the first half of the year, leapt ahead in the second half as...
Persistent link: https://www.econbiz.de/10005252883