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Die Erschließung des japanischen Marktes ist für Neulinge häufig nur in Anlehnung an japanische Partner möglich. Die generelle Tendenz zur Internationalisierung der japanischen Wirtschaft hat die Möglichkeiten zur Zusammenarbeit für leistungsstarke deutsche Unternehmen verbessert. Zu den...
Persistent link: https://www.econbiz.de/10005048202
In this paper we construct Financial Conditions Indices (FCIs) for the euro area, for the period 2003 to 2011, using a wide range of prices, quantities, spreads and survey data, grounded in the theoretical literature. One FCI includes monetary policy variables, while two versions of the FCI...
Persistent link: https://www.econbiz.de/10010855048
This Selected Issues paper summarizes estimates of the gap between current housing prices and their equilibrium levels in the United States. It examines short-term dynamics of price adjustment. Reflecting uncertainties about how to analyze underlying housing price trends, two approaches are used...
Persistent link: https://www.econbiz.de/10011245114
The report analyses Spain’s financial sector reform program and throws light on the role that the European Financial Stability Facility (EFSF) played in supporting the restructuring and recapitalization of its financial sector. It stated that the two major areas that have been looked at...
Persistent link: https://www.econbiz.de/10011245135
The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are...
Persistent link: https://www.econbiz.de/10011245374
We develop a model of discrimination by creditors in credit markets, where discrimination is motivated by either profit …
Persistent link: https://www.econbiz.de/10005245456
Persistent link: https://www.econbiz.de/10005207581
the investment projects. The credit market got developed and secures financial sources for the entrepreneurs. But each and … every credit is implying a less known aspect, as it is the subject of running a number of risks. The credit risk does exist … below is emphasizing a number of aspects concerning the management of the credit risk (i.e. the non-payment risk, the …
Persistent link: https://www.econbiz.de/10005154563
This paper analyzes how joint-liability lending promotes screening, monitoring, state verification and enforcement of repayment.
Persistent link: https://www.econbiz.de/10005256227
We study how credit market deregulation and increased international financial openness have changed corporate borrowing … leverage and lengthened debt maturity in advanced economies, as expected, suggesting that in these countries corporate credit …
Persistent link: https://www.econbiz.de/10005263812