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Corporate Financial Structure and Financial Stability

Stone, Mark R.; Davis, E. P. - International Monetary Fund (IMF) - 2004

This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....

Persistent link: https://www.econbiz.de/10005599642

Empirical measurement of credit rationing in agriculture: a methodological survey

Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2003

-classical equilibrium theory. The fourth approach takes an intermediate position, since spill-over on segmented loan markets reveals a … verschiedene in der Literatur angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen … erste Vorgehensweise versteht unter Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv …

Persistent link: https://www.econbiz.de/10008526801

Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: Währungspolitische Optionen für die mittel- und osteuropäischen Beitrittskandidaten zur EU

Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 1999

von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …

Persistent link: https://www.econbiz.de/10008462113

IMF-Supported Programs in Capital Account Crises; Design and Experience

Bulir, Ales; Schulze-Gattas, Marianne; Ghosh, Atish R.; … - International Monetary Fund (IMF) - 2002

Persistent link: https://www.econbiz.de/10005767357

External Capital Structure; Theory and Evidence

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2000

Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...

Persistent link: https://www.econbiz.de/10005599542

The Elusive Gains From International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...

Persistent link: https://www.econbiz.de/10005605034

Foreign Currency Deposits and International Liquidity Shortages in Pakistan

Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2004

This paper studies the implications of foreign currency deposits (FCDs) for international liquidity shortages in Pakistan. The analysis focuses on how the large volume of FCDs and the specific institutional characteristics of those deposits have made the Pakistan economy highly vulnerable to...

Persistent link: https://www.econbiz.de/10005826483

Liberalization of the Capital Account; Experiences and Issues

Mathieson, Donald J.; Rojas-Suárez, Liliana - International Monetary Fund (IMF) - 1992

This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that...

Persistent link: https://www.econbiz.de/10005263934

Supply tightening or lack of demand? An analysis of credit developments during the Lehman Brothers and the sovereign debt crises

Giovane, Paolo Del; Nobili, Andrea; Signoretti, … - Banca d'Italia - 2013

We estimate a structural econometric model for the credit market in Italy, using bank-level information and the responses of Italian banks to the euro-area Bank Lending Survey to identify demand and supply, focusing on the recent financial crisis. The main results are the following. First, while...

Persistent link: https://www.econbiz.de/10011099728

Banking relationships and syndicated loans during the 2008 financial crisis

Alexandre, Hervé; Bouaiss, Karima; Refait-Alexandre, … - Université Paris-Dauphine (Paris IX) - 2014

The research shows that banking relationships are important to lending. However, few studies focus on the banking relationships in syndicated loans, although these loans have became a major source of financing. The last financial crisis clearly shows the impacts of credit rationing and...

Persistent link: https://www.econbiz.de/10010960595