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From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons

Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001

This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...

Persistent link: https://www.econbiz.de/10005825786

Does sales-only apportionment of corporate income violate international trade rules?

Charles McLure Jr.; Hellerstein, Walter - In: CESifo Forum 3 (2002) 4, pp. 23-30

Persistent link: https://www.econbiz.de/10004998655

Corporate Taxation and Financial Strategies Under Asymmetric Information

Cohen, Francesco; Fedele, Alessandro; Panteghini, Paolo - CESifo - 2014

In this article we study the corporate tax effects on credit market equilibria. In particular, we develop a model that accounts for five pieces of evidence: i) the existence of a tax incentive to borrow, ii) the negative relationship between leverage and profitability, iii) the existence of...

Persistent link: https://www.econbiz.de/10010764291

Problems of market adjustments to occupational safety and health hazards

Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1978

This paper analyses problems of labor market adjustments to occupational safety and health (OSH) hazards. It also presents analytical models for the eventual measurement and empirical analyses of factors effecting the level of OSH hazards in the workplace. This study does not pretend to deal...

Persistent link: https://www.econbiz.de/10005623320

Uncertainty and Information: An Expository Essay

Singh, Nirvikar - Volkswirtschaftliche Fakultät, … - 2010

. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …

Persistent link: https://www.econbiz.de/10008529287

The Pricing of Credit Default Swaps During Distress

Singh, Manmohan; Andritzky, Jochen R. - International Monetary Fund (IMF) - 2006

exchange any of the bonds permitted as deliverable against their par value. Unlike bonds, whose risk spreads are assumed to be … the product of default risk and loss rate, CDS are par instruments, and their spreads reflect the partial recovery of the …

Persistent link: https://www.econbiz.de/10005605393

Managing Financial Crises; Recent Experience and Lessons for Latin America

Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003

This paper seeks to draw lessons from the IMFâ€™s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...

Persistent link: https://www.econbiz.de/10005824823

Capital structure of small companies in the Spanish footwear sector: relevant factors

Acedo-Ramírez, Miguel; Ayala-Calvo, Juan; … - In: SERIEs 4 (2013) 2, pp. 155-173

This study suggests the preponderance of the pecking order theory over the trade-off theory when there are greater … relationship with non-debt tax shield and direct relationship with investment in fixed assets, supporting the trade-off theory … consistent with the prediction of the pecking order theory. Results taken from a sample of small Spanish companies in the …

Persistent link: https://www.econbiz.de/10010994590

The Stock Market and the Financing of Corporate Growth in Africa; The Case of Ghana

Yartey, Charles Amo - International Monetary Fund (IMF) - 2006

This paper examines the corporate financing pattern in Ghana. In particular, it investigates whether Singh's theoretically anomalous findings that developing country firms make considerably more use of external finance and new equity issues than developed country firms to finance asset growth...

Persistent link: https://www.econbiz.de/10005605262

Corporate Balance Sheet Restructuring and Investment in the Euro Area

Jaeger, Albert - International Monetary Fund (IMF) - 2003

The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial corporations saddled with a legacy of high debt or leverage. Models of corporate investment behavior based on imperfect capital markets predict that highly leveraged balance sheets can act as a brake on...

Persistent link: https://www.econbiz.de/10005605417