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Konstruktion einer Anleihe mit hypothekarischer Besicherung
Alram, Johannes - Frankfurt School of Finance and Management - 2009
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt … Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …
Persistent link: https://www.econbiz.de/10005026984
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The State of Public Finances Cross-Country Fiscal Monitor: November 2009
International Monetary Fund (IMF); International … - 2009
Persistent link: https://www.econbiz.de/10010878426
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Financial Development and Economic Growth; An Overview
Khan, Mohsin S.; Semlali, A. Senhadji - International Monetary Fund (IMF) - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10005263653
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Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?
Allard, Julien; Blavy, Rodolphe - International Monetary Fund (IMF) - 2011
Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental...
Persistent link: https://www.econbiz.de/10009293778
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The Role of Subordinated Debt in Market Discipline; The Case of Emerging Markets
Karacadag, Cem; Shrivastava, Animesh - International Monetary Fund (IMF) - 2000
This paper evaluates the potential role of mandatory subordinated debt (MSD) in enhancing market discipline in emerging markets. The conceptual merits and key preconditions of MSD are first reviewed. Then, the extent to which emerging markets satisfy these preconditions—among them the...
Persistent link: https://www.econbiz.de/10005599477
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International Financial Integration Through Equity Markets; Which Firms From Which Countries Go Global?
Schmukler, Sergio L.; Claessens, Stijn - International Monetary Fund (IMF) - 2007
This paper studies international financial integration analyzing firms from various countries raising capital, trading equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, we find that, although...
Persistent link: https://www.econbiz.de/10005605173
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Development of Financial Markets in Central Europe; The Case of the Ce4 Countries
Adarov, Amat; Tchaidze, Robert - International Monetary Fund (IMF) - 2011
bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and … the private bond market a significant gap remains even after accounting for these factors. …
Persistent link: https://www.econbiz.de/10009019571
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Germany; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2008
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10011242796
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Jamaica; 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2010
Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt...
Persistent link: https://www.econbiz.de/10011243799
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Slovak Republic; 2011 Article IV Consultation-Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2011
The Slovak economy showed recovery from sharp recession. Executive Directors suggested that restoring fiscal sustainability and removing unemployment while maintaining external competitiveness within the monetary union should be given priority. The fiscal consolidation strategy could be...
Persistent link: https://www.econbiz.de/10011244121