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Dealing with risk : underwriting sovereign bond issues in London 1870 - 1914
Mikkelsen, Anders L. - 2014
Using the records of several leading 19th century issuing houses, this paper analyses the transformation of underwriting practices in London's primary sovereign bond market from 1870 to 1914. It shows how underwriting risk developed from being a liability, which market intermediaries sought to...
Persistent link: https://www.econbiz.de/10010358271
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Corporate social responsibility (CSR) disclosure and the choice between bank debt and public debt
Tan, Weiqiang; Tsang, Albert; Wang, Wenming; Zhang, Wenlan - In: Accounting horizons : a quarterly publication of the … 34 (2020) 1, pp. 151-173
Persistent link: https://www.econbiz.de/10012299847
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The nexus of safe asset shortage, credit growth, and financial instability
Kim, Sujin - 2020
hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …
Persistent link: https://www.econbiz.de/10012253869
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Political determinants of government loans in Japan
Imai, Masami - In: The journal of law & economics 52 (2009) 1, pp. 41-70
Persistent link: https://www.econbiz.de/10003851065
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Why borrowers pay premiums to larger lenders : empirical evidence from sovereign syndicated loans
Hallak, Issam - 2002 - Revised version
All other terms being equal (e.g. seniority), syndicated loan contracts provide larger lending compensations (in percentage points) to institutions funding larger amounts. This paper explores empirically the motivation for such a price design on a sample of sovereign syndicated loans in the...
Persistent link: https://www.econbiz.de/10009767117
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Do banks propagate debt market shocks?
Hale, Galina; Santos, João A. C. - In: Journal of financial economic policy 6 (2014) 3, pp. 270-310
Persistent link: https://www.econbiz.de/10010490584
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Changes in the effects of bank lending shocks and development of public debt markets
Choi, Sangyup - In: Finance research letters 33 (2020), pp. 1-9
Persistent link: https://www.econbiz.de/10012430959
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Dealing with debt : less risk for more growth in Latin America and the Caribbean
Powell, Andrew (ed.); Valencia, Oscar M. (ed.) - 2023
Persistent link: https://www.econbiz.de/10014235368
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Dynamic Connectedness between Credit and Liquidity Risks in EMU Sovereign Debt Markets
Gómez-Puig, Marta; Pieterse-Bloem, Mary; … - 2022
We examine the dynamic interconnection between sovereign credit and liquidity risks in ten euro area countries at the …-VAR connectedness approach of Antonakakis et al. (2020). Our results indicate that for most periods net connectedness is from credit … credit risk. Through an event study we find that the latter episodes can be related to several ECB unconventional monetary …
Persistent link: https://www.econbiz.de/10014238010
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Dynamic Connectedness between Credit and Liquidity Risks in Emu Sovereign Debt Markets
Gómez-Puig, Marta; Pieterse-Bloem, Mary; … - 2022
We examine the dynamic interconnection between sovereign credit and liquidity risks in ten euro area countries at the …-VAR connectedness approach of Antonakakis et al. (2020). Our results indicate that for most periods net connectedness is from credit … credit risk. Through an event study we find that the latter episodes can be related to several ECB unconventional monetary …
Persistent link: https://www.econbiz.de/10014239527