Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for … debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can …

study. The study used Return on Asset (ROA) and Return on Equity (ROE) as performance proxies. In addition, debt equity … ratio (DER) and debt asset ratio (DAR) were used as capital structure proxies. The relationship between the performance and … significant relationship in almost all firms between return on equity and debt to equity. This justifies that a highly geared firm …

It is widely believed that seriously excess debt problems form a major cause of the 1997 Asian financial crisis. This … paper investigates empirically the role of the debt problems with respect to both the won/$US rate fluctuations and the won … the predictor of a likely crash in the won rate in late 1997. Excess debt is hence found to only constitute one of the …

This study aims to examine the effectiveness of the debt modification system (DMS) in Korea. We find that DMS does have … a positive effect in increasing the credit scores and annual income of DMS users. We also find that a debt management …-interest unsecured loans from banks. Therefore, DMS in Kores is still insufficient to support the return of debt-ridden consumers to …

No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow over-indebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …

No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow overindebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …

This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large …

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run "normal" effects of interest rate variations are …