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Workshop "The Impact of the Crisis on SMEs", Brussels, 1 February 2010

Saraiva, António; Braunerhjelm, Pontus; Nowak, Maria - 2010

A workshop on the "The Impact of the Crisis on SMEs" was held in the European Parliament in Brussels on 1 February 2010. This document contains the programme, presentations and proceedings of that workshop.

Persistent link: https://www.econbiz.de/10011715264

Managing household debts : social service provision in the EU ; Workshop report - Brussels, 25 June 2010

European Foundation for the Improvement of Living and … - 2010

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...

Persistent link: https://www.econbiz.de/10011903923

Receivables Securitization and the Non-Financial Firm

Korgaonkar, Sanket - 2009

Since the start of the financial crisis, various forms of securitization have been criticized for causing the problems experienced. The amount of Asset Backed Commercial Paper outstanding fell drastically in the middle of 2007 drawing our attention to this market. Our study focuses on the use of...

Persistent link: https://www.econbiz.de/10009438964

How capital structure adjusts dynamically during financial crises

Ariff, Mohamed; Taufiq, Hassan; Shamsher, Mohamad - 2008

The availability of a unique data set of financially distressed firms enabled this study to apply the dynamic capital structure adjustment model to a study of capital structure. In addition, the factors driving capital structure adjustment of financially distressed and of healthy firms were...

Persistent link: https://www.econbiz.de/10009441702

Setting an Agenda for Monetary Reform

D’Arista, Jane - 2009

The role played by monetary policy in creating the conditions that culminated in the current crisis and the failure of the Fed’s efforts to end the credit freeze in 2008 are critical components of the analysis needed as a backdrop for reform. This paper argues that the link between excess...

Persistent link: https://www.econbiz.de/10009467796

The Bonus-Driven “Rainmaker” Financial Firm: How These Firms Enrich Top Employees, Destroy Shareholder Value and Create Systemic Financial Instability

Crotty, James - 2009

We recently experienced a global financial crisis so severe that only massive rescue operations by governments around the world prevented a total financial market meltdown and perhaps another global Great Depression. One necessary precondition for the crisis was the perverse, bonus-driven...

Persistent link: https://www.econbiz.de/10009468162

Analyzing the Effects of Credit Rating Changes, the Recent Financial Crisis and Other Variables on Firms' Debt Levels

Wasserman, Sean M - 2011

This paper utilizes a sample of firms over the years 2000–2009 to test the effects of credit rating changes, the financial crisis, interest rates, and other variables on short-term, long-term, and total debt levels on the balance sheet. Each independent variable was created using a one year...

Persistent link: https://www.econbiz.de/10009468733

The Effects of the 2008 Financial Crisis on the Role Of Bank Characteristics in Pricing of Loans in the Leveraged Loan Market

Sullivan, Kevin T. - 2011

constitute bank effects, of the lead lending bank in the loan. I find that the effect of bank monitoring power is not a … significant determinant of loan spreads, bank risk was significant before the crisis but not after, and bank size is significant … both before and after. There is an inverse relationship between bank size and loan spread such that firms looking to take …

Persistent link: https://www.econbiz.de/10009468760

A Structural Analysis of the European Monetary Union and its Effect on Greece in Light of the European Financial Crisis

Ramos, Stephanie C - 2011

The intent of this paper is to analyze the structural composition of the European Monetary Union and its implications for the European Financial Crisis, specifically with respect to Greece. This analysis will be driven by a trend analysis of several economic variables from 1999-2010. These...

Persistent link: https://www.econbiz.de/10009468765

The Bankers Know Best: How Regulatory Policy Shaped the Rise and Fall of the Credit Default Swap Market

Tesarfreund, Matthew - 2011

Many critics partially attribute the severity of the 2008 financial crisis to a lack of regulatory oversight over credit derivatives. This paper will examine the governmental and private regulatory systems that aided the proliferation of these complex “financial weapons of mass destruction”...

Persistent link: https://www.econbiz.de/10009475413