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The impact of an airport on spatial economic development is cited to justify investments. Local governments are of the opinion that an airport can have a positive effect on a region. However, there are disagreements about just how much extra employment and added value an airport generates. It...
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This study is a publication issued by the Microeconomic Analysis service of the National Bank of Belgium, in … 2008. Cargo traffic on its part recovered already in 2002. In Belgium, a similar evolution can be observed. It should be … airports underline the importance of cargo traffic for Belgium: In 2006 Brussels, Liège and Ostend-Bruges respectively occupy …
Persistent link: https://www.econbiz.de/10011506678
This study assesses the economic importance of air transport and airport activities in Belgium in terms of value added … the position of leading cargo airport and currently accounts for over half of total cargo traffic to and from Belgium …
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Credit rationing and the use of collateral are widely observed in debt financing. To our view there is yet no … collateral is limited. In our model we show that credit rationing and the use of collateral are always necessary for debt … resulting from the information asymmetry. Furthermore, we extend the set of possible collateral to property rights over physical …
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This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and … the view that collateral is a strategic instrument intended to influence the bargaining position of banks. Our result …
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lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan … housebanks do require more collateral from their debtors, thereby increasing the borrower's lock-in and strengthening the banks …
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