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Gasha, Jose Giancarlo; Santos, Andre; Chan-Lau, Jorge A.; … - International Monetary Fund (IMF) - 2009

As is well known, most models of credit risk have failed to measure the credit risks in the context of the global financial crisis. In this context, financial industry representatives, regulators and academics worldwide have given new impetus to efforts to improve credit risk modeling for...

Persistent link: https://www.econbiz.de/10008528651

Macroprudential Regulation Under Repo Funding

Valderrama, Laura - International Monetary Fund (IMF) - 2010

may lead to the bankruptcy of its repo counterparties triggering contagion across asset classes. To buttress the …

Persistent link: https://www.econbiz.de/10008671292

The Impact of Legislationon Credit Risk; Comparative Evidence From the United States, the United Kingdom and Germany

Schmieder, Philipp; Schmieder, Christian - International Monetary Fund (IMF) - 2011

This study investigates the link between bankruptcy and security legislation and potential credit losses faced by banks …

Persistent link: https://www.econbiz.de/10008876595

Probabilities of Default and the Market Price of Risk in a Distressed Economy

Basurto, Miguel A. Segoviano; Espinoza, Raphael A. - International Monetary Fund (IMF) - 2011

We propose an original method to estimate the market price of risk under stress, which is needed to correct for risk aversion the CDS-implied probabilities of distress. The method is based, for simplicity, on a one-factor asset pricing model. The market price of risk under stress (the...

Persistent link: https://www.econbiz.de/10009019585

The Size Distribution of Businesses. Part I: A Benchmark Case

Sutton, John - 1996

This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the 'Bounds' approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side effects). A model is proposed, which leads to a...

Persistent link: https://www.econbiz.de/10010334911

Why Issue Equity Abroad? The Experience of Small Country Companies

Modén, Karl-Markus; Oxelheim, Lars - 1995

Persistent link: https://www.econbiz.de/10010334987

Cost and Productivity Effects of Firm Financed Training

Kazamaki Ottersten, Eugenia; Lindh, Thomas; Mellander, Erik - 1996

A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The empirical analysis uses panel data for eight plants in the...

Persistent link: https://www.econbiz.de/10010335155

Small firms, human capital, and productivity in Asia

Vandenberg, Paul; Trinh, Long Q. - 2016

dataset of over 4,000 enterprises and considers both the prior educational attainment of workers and in-service training … programs of enterprises. Differences between small, medium-sized, and large enterprises and between countries are also … productivity. The productivity of small and medium-sized enterprises (SMEs) is enhanced by a higher level of skills and education …

Persistent link: https://www.econbiz.de/10011653784

Directions of increasing innovativeness of economy: The case of Poland

Okrzesik, Olga - In: Economic and Environmental Studies (E&ES) 18 (2018) 1, pp. 313-321

position. A very important role in improving the innovativeness of enterprises, regions or the national economy is played by …

Persistent link: https://www.econbiz.de/10011984351

Enterprises Using Radio Frequency Identification in European Union: Current Outlook (2009-2014)

Zoroja, Jovana; Klopotan, Igor; Šimičević, Vanja - 2015

Implementation and usage of the latest inventions in information technology provides enterprises better position on the … improve many of the enterprises collaboration operations and support decision making process. The best results of RFID usage …. Goal of this paper is to evaluate trends and purposes of RFID usage among enterprises in European Union. We also analyse …

Persistent link: https://www.econbiz.de/10011920274