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Park, Donghyun; Shin, Kwanho; Tian, Shu - 2019

This paper empirically investigates the relationship between the speed of buildup of private debt (household and corporate) and the depth of recessions. To do this, we differentiate between financial recessions and normal recessions on the basis of how quickly their private debt builds up. In...

Persistent link: https://www.econbiz.de/10012020544

Does the lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019

We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...

Persistent link: https://www.econbiz.de/10012155137

FINANCIAL ANALYSIS OF THE MAIN HOTEL CHAINS OF THE SPANISH TOURISM SECTOR

GONZÁLEZ, Carmen; JAREÑO, Francisco - In: Regional and Sectoral Economic Studies 14 (2014) 2

used in the sector and, subsequently, carry out an analysis of four key financial variables: percentage of indebtedness …

Persistent link: https://www.econbiz.de/10010940049

Renegotiable debt, liquidity injections and financial instability

Doh, Hyun Soo; Feng, Guanhao - In: Journal of derivatives and quantitative studies 32 (2024) 3, pp. 182-199

This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a renegotiation option. In the model, creditors decide when to withdraw their funding and equityholders can renegotiate the contract terms of debt. We show that when equityholders...

Persistent link: https://www.econbiz.de/10015055030

THE IMPACT OF THE FINANCIAL CRISIS ON INDEBTEDNESS AND STOCK EXCHANGE QUOTATION – A CASE STUDY

Student, Oana-Adriana Duţă Ph.D; Student, Simona … - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2010) 15S, pp. 7-10

using indebtedness and profitability indexes as well as stock exchange quotations, and taking into account the data provided …

Persistent link: https://www.econbiz.de/10010819442

Domestic cycles, financial cycles, and policies : what has gone wrong?

Dăianu, Daniel - 2017

The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...

Persistent link: https://www.econbiz.de/10011760593

Volatility and Foreign Equity Flows : Evidence from the Philippines

French, Joseph J. - 2014

increases the conditional volatility of the Filipino stock market significantly over the next two weeks of trading. Our second … conditional volatility of returns and exchange rates …

Persistent link: https://www.econbiz.de/10013067489

Dynamics of Political Risk Rating and Stock Market Volatility

Suleman, Muhammad Tahir - 2016

In this paper we propose a framework for predicting market returns and volatility using changes in the country … and volatility equations. The appropriate level of aggregation for the political risk variable is also examined. We … analyse 47 emerging and 21 developed markets. We find political risk predictive power primarily for volatility, when looking …

Persistent link: https://www.econbiz.de/10013007275

The green sin : how exchange rate volatility and financial openness affect green premia

Moro, Alessandro; Zaghini, Andrea - 2023

hypothesis using a global bond market dataset. Exchange rate volatility and financial account openness are thus able to explain …

Persistent link: https://www.econbiz.de/10014441622

Currency union and foreign direct investment inflow: Evidence from Economic Community of West African States (ECOWAS)

Adam, Anokye M. - In: SPOUDAI - Journal of Economics and Business 63 (2013) 1/2, pp. 121-132

This study investigates the effect of currency union membership on foreign direct investment inflow to ECOWAS subregion. The study employed panel dynamic ordinary least square (DOLS) to estimate a panel data of fifteen ECOWAS countries from 1995 to 2010 with the framework of the gravity model....

Persistent link: https://www.econbiz.de/10010343107