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Through this paper the author emphasizes the need for a coherent and multidisciplinary methodology in the assessment of credit risk in corporate lending. It is argued that credit risk should be assessed in the only context that is possible which is through cash flow projections generated by...
Persistent link: https://www.econbiz.de/10013126906
The question of what is really risk in capital investments is posed and discussed. It is suggested that the almost total acceptance of the concept that volatility constitutes a good measure of risk is wrong and leads towards a misallocation of economic resources. It is argued that the Expected...
Persistent link: https://www.econbiz.de/10013405898
The paper suggests that concentration of money and a loosely regulated financial market as the main culprits impeding the efficient allocation of economic resources through a banking system that seems to have lost its way and mission. The pursuit of return without risk inevitably leads to the...
Persistent link: https://www.econbiz.de/10013322623
, Cyprus adopt ed the Privatizations Law stipulating the details of the privatization process. This article presents and … privatization programme of Cyprus …This article presents and scrutinizes the Privatizations Law of the Republic of Cyprus, in the context of sustainable …
Persistent link: https://www.econbiz.de/10012896800
Persistent link: https://www.econbiz.de/10012582531
This paper analyzes the capital structure of private asset managers in which theacquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles(CoCos) placed with investors. The paper develops a model based on NPL transferprices and residual recovery rates to assess capital...
Persistent link: https://www.econbiz.de/10012868458
trust is the main error the Eurogroup committed last Friday. We offer a proposal for the resolution of the crisis in Cyprus …
Persistent link: https://www.econbiz.de/10013084645
The article is a criticism of how a crony capitalism economic system operates to transfer and destroy wealth. It highlights the main economic distortions that lead to financialization of the economy and result in wealth extraction rather than wealth creation
Persistent link: https://www.econbiz.de/10013406361
structurization of information about an energy megaproject in Cyprus, as well as to provide practical insights and guidance on how … study analysis. The major focus of the case study is the decision-making process of the LNG energy megaproject in Cyprus …/value of the article: The LNG energy megaproject in Cyprus provides a unique example of an emerging strategic alternative which …
Persistent link: https://www.econbiz.de/10015052206
We examine Singapore's market for new privately developed apartments, which for historical reasons exhibits wide quasi-experimental variation in ownership tenure, ranging from perpetual to multi-century to multi-decade leases. We develop an empirical model in which transaction prices are...
Persistent link: https://www.econbiz.de/10012855622