After the Latin American Debt Crisis of 1982, the official response worldwide turned to minimum capital standards to promote stable banking systems. Despite their existence, however, such standards have still not prevented periodic disruptions in the banking sectors of various countries. After...

Selling (buying) a country’s equity index in exchange for equity investments elsewhere during a stock market crash (boom) is analogous to exercising an option to exchange an underperforming country (global benchmark) index for a global benchmark (country) index. This can be shown by extending...

In Miller and Ndhlela (2020), we estimate semi-elasticities of the real monetary base and currency in circulation with respect to inflation during Zimbabwe's hyperinflation using Del Negro and Primiceri's (2015) Bayesian time varying structural autoregression (TVP-SVAR) method. The estimated...

Collateralized debt obligations with asset backed securities as collateral (ABS CDOs) often getovershadowed in debates over causes of large commercial bank holding company (BHC) distressduring the 2007–2009 crisis. For BHCs, the Recourse Rule made holding the highest rated ABS CDO tranches...

type="main" xml:id="ecor12095-abs-0001" <p>Tests using Household, Income and Labour Dynamics in Australia unit record data from 2006–07 to 2010–11 indicate that Australian households on average insure against idiosyncratic income shocks. For a 10 per cent change in income, non-durable...</p>

Purpose The purpose of this paper is to examine the status of small-business lending following the recession. Design/methodology/approach The authors survey the literature and analyze recent surveys of small-business lending. Findings The results reinforce the importance of owner equity as a...