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Interest rate asymmetries in the lending-deposit spread : a case study

Dube, Smile; Zhou, Yan - In: Economia internazionale 67 (2014) 2, pp. 201-227

Persistent link: https://www.econbiz.de/10010401112

Interest Rate Asymmetries in the Lending-Deposit Spread: A Case - Asimmetrie del tasso di interesse nello spread prestiti-depositi: studio di un caso

Dube, Smile; Zhou, Yan - In: Economia Internazionale / International Economics 67 (2014) 2, pp. 201-227

The paper examines the asymmetric behavior of the lending-deposit spread in South Africa over the period 1990M1 to 2010 …M7. The paper employs threshold autoregressive (TAR) and momentum threshold autoregressive (MTAR) unit root tests to … detect any asymmetries in the lending-deposit spread. We find the spread (SP, the difference between the lending and deposit …

Persistent link: https://www.econbiz.de/10010991459

Foreign Bank Entry into Emerging Economies: An Empirical Assessment of the Determinants and Risks Predicated on German FDI Data

Wezel, Torsten - 2004

The paper investigates the factors crucial in the locational decisions of multinational German banks in selected emerging markets of central and eastern Europe, Latin America and Asia between 1994 and 2001. Emphasis is placed on testing variables of macroeconomic and financial sector risk along...

Persistent link: https://www.econbiz.de/10010295628

Default probabilities and default correlations

Erlenmaier, Ulrich; Gersbach, Hans - 2001

Starting from the Merton framework for firm defaults, we provide the analytics and robustness of the relationship between default correlations. We show that loans with higher default probabilities will not only have higher variances but also higher correlations between loans. As a consequence,...

Persistent link: https://www.econbiz.de/10010301737

Optimal leverage, its benefits, and the business cycle

Hess, Dieter; Immenkötter, Philipp - 2011

We study the effect of the business cycle on optimal capital structure choice and the benefit to leverage. We propose a regime switching model with a state-dependent cash flow process to capture macroeconomic risk in a firm's cash flow. Our model is parsimonious but still realistic and allows...

Persistent link: https://www.econbiz.de/10010306615

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Bhamra, Harjoat S.; Kuehn, Lars-Alexander; Strebulaev, … - 2008

We study the impact of time-varying macroeconomic conditions on optimal dynamic capital structure and the aggregate dynamics of firms in a cross-section. Our structural-equilibrium framework embeds a contingent-claim corporate financing model within a standard consumption-based asset- pricing...

Persistent link: https://www.econbiz.de/10009441273

Government Debt as Insurance against Macroeconomic Risk

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001

Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...

Persistent link: https://www.econbiz.de/10010262613

Towards a new form of undemocratic capitalism: Introducing macro-equity to finance development post COVID-19 crisis

Ashta, Arvind - In: Journal of Risk and Financial Management 14 (2021) 3, pp. 1-7

Sustainable Development Goal 16 talks about Peace, Justice, and Strong Institutions, and goal 10 talks about reducing inequality. A major problem exposed by the COVID-19 crisis is that public deficits seem to be the normal state in the business cycle's booms and downturns, limiting capacity for...

Persistent link: https://www.econbiz.de/10012611673

The pillars determining financial inclusion among SMEs in Egypt: Service awareness, access and usage metrics and macroeconomic policies

ElDeeb, Mohamed Samy; Halim, Yasser Tawfik; Kamel, … - In: Future Business Journal 7 (2021) 1, pp. 1-19

Over the past decade, financial inclusion has been a trending topic and key priority in developing countries seeking to build a resilient financial sector and pursuing economic growth. Most of the recently launched financial inclusion initiatives in Egypt, especially those aligned with the 2030...

Persistent link: https://www.econbiz.de/10012664377

Macroeconomic Risk, Fiscal Policy Rules and Aggregate Volatility in Asymmetric Currency Unions: A Behavioral Perspective

Proaño, Christian R. - 2013

This paper studies the dynamics of macroeconomic risk, fiscal policy and the macroeconomy in a two-country monetary union framework, under the assumption that agents do not have rational expectations, but use heuristics to determine their consumption over time, as well as to assess macroeconomic...

Persistent link: https://www.econbiz.de/10010460554

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