corporate financial structure and financial stability

... Impact of Crisis on the Level and Composition of GDP 12 B. Corporate Financial Structure and Impact of Crisis on GDP 14 V. Corporate Financial Structure and Financial Stability: Econometric Analysis ... III. Corporate Financial Structure for Industrial and Emerging Market Countries 7 A. Stock Data 7 B. Flow Data 10 C. Crises Data 11 IV. Corporate Financial Structure and Financial Stability: ... implications of corporate financial structure for financial fragility are measured here empirically by examining shifts in the size and composition of financial flows and expenditures by the corporate...

Ngày tải lên: 17/12/2013, 05:15

... Hubbard, and Bruce Petersen. 1988. “Financing Constraints and Corporate Investment.” Brookings Papers on Economic Activity 1: 141–95. FSF (Financial Stability Forum). “Compendium of Standards.” Financial ... Financial Structure and Development Assessment The measures chosen as quantitative indicators for financial structure and development assessment will naturally include basic indicators of financial ... provide the incentives to expand financial services. Both pru- dential and competition policies (including licensing and entry, exit and merger policies, and branching and similar regulations) should...

Ngày tải lên: 17/12/2013, 05:15

... Denmark, Switzerland, Spain, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway and the UK, a three- month Treasury bill rate for Belgium, Sweden and the US, and a three-month ... Australia, Finland, Ireland, the Netherlands, Norway, Spain, Sweden, the UK and the US; countries in the second group are Belgium, Canada, Denmark, France, Germany, Italy, Japan and Switzerland. ... the 95% level in Canada, Finland, the Netherlands, Norway, Sweden, Switzerland, the UK and the US. Moreover, while in some countries, (including Finland, the UK and the US) residential property...

Ngày tải lên: 24/10/2012, 09:40

... by F. De Fiore , November 2000. 39 “A money demand system for euro area M3” by C. Brand and N. Cassola, November 2000. 40 Financial structure and the interest rate channel of ECB monetary policy ... interest rate. 3.1 Assets and liabilities of firms and households The financial accounts of German, Spanish, French and Italian firms and households for 1996, 1997 and 1998 are summarised in ... (1997): “The euro and the European financial markets”, EMU and the International Monetary System, Edited by Masson, Krueger and Turtleboom, International Monetary Fund. Mester, L. J. and A. Saunders...

Ngày tải lên: 15/03/2014, 14:20

Ngày tải lên: 03/06/2014, 01:05

Ngày tải lên: 06/01/2015, 19:49

Ngày tải lên: 06/01/2015, 19:49

... Kothari, and Robin, 2000; Ball, Robin, and Wu, 1999; and Ali and Hwang, 2000) have provided evidence that in addition to accounting standards, features of the institutional environment such as corporate ... A. and R. Vishny, 1997. A survey of corporate governance. Journal of Finance 52, 737-783. Smith, C. and R. Watts, 1992. The investment opportunity set and corporate financing, dividend and ... of Law and Economics 3, 1-44. Demsetz, H. and K. Lehn, 1985. The structure of ownership: causes and consequences. Journal of Political Economy 93, 1155-77. Dhaliwal, D., K. Lee and N....

Ngày tải lên: 18/02/2014, 01:20

... were financially weakened and contracted their 65 Financial Crisis in the Great Depression country abandoned the gold standard in the middle of a year, it is included in both the gold and non-gold ... failures (notably Marx & Co.) and amalgamations. Heavy losses of one of the largest banks, Danske Landmandsbank, and liquidation of smaller banks. Landmandsbank continues to operate ... Ml, and M2, and of changes in the central bank discount rate. MO corresponds to money and notes in circulation, Ml is the sum of MO and commercial bank deposits, and M2 is the sum of Ml and...

Ngày tải lên: 22/03/2014, 20:21

... banking stability, that is, a reduction in the incidence and severity of banking panics. Branch banking diversifies, and deposit insurance protects against, both asset and withdrawal risks, and either ... system and comparative advantage in monitoring and enforcement. Notice that there is a subtle difference between the arguments of Calomiris and Kahn (1991) and Gorton (1989b). Calomiris and Kahn ... (1989a), Calomiris and Schweikart (1991), Chari and Jagannathan (1988), Gorton (1987, 1989b), Gorton and Mullineaux (1987), Jacklin and Bhattacharya (1988), Williamson (1989), and others, have...

Ngày tải lên: 22/03/2014, 20:21

Ngày tải lên: 23/03/2014, 11:20

Ngày tải lên: 03/06/2014, 00:59

... adequacy of financial structure and on the potential for financial instability. The bal- ance sheet analysis focuses on (a) the determinants and evolution of stocks of assets and liabilities and (b) ... Sector Assessments). 2.1 Financial Structure and Development Indicators of financial structure include system-wide indicators of size, breadth, and composition of the financial system; indicators ... efficiency, and access; and measures of the scope, coverage, and outreach of financial services. 2.1.1 System-wide Indicators Financial structure is defined in terms of the aggregate size of the financial...

Ngày tải lên: 17/12/2013, 05:15

... nancial stability – S Oosterloo and J de Haan (2006), “Central banks and nancial stability: a survey”, Journal of Financial Stability, No 1. Central banks confront the issue of nancial stability ... governance and  nancial stability Executive summary and main conclusionsExecutive summary and main conclusionsExecutive summary and main conclusions BIS: Central bank governance and  nancial stabilityCentral ... BIS: Central bank governance and  nancial stability 2 Executive summary and main conclusionsExecutive summary and main conclusions Central bank governance and  nancial stability 2 4. When the central...

Ngày tải lên: 16/02/2014, 10:20

... potential financial stability issue of both domestic and global significance. I would add that in discussions about ways that financial problems could, potentially, be amplified into a financial ... were 19 percent. And finally, Treasury and Agency securities were 9 percent and 10 percent, respectively. 2 Sponsors are the asset management firms and their parents and affiliates. 3 ... Eastern Time OR UPON DELIVERY 2 The focus of my remarks today will be financial stability. Both the financial crisis in 2008 and the more recent sovereign debt problems in Europe underscored the...

Ngày tải lên: 19/02/2014, 14:20

... managers, and owners of the most efficient and least efficient banks and the influence of this owner- ship/management structure on bank efficiency. 4 Ownership and management structure and firm ... ownership and management structure, the experience and responsibilities of bank officers and directors, and the financial incentives that they are given. For this study, the sample bank ownership and ... banks. FINANCIAL INDUSTRY PERSPECTIVES 18 What makes a bank efficient?  A look at financial characteristics and bank management and ownership structure Kenneth Spong, Richard J. Sullivan, and...

Ngày tải lên: 06/03/2014, 10:20

... institution, is that monetary and financial stability policy are intertwined. Monetary policy can have important implications for financial stability; financial stability decisions will also have ... ✖✖✖ Argentina Brazil South Africa Thailand Zimbabwe Cyprus Indonesia Mexico Chile Peru Central banks and financial stability 389 7 Bakers and firefighters Bread, and those who bake it, are in continuous demand. Firemen ... international dimension to financial crises, the many links between financial stability policy and monetary policy, and the nature of the work of those charged with safeguarding financial stability. (1) (1)...

Ngày tải lên: 06/03/2014, 10:20

... Boratav, Yeldan and Köse (2000), Onaran (2000), Yeldan and Köse (1999), Filiztekin (1999), Ercan (1999), Pamukỗu and de Boer (1999), Kửse and Yeldan (1998a and 1998b), Yentỹrk (1997 and 1999), Uygur ... (1996), Diaz-Alejandro (1985), Kaminsky and Reinhart (1999), Frenkel (1995), and Agenor and Montiel (1999, chp. 8). For individual country experiences see also Corbo (1985), and Edwards and Edwards ... evolving world financial system has been achieved by a series of policies aimed at liberalizing their financial sectors. The motive behind financial liberalization was to restore growth and stability...

Ngày tải lên: 15/03/2014, 19:20

... Tsmocos and Alexandros Varoulavis (2011), Financial Regulation in General Equilibrium”, mimeo Gorton, Gary and Andrew Metrick (2011), “Securitized Banking and the Run on Repo”, Journal of Financial ... faced by financial intermediaries (which include haircuts) can have a first-order impact on asset prices and market dynamics, and thus propagate and amplify financial shocks throughout the financial ... Securities Lending and Repos: Market Overview and Financial Stability Issues Interim Report of the FSB Workstream on Securities Lending and Repos 27 April 2012 3 and 4. Interdealer...

Ngày tải lên: 15/03/2014, 19:20

... lines of Rochet and Vives (2004) and Kăoenig (2010). 8 SFB 649 Discussion Paper 2012-065 Covered bonds, core markets, and financial stability Kartik Anand * James ... L D = 1. 22 Financial Stability Board (2012). ‘Securities Lending and repos: market overview and financial stability issues’, Interim Report of the FSB Workstream on Securities Lending and Repos. Gai, ... and Shin (2003) and the literature on social dynamics (see Durlauf and Young (2001)). Bank runs and liquidity crises in the context of global games have previously been studied by Goldstein and...

Ngày tải lên: 22/03/2014, 20:20