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Syndicated bank lending and rating downgrades: Do sovereign ceiling policies really matter?

Hasan, Iftekhar; Kim, Suk-Joong; Politsidis, Panagiotis; … - 2020

We examine the effect of firm credit rating downgrades on the pricing and structure of syndicated bank loans following … bounded firms’ bank financing costs. …

Persistent link: https://www.econbiz.de/10015218408

The performance of commercial banks and the determinants of profitability: Evidence from Kosovo

Govori, Fadil - 2013

Financial intermediaries perform indirect financing, and in this context, commercial banks are very important participants. They carry out the bulk of indirect financing transactions. On the other hand, the implementation mechanism of monetary policy is closely linked to the functioning of the...

Persistent link: https://www.econbiz.de/10015236937

Recent Developments in Quantitative Finance: An Overview

Chang, Chia-Lin; Hu, Shing-Yang; Yu, Shih-Ti - 2014

in equity markets, whether CEO incentive pay improves bank performance, using a quantile regression analysis of U …

Persistent link: https://www.econbiz.de/10015243994

Bank stocks inform higher growth – A System GMM analysis of ten emerging markets in Asia

Mittal, Amit; Garg, Ajay Kumar - 2018

sample of high growth emerging markets from Asia investigates if bank stocks contain information beyond the monetary and … banking aggregates. In a sample of emerging markets with 5% GDP growth, bank stocks create 0.22% of GDP growth for every 1 SD … excess return in a weighted portfolio of bank stocks. The chosen emerging markets are homogenous based on WGI Indicators from …

Persistent link: https://www.econbiz.de/10015212550

Choosing the Currency Structure of Foreign-currency Debt: a Review of Policy Approaches

Melecky, Martin - 2010

Starting from the constraints and incentives that cause countries to issue debt in foreign currency, this paper provides an overview of policy approaches for choosing the optimal currency structure of sovereign foreign-currency debt. The objective of sovereign debt managers generally includes...

Persistent link: https://www.econbiz.de/10015220782

Managing sovereign credit risk in bond portfolios

Bruder, Benjamin; Hereil, Pierre; Roncalli, Thierry - 2011

With the recent development of the European debt crisis, traditional index bond management has been severely called into question. We focus here on the risk issues raised by the classical market-capitalization weighting scheme. We propose an approach to properly measure sovereign credit risk in...

Persistent link: https://www.econbiz.de/10015230646

Sovereign Bond Yield Spillovers in the Euro Zone During the Financial and Debt Crisis

Antonakakis, Nikolaos; Vergos, Konstantinos - 2012

In this paper we examine the linkages of government bond yield spreads (BYS) between Euro zone countries over the period March 3, 2007 - June 18, 2012, thus considering the intriguing features of BYS spillovers during the global financial and the Euro zone debt crisis. Splitting our sample to...

Persistent link: https://www.econbiz.de/10015235050

Reforma da Administração Pública: Antes e Depois da Democracia

Martins, J. Albuquerque - 2008

by products, functions, sectors and so on, as occurs in the economic as discipline with it focus on finance or bank. The …

Persistent link: https://www.econbiz.de/10015268359

The Behaviour of Chinese Government Bond Yield Curve before and during the COVID-19 Pandemic

Ganchev, Alexander - 2023

The aim of the study is to investigate the behaviour of the Chinese government bond yield curve before and during the COVID-19 pandemic. Its methodology comprises the techniques of time series analysis, correlation analysis and dimensionality reduction. The main empirical results show that in...

Persistent link: https://www.econbiz.de/10015270219

The Checks of Czechs: Optimizing the Debt Portfolio of the Czech Government

Melecky, Ales; Melecky, Martin - 2014

Sound debt management practices help protect government expenditures on debt servicing from aggregate shocks and prevent the occurrence of debt crises. Building on Giavazzi and Missale (2004), this article examines the optimal allocation of government debt for the Czech Republic. To calibrate...

Persistent link: https://www.econbiz.de/10015243509