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Republic of Serbia : Financial Sector Assessment Program Update: Technical Note on Systemic Liquidity Management

International Monetary Fund - 2010

This Technical Note reviews Systemic Liquidity Management in Serbia. The liquidity management framework in Serbia … is generally a function of the quality of the systemic liquidity management by the central bank, the technical capability …

Persistent link: https://www.econbiz.de/10014404436

Factors Affecting Liquidity of Islamic Banks in Saudi Arabia

Abdelmagid, Diyaeldin Abdelbasit - 2020

The main purpose of this study is to investigate factors affecting liquidity of Islamic banks in Saudi Arabia. The data …. Results of panel data regression analysis showed that Islamic banks’ liquidity is negatively related to deposit ratio and … interbank transactions and Islamic bank liquidity is ambiguous. The study has also found that bank size, the growth rate of GDP …

Persistent link: https://www.econbiz.de/10014348589

Down the Tubes : Financial Distress, Bankruptcy, and Industrial Water Pollution

Ohlrogge, Michael - 2023

How do firms' efforts to prevent harm to third parties change as they approach, enter, and then exit bankruptcy? To help answer this, I investigate a panel of roughly 350 US firms, all of which declare bankruptcy and are regulated under the Clean Water Act (CWA) for pollutants they release into...

Persistent link: https://www.econbiz.de/10014348630

Optimal Liquidity and Asset Bubbles

Detemple, Jerome; Kitapbayev, Yerkin; Prieto, Rodolfo - 2023

simple exchange economy with three types of agents: regular stockholders, arbitrageurs and liquidity providers. Regular … increased stock volatility created by arbitrageurs with access to credit lines. Arbitrageurs and liquidity providers are at … least as well off. Optimal liquidity is found to be consistent with the existence of bubbles in stock and bond markets under …

Persistent link: https://www.econbiz.de/10014348653

A Corporate Finance View of Debt Market Illiquidity

Nagler, Florian; Ottonello, Giorgio - 2023

We empirically study non-traded bonds (NTB). We show that NTB offerings are driven by a firm-demand channel: firms issue NTB in expectation of future demand for deleveraging. NTB offerings therefore predict firms' future deleveraging activity, which happens through repurchasing NTB. We establish...

Persistent link: https://www.econbiz.de/10014348704

Fiscal Discipline and Defaults

Fernández de Córdoba, Gonzalo; Pujolas, Pau; Torres … - 2023

We develop a general equilibrium model with a detailed structure of government expenditures and revenues, calibrate it to the Greek and German economies, and use it to study the link between fiscal discipline and defaults. We show that even if the Greek government had entered the Great Recession...

Persistent link: https://www.econbiz.de/10014348914

Energy Price Hikes and Expected Household Financial Distress : A Behavioural Approach

Hoeltken, Carolin - 2023

Mental accounting influences how individuals perceive gains and losses. This study examines the impact of segregated versus integrated accounts on financial distress, using the sudden energy price hike in the UK in 2021. I compare the financial distress levels of consumers who pay separate bills...

Persistent link: https://www.econbiz.de/10014348977

Health Insurance and Young Adult Financial Distress

Blascak, Nathan; Mikhed, Vyacheslav - 2021

We study the ﬁnancial eﬀects of health insurance for young adults using the Aﬀordable Care Act’s dependent coverage mandate as a source of exogenous variation. Using nationally repre-sentative, anonymized credit report and publicly available survey data on medical expenditures, we...

Persistent link: https://www.econbiz.de/10014349016

Is Depressed Wealth Effect of Liquidity a Priced Risk Factor? Evidence From Developed and Emerging Markets

Saeed, Dr. Sadia; Shafique, Dr. Saima; Akhtar, Dr. Shehla; … - 2020

The current study attempts to investigate that the depressed wealth effect of liquidity risk is priced in developed and … emerging markets or not. Multiple liquidity measures including Amivest liquidity, market efficiency coefficient, Roll estimator … and value turnover are used in the study for analyzing various aspects of liquidity. Innovations in liquidity measures are …

Persistent link: https://www.econbiz.de/10014349097

Creditor Rights and Legal Transaction Costs

Aggarwal, Dhruv - 2023

I estimate the relationship between increased creditor rights and legal expenditures of debtor corporations by analyzing the effect of a major securitization law in India allowing secured creditors to seize collateral. While the law decreased spending on legal proceedings commonly used by firms...

Persistent link: https://www.econbiz.de/10014349158