Search Results - subject_exact:"Bürgschaft"

Loan guarantees and the internationalisation of Indian firms

Mani, Sunil - 2026

This paper analyses the role of loan guarantees in supporting the internationalisation of Indian firms through outward foreign direct investment (OFDI) since the mid-2000s. Despite a persistent domestic savings-investment gap and recurrent current account deficits, Indian OFDI has expanded...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596706

The effect of debt guarantees and risk exposure on bank salaries in Switzerland

Sheldon, George - 2026

It is well known that state bank debt guarantees create a significant moral hazard problem by encouraging banks to invest in more risk in the pursuit of higher returns, knowing that the state will bail them out if they fail. Researchers have recently postulated that the higher returns stemming...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656468

The efficiency of public guarantee system in a post-transition country : a case of Croatia

Broz, Tanja; Becker, Goran; Ridzak, Tomislav - 2026

In this article we examine the real and financial effects of public credit guarantees issued to SMEs in different regions in Croatia. Credit guarantee schemes are aimed at increasing lending to SMEs and are widely spread around the world. However, the evaluation of their efficiency is lagging...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676859

Who gets publicly guaranteed loans? : the effect of guarantee fees on loan allocation and pricing

Güler, Ozan; Samarin, Ilia - 2026

We study how guarantee fees affect lending by exploiting the Belgian COVID-19 loan guarantee program, which charged lower fees to SMEs than to large firms. Using this size-based fee discontinuity in a regression discontinuity design, we show that large firms facing higher fees are more likely to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064305

Pricing liquidity support: A PLB for Switzerland

Monnet, Cyril; Niepelt, Dirk; Taudien, Remo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015325534

The global financial crisis : features and resolution

Erastov, Vasyl; Balytska, Mariia - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651047

Pricing liquidity support : a PLB for Switzerland

Monnet, Cyril; Niepelt, Dirk; Taudien, Remo - 2025

The proposed revision of the Swiss Banking Act introduces a public liquidity backstop (PLB) for distressed systemically important banks (SIBs), in part to facilitate resolution. We examine the impact of the PLB on fiscal balances, societal welfare, and the incentives of bank shareholders and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015323465

Macroeconomic effects of public credit guarantee issuance shocks : evidence from Korea's small business credit guarantee system

Nam, Deokwoo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667276

Purpose matters : impact of public loan guarantees on business growth

Kotamäki, Mauri - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467390

Liability management, swaps, and guarantees climate risk and sovereign green bonds

Aziz, Miriam R. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085569

Legal risks and social bonds : how does information about risks affect the willingness to grant a third-party loan guarantee?

Beckmann, Elisabeth; Bergmann, Söhnke; Hainz, Christa; … - 2025

Loan guarantees can enhance access to credit, but serving as a private guarantor may also increase financial vulnerability. We examine, through a randomized information experiment in the UK, how providing information about the legal ramifications and risks of loan guarantees affects...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015434403

G20/OECD Report on blended finance derisking measures : The case of guarantees and credit enhancement instruments

2025

This G20/OECD report explores how guarantees and credit enhancements can better contribute to the mobilisation of private capital towards sustainable infrastructure in emerging markets and developing economies, and what policy actions can be taken to improve the accessibility and functioning of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015630470

Who benefits from government guarantees : evidence from Saitdol loans

Kim, Meeroo - 2025

This study investigates whether Saitdol loans, a type of governmentguaranteed loan, were allocated to groups that would otherwise be unable to access the loan market without such a guarantee. To assess this, both non-parametric and parametric estimation methods, as proposed by Hendren (2013),...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015415799

Sovereign loan guarantees and financial stability

Lorenzo, Ivan de; Pinheiro, Tiago - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015558718

The demand for loan guarantees in the UK 1981-2018 : time series analysis

Cowling, Marc; Káčer, Marek; Wilson, Nicholas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015508684

Bonding the gap : surety bond guarantee, defaults, and small businesses

Patel, Pankaj - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386673

ESG transition incentives with loan guarantees

Xu, Wenyang; Yang, Zhaojun; Zhu, Nanhui - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015407960

How does a small firm end up with a more expensive loan guarantee when a cheaper and safer one was on offer? : the intriguing case of two UK Covid-19 guarantee schemes

Cowling, Marc; Wilson, Nicholas; Liu, Weixi - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015062395

Transmission of guarantor risk and its influence on bond credit spreads

Liang, Shenbao; Li, Zhimin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410453

Does inflation trigger early repayment on Covid-19 UK guaranteed loans?

Cowling, Marc; Wilson, Nicholas - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015075574

Strategic financing options in a supply chain facing guarantee shortages and capital constraints under demand uncertainty

Zhu, Xiaoliang; Yan, Yingchen; Yang, Guoqing - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015433250

A new family of modified Gaussian copulas for market consistent valuation of government guarantees

Cerqueti, Roy; Cesarone, Francesco; Heusch, Maria C.; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015134056

The dual effect of upper-level government implicit guarantees on subordinate municipal corporate bond credit risk : an empirical analysis

Cao, Xiao; Gu, Runsheng; Ji, Xiaoqing; Li, Yuhang; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015405045

Government-guaranteed credit and populism

Dautovic, Ernest; Hsieh, Robin - 2024

The phenomenon of political populism and its financial determinants have proved elusive. We utilise the sudden and uneven change in credit conditions during the COVID-19 pandemic and the unprecedented government credit guarantee programme in France to investigate whether liquidity support to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015178549

Impact of implicit government guarantee on the credit spread of urban construction investment bonds

Chen, Rongda; Li, Han; Tang, Xuhui; Jin, Chenglu; … - 2024

Financing sources for urban construction have garnered significant attention globally. Among various financing methods, the urban construction investment bond (UCIB) is unique to China. The UCIB credit spread, which represents the compensation for credit risk, has become a focal point for...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359359

Local government debts and corporate bond spreads : evidence from China

Ye, Haoming; Wang, Yan; Yang, Xiaoguang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015506506

Shadow banking, implicit guarantees, and risk-taking

Guo, Shen; Jiang, Zheng - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626959

Loan guarantee, management earnings forecasts and cost of debt : evidence from Chinese manufacturing firms

Khan, Muhammad Bilal; Kayani, Umar Nawaz; Saleem, Hummera; … - 2024

One of the most pressing issues facing developing economies is how to provide expansion capital for existing businesses. However, this issue is more pressing in China, where private enterprises suffer significant financial constraints from capital market limitations. Therefore, the significance...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386994

The labor market effects of loan guarantee programs

Barrot, Jean-Noël; Martin, Thorsten; Sauvagnat, Julien; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015046476

When expectations of implicit government guarantees diminished, do retail stock investors run away?

Tang, Lin; Zhuo, Zhi; Zou, Hong - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015558618

Public credit guarantees and banking system : the Italian case during COVID-19 emergency

Banfi, Alberto; Marchesi, Alberto; Pumpurini, Francesca - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062427

The hazards of delivering a public loan guarantee scheme : an analysis of borrower and lender characteristics

Cowling, Marc; Wilson, Nicholas; Nightingale, Paul; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014583619

Impact of public guarantees on optimal debt levels following the COVID-19 pandemic : efficiency in their allocation

Baixauli-Soler, J. Samuel; Lozano-Reina, Gabriel; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014564177

Gesetzliche und vertragliche Eskalationsmodelle im privatrechtlichen Bauwesen (Bauvertrag)

Walther, Rainer - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014442891

Do costly internal equity injections reveal bank expectations about post-crisis real outcomes?

Gupta, Arun; Sapriza, Horacio - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013499247

Loan guarantees in a crisis : an antidote to a credit crunch?

Marsh, W. Blake; Sharma, Padma - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014565227

The effect of physical collateral and personal guarantees on business startups

Honjō, Yūji; Ono, Arito; Tsuruta, Daisuke - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015066069

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The effect of physical collateral and personal guarantees on business start-ups

Honjō, Yūji; Ono, Arito; Tsuruta, Daisuke - 2019

Book / Working Paper

Risk sharing, SMEs’ financial strategy, and lending guarantee technology

Saci, Karima; Mansour, Walid - 2023

Several governments use the Credit Guarantee Schemes to ease SMEs' access to funding and support their growth and survival. This paper suggests a lending guarantee technology based on risk sharing through a de facto shareholding agreement to cover potential losses and reduce the premature...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014234373

Intervention with screening in panic-based runs

Shen, Lin; Zou, Junyuan - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014486424

Guaranteeing Trade in a Severe Crisis : Cash Collateral Over Bank Guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

Banks guarantee international trade through letters of credit. This paper analyzes what happens to trade when the critical role of banks as trade guarantors is compromised. Using the case of the Greek capital controls in 2015, the events around which led to a massive loss of confidence in the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014256876

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Guaranteeing Trade in a Severe Crisis: Cash Collateral over Bank Guarantees

Kotidis, Antonis - 2023

Book / Working Paper

Guaranteeing trade in a severe crisis : cash collateral over bank guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

Book / Working Paper

Two-stage investment, loan guarantees and share buybacks

Dong, Linjia; Nishihara, Michi; Yang, Zhaojun - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014480335

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Two-Stage Investment, Loan Guarantees and Share Buybacks

Dong, Linjia; Nishihara, Michi; Yang, Zhaojun - 2023

Book / Working Paper

Two-Stage Investment, Loan Guarantees and Share Buybacks

Dong, Linjia; Nishihara, Michi; Yang, Zhaojun - 2022

Book / Working Paper

Impact of loss aversion on financing mechanism preference under consignment : direct vs. Guarantee

Xie, Wei; Yu, Huilin; Zhong, Yuanguang; Zhou, Yong-Wu - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014456845

Government subsidy policies for guarantee financing : risk compensation vs. fee reduction

Luo, Luping; He, Wen; Hu, Hao - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014456899

Sweden : Bank Support Authority, Blanket Guarantee, 1992

Makhija, Anmol - 2023

Following a period of rapid financial liberalization and a record credit boom in the 1980s, Sweden’s financial system suffered its worst shock in the post–World War II period. Swedish banks were heavily dependent on foreign credit, which dried up amid signs of instability. The Swedish...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014258489

Information technology and credit : evidence from public guarantees

Core, Fabrizio; De Marco, Filippo - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015138050

Mexico : FOBAPROA Blanket Guarantee, 1993–1994

Schaefer-Brown, Stella - 2023

On December 22, 1994, the Mexican government allowed the peso to float freely against the US dollar, aggravating the run on peso deposits, leading to the rapid devaluation of the peso, and sparking the peso crisis. The following week, the Bank of Mexico announced that the Mexican deposit insurer...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014258490

How much would it cost to guarantee debt for all publicly traded U.S. corporations?

Miller, Stephen Matteo - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015158313

Thailand : FIDF Blanket Guarantee, 1997

George, Ayodeji - 2023

The Thai government’s decision to allow the baht to float in July 1997 was the pivotal event of the Asian Financial Crisis. The baht fell 20% by the end of the month, further pressuring Thai financial institutions that had borrowed heavily in US dollars and other foreign currencies. In early...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014258520

Korea : Blanket Guarantee, 1997

Decker, Bailey - 2023

Korea entered the Asian Financial Crisis in August 1997 with highly leveraged firms and a banking system inexperienced in managing systemic risk. Korea faced a currency crisis and a banking crisis, as foreign banks froze credit to Korean commercial banks and merchant banks. On August 25, 1997,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014258521

Loan guarantees and SMEs' investments under asymmetric information and Bayesian learning

Luo, Pengfei; Wang, Huamao; Yang, Zhaojun - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015121182