Determinants of Foreign Currency Borrowing in the New Member States of the EU [PDF]
The paper empirically investigates the determinants of foreign currency borrowing by the private sector in the new member states of the European Union. The authors find that striking differences in patterns of foreign currency borrowing between countries
Marcel Tirpák, Christoph Rosenberg
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Borrowing Constraints and Credit Demand [PDF]
This paper investigates the determinants of credit demand in the presence of borrowing constraints for the Chilean economy using a recently collected detailed and innovative data set, the Households Financial Survey.
Jaime Ruiz-Tagle, Francis Vella
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Determinants of Borrowing Behaviour of Farmers – A Comparative Study of Commercial and Co-operative Banks [PDF]
The preference of farmers between commercial and co-operative banks for borrowing has been studied with the objectives of finding (a) distribution of institutional credit across various categories of farmers and to assess the coverage and quantum of ...
Gandhimathi, S., Vanitha, S.
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Optimal Fiscal Policy and Private Sector Borrowing Constraints [PDF]
, 2018 When the transmission channel between savers and borrowing firms is disturbed, firms may find themselves borrowing-constrained. I study the optimal fiscal policy response to a tightening borrowing constraint in a simple two-period model.
Myohl, Christian
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House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis [PDF]
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S.
Amir Sufi, Atif R. Mian
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Does SDDS Subscription Reduce Borrowing Costs for Emerging Market Economies? [PDF]
Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in international capital markets? This question is examined using data on new issues of sovereign foreign-
John Cady
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Labor Market Search, Housing Prices and Borrowing Constraints. [PDF]
Mortgage market deregulation in the early 1980s coincided in time with a sharp break in the cyclical behavior of many variables related to housing and to the labor market.
Javier Andrés Domingo +2 more
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Foreign Currency Borrowing by Small Firms [PDF]
We examine the firm- and country-level determinants of the currency denomination of small business loans. We first model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress ...
Steven Ongena, Martin Brown, Pinar Yesin
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Information Asymmetry and Foreign Currency Borrowing by Small Firms [PDF]
We model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs. Under perfect information foreign currency funds come at a lower interest rate, all foreign currency ...
Yesin, P., Brown, M., Ongena, S.
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Country Risk, Foreign Borrowing and the Social Discount Rate in an Open Developing Economy [PDF]
Most discussions on the social rate of discount have assumed that the economy under consideration is isolated from the rest of the world, and that there are no capital movements.
Sebastian Edwards
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