Results 121 to 130 of about 65,859 (324)

The Minerals–Energy Complex in South Africa: An Empirical Debunking

Development and Change, EarlyView.
ABSTRACT A hugely influential framework in South African political economy holds that the country has been dominated for the better part of a century by a Minerals–Energy Complex (MEC) comprising powerful firms and state agencies involved in mining and a range of downstream industries.
Niall Reddy
wiley   +1 more source

Repayment under flexible loan contracts: evidence based on high‐frequency data

Economica, EarlyView.
Abstract We study repayment in the context of an alternative financial product that enables the purchase of a large asset—a solar panel home system—while offering complete repayment flexibility. Using a large administrative dataset on daily repayment of 38,400 borrowers in Tanzania over 5.5 years, we perform unsupervised pattern analysis to classify ...
Antonia Grohmann, Friederike Lenel, Steffen Herbold   +2 more
wiley   +1 more source

Analyse av CDS-basisen i det norske markedet : et uutforsket marked med arbitrasjemuligheter? [PDF]

, 2009
Denne masterutredningen tar utgangspunkt i teorien om ingen arbitrasje, og beskriver sammenhengen mellom produktene credit default swap og asset swap. Kredittderivatene reflekterer begge kredittrisiko, og skal derfor i teorien prises likt.
Eliston, Joe, Lundeby, Morten Gran
core  

Preventing financial ruin: How the West India trade fostered creativity in crisis lending by the Bank of England

The Economic History Review, EarlyView.
Abstract This paper contributes to the understanding of the complex relationship between British economic performance during the Napoleonic wars and the ‘West Indies’, as the Caribbean slave colonies were called. Not only did profits from slave‐based commerce provide financing for the growth of the financial sector, as has been claimed, but the risk of
Carolyn Sissoko, Mina Ishizu
wiley   +1 more source

Goodbye connections, hello Bagehot: democratization, lender of last resort independence and bank failures in Spain in 1931

The Economic History Review, EarlyView.
Abstract Did democratization reduce the likelihood of politically connected bank bailouts in the past? What role did private central banks play as independent lenders of last resort? To answer these questions, this article provides new detailed archival evidence on the causes of bank failures in Spain in July 1931.
Enrique Jorge‐Sotelo
wiley   +1 more source

China inside out: Explaining silver flows in the triangular trade, c. 1820s‒70s

The Economic History Review, EarlyView.
Abstract This paper analyses a new large dataset of silver prices, as well as silver and merchandise trade flows in and out of China in the crucial decades of the mid‐nineteenth century when the Empire was opened to world trade. Silver flows were associated with the interaction between heterogeneous monetary preferences and availability of specific ...
Alejandra Irigoin, Atsushi Kobayashi, David Chilosi   +2 more
wiley   +1 more source

Informationally advantaged lenders and the credit derivative market: Evidence from Loan only Credit Default Swap (LCDX)

Applied Finance Letters
This paper explores the informational role of the Loan Only Credit Default Index (LCDX) on the pricing of syndicated loans. Despite an extensive body of research on credit indices and loan pricing, limited studies have comprehensively assessed the ...
Zagdbazar Davaadorj, Jorge Brusa
doaj   +1 more source

Sovereign default network and currency risk premia. [PDF]

Financ Innov, 2023
Yang L, Yang L, Cui X.
europepmc   +1 more source

Credit Derivatives and the Default Risk of Large Complex Financial Institutions [PDF]

This paper addresses the impact of developments in the credit risk transfer market on the viability of a group of systemically important financial institutions.
Christos Ioannidis, Giovanni Calice, Julian Williams   +2 more
core  

Bond Fund Herding and Corporate Bond Issuance

European Financial Management, EarlyView.
ABSTRACT We investigate whether the herding behaviour of bond funds influences corporate bond issuance. Using quarterly data from 1998 to 2018, we find that only buy herding significantly increases bond issuance activity. Further analysis supports an informational channel, suggesting that ‘investigative herding’ among funds enhances credit information ...
Gi H. Kim, Xu Li
wiley   +1 more source