Results 291 to 300 of about 3,215,272 (341)

The Dynamics of Work and Debt [PDF]

open access: possibleSSRN Electronic Journal, 2004
This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased current consumption by borrowing against future wages ...
Jeffrey R. Campbell, Zvi Hercowitz
openaire   +2 more sources

Housing tenure, consumption and household debt: life-cycle dynamics during a housing bust in Spain

Documento de trabajo
The housing bust in Spain was characterised by a significant and rapid drop in home ownership among the younger cohorts, a relatively homogeneous but significant decrease in consumption and significant movements in the rent-to-house price ratio.
Clodomiro Ferreira   +2 more
semanticscholar   +1 more source

Emerging market debt and the COVID‐19 pandemic: A time–frequency analysis of spreads and total returns dynamics

International Journal of Finance and Economics, 2020
We apply wavelet analyses to study the impact of COVID-19 pandemic on the performance of emerging market bonds, in both investment grade and high yield ranges of creditworthiness Our results show varying level of coherence ranging from low, medium and ...
Mariya Gubareva, Zaghum Umar
semanticscholar   +1 more source

Dynamics of Debt Capacity

SSRN Electronic Journal, 2015
We propose a model that explains the build-up of short term debt when the creditors are strategic and have different beliefs about the prospects of the borrowers' fundamentals. We define a dynamic game among creditors, whose outcome is the short term debt process as a function of the borrower's fundamentals.
Andreea Minca, Johannes Wissel
openaire   +1 more source

Court-Supervised Restructuring: Pre-Bankruptcy Dynamics, Debt Structure and Debt Rescheduling [PDF]

open access: possibleSSRN Electronic Journal, 2008
We analyze the debt dynamics of corporations that reorganize under Belgian court-supervised restructuring, using a unique sample of small corporations. Small firms systematically accumulate unsecured trade credit and unpaid taxes and social contributions in the running up to bankruptcy-reorganization.
B. LEYMAN, K. SCHOORS, P. COUSSEMENT
openaire   +1 more source

The economics of conservation debt: a natural capital approach to revealed valuation of ecological dynamics.

Ecological Applications, 2020
Some species are valued for their direct usefulness to society, through immediate financial returns from market activities such as harvesting or ecotourism.
S. M. Maher   +3 more
semanticscholar   +1 more source

Lost and Found: Market Access and Public Debt Dynamics

Oxford Economic Papers, 2016
The empirical literature on sovereign debt crises identifies the level of public debt (measured as a share of GDP) as a key variable to predict debt defaults and to determine sovereign market access.
C. Cottarelli   +2 more
semanticscholar   +1 more source

Dynamics of public debt sustainability in major Indian states

Journal of the Asia Pacific Economy, 2020
This study empirically tests whether the public debt is sustainable or not at 22 major Indian states during 2006–07 to 2015–16. It employs the Bohn model for panel data, five alternative specifications and p-spline technique to analyze the issue at ...
P. S. Renjith, K. Shanmugam
semanticscholar   +1 more source

Capital structure dynamics and transitory debt

Journal of Financial Economics, 2010
Abstract Firms deliberately but temporarily deviate from permanent leverage targets by issuing transitory debt to fund investment. Leverage targets conservatively embed the option to issue transitory debt, with the evolution of leverage reflecting the sequence of investment outlays.
Harry DeAngelo   +2 more
openaire   +1 more source

Public debt dynamics

1999
In this chapter, we will address the last economic question resulting from the chosen model framework: how does public indebtedness evolve and how does fiscal policy and financial market interaction influence this evolution? We will take ‘public debt per output’ (i.e. the debt ratio) as the appropriate measure for public indebtedness. The debt ratio is
openaire   +1 more source

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