Has the current account broken up with its fundamentals in Central and Eastern Europe?
Abstract Substantial capital outflows across Europe following the 2007/8 Global Financial Crisis and 2010 European Sovereign Debt crisis raise concerns regarding potential capital outflows from the economies of Central and Eastern European countries. To shed light on country‐level factors that can mitigate crisis and potential capital outflows across ...
Simeon Coleman, Juan Carlos Cuestas
wiley +1 more source
The Effects of Business Cycle and Debt Maturity on a Firm’s Investment in Fixed Assets [PDF]
This research is aimed to investigate of the effects of business cycle and debt maturity on a firm’s investment in fixed assets. To do this, the financial information of 113 industrial firms listed in Tehran Stock Exchange during the period from 2004 to ...
pari rashedi, Hamid reza Bazzaz zadeh
doaj +1 more source
The public debt multiplier [PDF]
We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping generations framework. The debt multiplier is positive but quite small during normal times while it is much larger during crises.
arxiv +1 more source
Corporate Debt Maturity and Investment Over the Business Cycle
The business cycle dynamics of firms' investment and debt maturity vary across the firm size and age distribution: Young and small firms have strongly pro-cyclical debt maturity and investment, old and large firms a-cyclical debt maturity and weakly pro ...
J. Poeschl
semanticscholar +1 more source
The Long and the Short of It: Sovereign Debt Crises and Debt Maturity [PDF]
We present a simple model of sovereign debt crises in which a country chooses its optimal mix of short and long-term bonds subject to standard contracting frictions: the country cannot commit to repay its debts nor to a specific path of future debt issues, and contracts cannot be made state contingent nor renegotiated.
Raquel Fernández, Alberto Martín
openaire +7 more sources
The Effect of Managerial Overconfidence on Debt Maturity Structure in Listed Companies in Tehran Stock Exchange [PDF]
Financing policies made by managers can play a key role in the risk and wealth creation for stochkholders. However, identifying effective factors in managers` financing decisions is of great importance.
Masoud Hasani Alghar+1 more
doaj +1 more source
Debt Structure and Future Financing and Investment. Evidence from Oil and Gas Sector of Pakistan
Purpose: This study aims to investigate the link between debt structure and future external financing and investment, existing empirical literature suggest various features of debt structure such as maturity structure, seniority and security profile ...
Jameel Ahmed Khan Hakro+3 more
doaj +1 more source
Investigating the effect of debt level selection and debt maturity on investment behavior of companies listed on the Tehran Stock Exchange [PDF]
Investment is a process in which the right facilities are used to generate profitability. In this regard, the combination of capital structure and its relationship with shareholder wealth is important.
Mohammad Sayyadi+2 more
doaj +1 more source
Endogenous Debt Maturity and Rollover Risk [PDF]
We challenge the common view that short-term debt, by having to be rolled over continuously, is a risk factor that exposes banks to higher default risk. First, we show that the average effect of expiring obligations on default risk is insignificant; it is only when a bank has limited access to new funds that maturing debt has a detrimental impact on ...
Brancati E., Macchiavelli M.
openaire +4 more sources
Financial reforms, financial openness, and corporate debt maturity: International evidence
We study how credit market deregulation and financial openness have changed corporate debt maturity. The evidence comes from a large panel of publicly traded firms in 38 countries in the post 1994 period.
Şenay Ağca+2 more
doaj +1 more source