Doomsday for the Euro Area: Causes, Variants and Consequences of Breakup
In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the
Ansgar Belke, Florian Verheyen
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The influence of earnings management and asymmetry information on the cost of equity capital moderated by disclosure level [PDF]
Company value can be increased by minimizing the cost of equity capital. The cost of equity capital is the rate of return required by investors in accordance with company condition.
Kiswanto , Novi Fitriani
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Systemic risk: A game of lenses and clocks [PDF]
Until recently the debate on systemic risk was reduced to examining sudden exogenous shocks. Today the reference literature emphasizes that systemic shocks may have a source in domestic or international environment, as a consequence of procyclicality in ...
Drvendžija Jelena
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Dollar as the world's reserve currency: Challenges and prospects [PDF]
The US dollar gained the status of the world's reserve currency in the Bretton Woods system and has preserved it until the present day. Such position in international finance entails both advantages and disadvantages to the USA as the issuer of this ...
Kovačević Radovan
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Socio-economic aspects of cash withdrawal from use [PDF]
The notion of a cashless society is slowly becoming an inevitability of the modern way of doing business. Withdrawal of cash from use is the result of wide application of information and communication technologies.
Stojmenović Marija
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Analysis of Bankruptcy Threat for Risk Management Purposes: A Model Approach
In previous works, the importance of risk management implementation was addressed with regard to the problem of bankruptcy threat, with the explanation of risk impact on higher bankruptcy costs or the underinvestment problem.
Monika Wieczorek-Kosmala+2 more
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Coordination between the monetary and public debt management policies in Croatia [PDF]
This paper explains the main characteristics of and prerequisites for coordination between the measures and instruments of monetary and public debt management policies in Croatia and evaluates current practice, particularly over the last two recession ...
•Zorica Raspudić Golomejić
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Host country characteristics attracting climate projects through public-private partnerships
Climate technology transfer to developing countries face a range of challenges stemming from the capacity of destination or host countries. Access to finance has been identified as a major barrier in academic literature as well as by the donor community,
Nabil Haque, Sungida Rashid
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Sustainable finance: political challenges of development and implementation of framework conditions
According to the 2015 Paris Agreement, a long-term goal is the commitment to “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Reconciling climate change objectives and financial ...
Claudia Kemfert, Sophie Schmalz
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Bond Indenture Consent Solicitations as a Debt Management Tool
Many companies in recent years are seeking new ways to manage their debt liabilities. Companies with outstanding debt securities can engage in a variety of transactions with bond holders.
Jamie A. Anderson-Parson+2 more
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