Results 1 to 10 of about 1,086 (252)
Debt-for-nature or climate swaps in public finance management [PDF]
Problems and Perspectives in Management, 2023 Considering climate change and growing ecological threats, achieving climate neutrality requires close attention from the state and the involvement of new tools, including those of the so-called green financing. This paper aims to determine the feasibility of combining the tasks of reducing the debt burden and expanding investments in environmental ...
Svitlana Naumenkova +3 more
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Credit Default Swaps, Firm Financing and the Economy [PDF]
SSRN Electronic Journal, 2012 This paper develops a model of CDS demand when investment is subject to economic fluctuations and verification is imperfect. We show that CDS overinsurance (insurance in excess of renegotiation proceeds) is procyclical and allows for greater financing of firms with positive NPV projects. In bad times, CDS overinsurance triggers the early liquidation of
Murillo Campello, Rafael Matta
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Credit Default Swaps and Firms’ Financing Policies [PDF]
CFA Digest, 2018 Abstract This paper examines the impact of credit default swaps (CDS) on firms' financing and trade credit policies. Our results indicate firms with CDS trading on their debt increase their equity issuances. Further, firms with CDS trading on their debt and high levels of long-term debt issuances decrease their debt financing. Total and idiosyncratic
Marc L. Ross
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Entrepreneurial Finance with Equity-for-Guarantee Swap and Idiosyncratic Risk [PDF]
SSRN Electronic Journal, 2013 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Huamao Wang, Zhaojun Yang, Hai Zhang
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Debt swaps for financing education: Exploration of new funding resources [PDF]
Cogent Economics & Finance, 2018 As an innovative financial mechanism to explore additional funds for social development programs in developing countries, debt swaps for development, including debt-for-education swaps, became popular between the 1980s and 2000s. Their popularity, however, seems to have diminished since the beginning of the 2010s.
Hiroshi Ito +2 more
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Credit default swaps (CDS) and loan financing
, 2013 As evidenced by its market size, credit default swaps (CDSs) has been the cornerstone product of the credit derivatives market. The central question that I attempt to answer in this thesis is: why and how does the introduction of CDS market affect bank loan financing?
Chenyu Shan
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Investment, Financing, and Option-for-Guarantee Swap
SSRN Electronic Journal, 2016 This paper addresses the investment and financing decisions of an entrepreneur entering into an option-for-guarantee swap. We discover that the swap greatly increases the value of the option to invest. The entrepreneur first accelerates and then postpones investment as the funding gap rises.
Zhaojun Yang
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Credit Default Swaps Around the World: Investment and Financing Effects
SSRN Electronic Journal, 2018 We analyze the impact of the introduction of credit default swaps (CDS) on real decision making within the firm, taking into consideration differences in firms’ local economic and legal environments. We extend the model of Bolton and Oehmke (2011) to take into account uncertainty whether the actions taken by the reference entity will trigger credit ...
Söhnke M. Bartram +3 more
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Innovative financing of the sustainable development goals in the countries of the Western Balkans [PDF]
Energy, Sustainability and Society, 2022 Background This paper is related to the current stage of development in the Western Balkans. Despite becoming growing instruments to finance sustainable green development, debt swaps and social or sustainability bonds are relative novelties in this ...
Igor Lukšić +3 more
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Selected Issues In The Taxation Of Swaps, Structured Finance and Other Financial Products
Florida Tax Review, 2022 This article is based on a paper presented by the author to the Tax Review of New York City on November 16, 1992.The last decade has seen an explosive growth in the use of swaps and other derivative products as part of the asset and liability management strategies of corporations and other institutional investors.
Lewis R. Steinberg
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