أعرض تسجيلة المادة بشكل مبسط

dc.creator Lusinyan, Lusine
dc.creator Buch, Claudia M.
dc.date 2000
dc.date.accessioned 2013-10-16T06:56:24Z
dc.date.available 2013-10-16T06:56:24Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17694
dc.identifier ppn:318130149
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17694
dc.description One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate on these issues, there is relatively little theoretical and empirical evidence on the determinants of short-term debt. This paper summarizes the theoretical literature on the issue and presents a stylized theoretical model, which focuses on the risks and benefits of short-term debt under conditions of uncertainty. Empirical evidence shows that the level of economic development, the presence of financial centres, and the share of loans to banks have a positive impact on the share of short-term loans. OECD membership, in contrast, has a negative influence.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 994
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F21
dc.subject F23
dc.subject G21
dc.subject ddc:330
dc.subject foreign debt maturity
dc.subject Auslandsverschuldung
dc.subject Laufzeit
dc.subject Geldmarktpapier
dc.subject Internationale Kapitalmobilität
dc.subject Kreditrisiko
dc.subject Liquide Mittel
dc.subject Schätzung
dc.subject Sozialprodukt
dc.subject Finanzplatz
dc.subject Eigenkapitalvorschriften
dc.subject Theorie
dc.subject Welt
dc.title Determinants of Short-Term Debt
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط