کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
963624 930376 2007 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Uncertainty and international debt maturity
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Uncertainty and international debt maturity
چکیده انگلیسی
This paper shows that high macroeconomic volatility, lax rule of law, and inefficient bureaucracy in foreign countries contributes to a tilt toward short-term maturity of international debt. The results are important as short-term debt has been linked to several financial crises in recent years. The paper explores factors that contribute to short-term lending. The results are obtained using data on international lending by three groups of U.S. banks: large, medium-sized, and small. The effect of uncertainty on debt maturity is particularly strong in emerging economies and for smaller banks.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 17, Issue 4, October 2007, Pages 372-386
نویسندگان
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