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  • 1
    Online Resource
    Online Resource
    Deposit insurance and financial development (2001)
    Washington, D.C : World Bank, Development Research Group, Finance
    Details
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 2682
    Parallel Title: Cull, Rober J Deposit insurance and financial development
    Keywords: Deposit insurance Econometric models Economic aspects ; Banks and banking Econometric models ; Risk Econometric models ; Banking law Econometric models Economic aspects ; Banking law Econometric models Economic aspects ; Banks and banking Econometric models ; Deposit insurance Econometric models Economic aspects ; Risk Econometric models
    Abstract: Do deposit insurance programs contribute to financial development? Yes, but only if the regulatory environment is sound
    Abstract: Do deposit insurance programs contribute to financial development? Yes, but only if the regulatory environment is sound
    Note: "September 2001 , Includes bibliographical references (p. 42-44) , Title from title screen as viewed on Aug. 29, 2002 , Also available in print.
    URL: Volltext
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    MPI Ethno. Forsch.
  • 2
    Online Resource
    Online Resource
    Credit Information Quality And Corporate Debt Maturity : Theory And Evidence (2007)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Zhang, Chendi Credit Information Quality And Corporate Debt Maturity
    Keywords: Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Banks and Banking Reform ; Bond ; Bond markets ; Corporate Debt ; Credit Information ; Debt Markets ; Debt Maturity ; Finance and Financial Sector Development ; Financial Intermediation ; Illiquidity ; International Finance ; Long-term loan ; Maturities ; Short-term borrowing ; Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Banks and Banking Reform ; Bond ; Bond markets ; Corporate Debt ; Credit Information ; Debt Markets ; Debt Maturity ; Finance and Financial Sector Development ; Financial Intermediation ; Illiquidity ; International Finance ; Long-term loan ; Maturities ; Short-term borrowing ; Access to Finance ; Bankruptcy and Resolution of Financial Distress ; Banks and Banking Reform ; Bond ; Bond markets ; Corporate Debt ; Credit Information ; Debt Markets ; Debt Maturity ; Finance and Financial Sector Development ; Financial Intermediation ; Illiquidity ; International Finance ; Long-term loan ; Maturities ; Short-term borrowing
    Abstract: This paper provides new theoretical and empirical evidence suggesting that the quality of credit information may be a key element in explaining the maturity structure of corporate debt around the world. In markets with poor credit information and hence a high degree of uncertainty about borrower quality, the authors find suboptimal equilibria in which short-term contracts are preferred either as a hedge against uncertainty to limit losses in bad states (in the symmetric information case) or as a screening device to learn about borrower credit quality in the course of a repeated lending relationship (in the asymmetric information case). The results of the model are supported by the econometric analysis of panel data from both industrial and developing economies. The authors find that countries with better quality of credit information (for example, as a result of improvements in credit reporting systems or accounting standards) are characterized by a higher share of long-term debt as a proportion of total corporate debt ceteris paribus. The findings suggest that promoting institutions and policies to improve the quality of credit information is an important prerequisite for increasing access of firms to long-term finance
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    MPI Ethno. Forsch.
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