X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Book
    Book
    Bankruptcy and small firms' access to credit / (2002)
    Cambridge, Mass.,
    Details
    UID:
    almafu_BV026945390
    Format: 26 S. : , graph. Darst.
    Series Statement: Working paper series / National Bureau of Economic Research 9010
    Language: English
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Book
    Fulltext
    FU Berlin get availability status
    EUV Frankfurt get availability status
  • 2
    Book
    Book
    Estimating bank trading risk : a factor model approach (2005)
    Cambridge, Mass. : National Bureau of Economic Research
    Details
    UID:
    b3kat_BV023591670
    Format: 49 S. , graph. Darst.
    Series Statement: National Bureau of Economic Research 〈Cambridge, Mass.〉: NBER working paper series 11608
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Book
    Fulltext
    EUV Frankfurt get availability status
  • 3
    Online Resource
    Online Resource
    Bankruptcy and Small Firms' Access to Credit / (2002)
    Cambridge, Mass. : National Bureau of Economic Research
    Details
    UID:
    almafu_9958120858202883
    Format: 1 online resource: , illustrations (black and white);
    Series Statement: NBER working paper series no. w9010
    Content: In this paper, we investigate how personal bankruptcy law affects small firms' access to credit. When a firm is unincorporated, its debts are personal liabilities of the firm's owner, so that lending to the firm is legally equivalent to lending to its owner. If the firm fails, the owner has an incentive to file for personal bankruptcy, since the firm's debts will be discharged and the owner is only obliged to use assets above an exemption level to repay creditors. The higher the exemption level, the greater is the incentive to file for bankruptcy. We show that supply of credit falls and demand for credit rises when non-corporate firms are located in states with higher bankruptcy exemptions. We test the model and find that, if small firms are located in states with unlimited rather than low homestead exemptions, they are more likely to be denied credit, they receive smaller loans and interest rates are higher. Results for non-corporate versus corporate firms suggest that lenders often disregard small firms' organizational status in making loan decisions.
    Note: June 2002.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 4
    Online Resource
    Online Resource
    Long : Horizon Exchange Rate Predictability? (1997)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9958123700702883
    Format: 1 online resource (21 pages)
    ISBN: 1-4623-2891-1 , 1-4527-8663-1 , 1-281-60345-7 , 9786613784148 , 1-4518-9049-4
    Series Statement: IMF Working Papers
    Content: Several authors have recently investigated the predictability of exchange rates by fitting a sequence of long-horizon error-correction regressions. By considering the implied vector error-correction model, we show that little is to be gained from estimating such regressions for horizons greater than one time period. We also show that in small to medium samples the long-horizon procedure gives rise to spurious evidence of predictive power. A simulation study demonstrates that even when using this technique on two independent series, estimates, diagnostic statistics and graphical evidence incorrectly suggest a high degree of predictability of the dependent variable.
    Note: Bibliographic Level Mode of Issuance: Monograph , English
    Additional Edition: ISBN 1-4518-4226-0
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 5
    Online Resource
    Online Resource
    Long : Horizon Exchange Rate Predictability? (1997)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9958123700702883
    Format: 1 online resource (21 pages)
    ISBN: 1-4623-2891-1 , 1-4527-8663-1 , 1-281-60345-7 , 9786613784148 , 1-4518-9049-4
    Series Statement: IMF Working Papers
    Content: Several authors have recently investigated the predictability of exchange rates by fitting a sequence of long-horizon error-correction regressions. By considering the implied vector error-correction model, we show that little is to be gained from estimating such regressions for horizons greater than one time period. We also show that in small to medium samples the long-horizon procedure gives rise to spurious evidence of predictive power. A simulation study demonstrates that even when using this technique on two independent series, estimates, diagnostic statistics and graphical evidence incorrectly suggest a high degree of predictability of the dependent variable.
    Note: Bibliographic Level Mode of Issuance: Monograph , English
    Additional Edition: ISBN 1-4518-4226-0
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 6
    Online Resource
    Online Resource
    Long : Horizon Exchange Rate Predictability? (1997)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845901249
    Format: Online-Ressource (21 p)
    Edition: Online-Ausg.
    ISBN: 1451842260 , 9781451842265
    Series Statement: IMF Working Papers Working Paper No. 97/6
    Content: Several authors have recently investigated the predictability of exchange rates by fitting a sequence of long-horizon error-correction regressions. By considering the implied vector error-correction model, we show that little is to be gained from estimating such regressions for horizons greater than one time period. We also show that in small to medium samples the long-horizon procedure gives rise to spurious evidence of predictive power. A simulation study demonstrates that even when using this technique on two independent series, estimates, diagnostic statistics and graphical evidence incorrectly suggest a high degree of predictability of the dependent variable
    Additional Edition: Erscheint auch als Druck-Ausgabe Giorgianni, Lorenzo Long: Horizon Exchange Rate Predictability? Washington, D.C. : International Monetary Fund, 1997 ISBN 9781451842265
    Language: English
    DOI: 10.5089/9781451842265.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Stabi Berlin
  • 7
    Online Resource
    Online Resource
    Estimating Bank Trading Risk : A Factor Model Approach (2005)
    Cambridge, Mass. : National Bureau of Economic Research
    Details
    UID:
    almafu_9958056585602883
    Format: 1 online resource: , illustrations (black and white);
    Series Statement: NBER working paper series no. w11608
    Content: Risk in bank trading portfolios and its management are potentially important to the banks' soundness and to the functioning of securities and derivatives markets. In this paper, proprietary daily trading revenues of 6 large dealer banks are used to study the bank dealers' market risks using a market factor model approach. Dealers' exposures to exchange rate, interest rate, equity, and credit market factors are estimated. A factor model framework for variable exposures is presented and two modeling approaches are used: a random coefficient model and rolling factor regressions. The results indicate small average market exposures with significant but relatively moderate variation in exposures over time. Except for interest rates, there is heterogeneity in market exposures across the dealers. For interest rates, the dealers have small average long exposures and exposures vary inversely with the level of rates. Implications for aggregate bank dealer risk and market stability issues are discussed.
    Note: September 2005.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 8
    Online Resource
    Online Resource
    Dynamic Equilibrium Economies : A Framework for Comparing Models and Data (1995)
    Cambridge, Mass. : National Bureau of Economic Research
    Details
    UID:
    almafu_9958100935402883
    Format: 1 online resource: , illustrations (black and white);
    Series Statement: NBER technical working paper series no. t0174
    Content: Many recent theoretical papers have come under attack for modeling prices as Geometric Brownian Motion. This process can diverge over time, implying that firms facing this price process can earn infinite profits. We explore the significance of this attack and contrast investment under Geometric Brownian Motion with investment assuming mean reversion. While analytically more complex, mean reversion in many cases is a more plausible assumption, allowing for supply responses to increasing prices. We show a mean reversion process rather than Geometric Brownian Motion and provide an explanation for this result.
    Note: February 1995.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
Nothing or not found what you are looking for? Please check your search query or use the Interlibrary Loan Search.
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages