This paper introduces how Longyuan Power Group Company successfully carried out foreign debt financing for Jiangsu's power projects through its overseas financing window-Xiongya (Virgin) Co. Ltd. The entire proces...This paper introduces how Longyuan Power Group Company successfully carried out foreign debt financing for Jiangsu's power projects through its overseas financing window-Xiongya (Virgin) Co. Ltd. The entire process of raising funds is revealed with regard to employment of foreign debt financing, selection of funded projects, preparation of project and financing documents, credit rating, roadshow, line of credit, and financing experiences.展开更多
The 1989 and following years were the periods in which many important economic and political tumovers took place in the world. That was the time when Berlin Wall fell down with scattering the Eastern block and many po...The 1989 and following years were the periods in which many important economic and political tumovers took place in the world. That was the time when Berlin Wall fell down with scattering the Eastern block and many politically independent states came into being, at the same time, ongoing about 70 years socialist system also started to change into liberal system. The constituted 27 states in 1991 were tended to liberal economic system instead of socialist economy, and these states were called as transition economies. In this study, the relationship between indebtedness and growth rate of transition countries were analyzed by panel autoregressive distributed lag model （ARDL）. Before panel ARDL application, stationary properties of the variables have been checked with first and second generation unit root test. For the second generation unit root tests, CADF tests have been used. Also cross section dependency has been examined by LM tests.展开更多
In this study, we aim to determine public savings’ structural location in the analysis of effect levels that are related to public borrowing requirement to cope with the deviation of financial balances, especially af...In this study, we aim to determine public savings’ structural location in the analysis of effect levels that are related to public borrowing requirement to cope with the deviation of financial balances, especially after 2009 global crisis in Turkey. Public savings as a financial option take up an important place in the scope of expressed government budget balances related to public borrowing requirements which are increasingly located together with budget deficits. This fact especially is pertaining to investments and capital’s transfers that are subject to the public decision making process towards economic growth in the future in developing countries like Turkey. Therefore, increasing public savings’ limits appear on these countries as an inevitable financial phenomenon concerning the desired investments. Turkey, as a developing country, has faced two financial phenomenons that increase borrowing requirement terms that lead to intend financial balances that have generally deviated after 2009 financial crisis. Firstly, it’s increasing foreign debt burden and the public savings’ levels that have not been enough to cover all the proportion of foreign debt payments since 2009. Secondly, the effect level of global crisis on the exchange rates directly causes the deviation of national currency values as a meaningful important negative impact on budget balances that are aimed at together with the macroeconomic financial balances.展开更多
文摘This paper introduces how Longyuan Power Group Company successfully carried out foreign debt financing for Jiangsu's power projects through its overseas financing window-Xiongya (Virgin) Co. Ltd. The entire process of raising funds is revealed with regard to employment of foreign debt financing, selection of funded projects, preparation of project and financing documents, credit rating, roadshow, line of credit, and financing experiences.
文摘The 1989 and following years were the periods in which many important economic and political tumovers took place in the world. That was the time when Berlin Wall fell down with scattering the Eastern block and many politically independent states came into being, at the same time, ongoing about 70 years socialist system also started to change into liberal system. The constituted 27 states in 1991 were tended to liberal economic system instead of socialist economy, and these states were called as transition economies. In this study, the relationship between indebtedness and growth rate of transition countries were analyzed by panel autoregressive distributed lag model （ARDL）. Before panel ARDL application, stationary properties of the variables have been checked with first and second generation unit root test. For the second generation unit root tests, CADF tests have been used. Also cross section dependency has been examined by LM tests.
文摘In this study, we aim to determine public savings’ structural location in the analysis of effect levels that are related to public borrowing requirement to cope with the deviation of financial balances, especially after 2009 global crisis in Turkey. Public savings as a financial option take up an important place in the scope of expressed government budget balances related to public borrowing requirements which are increasingly located together with budget deficits. This fact especially is pertaining to investments and capital’s transfers that are subject to the public decision making process towards economic growth in the future in developing countries like Turkey. Therefore, increasing public savings’ limits appear on these countries as an inevitable financial phenomenon concerning the desired investments. Turkey, as a developing country, has faced two financial phenomenons that increase borrowing requirement terms that lead to intend financial balances that have generally deviated after 2009 financial crisis. Firstly, it’s increasing foreign debt burden and the public savings’ levels that have not been enough to cover all the proportion of foreign debt payments since 2009. Secondly, the effect level of global crisis on the exchange rates directly causes the deviation of national currency values as a meaningful important negative impact on budget balances that are aimed at together with the macroeconomic financial balances.
