In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply int...In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply into the debt crisis. International Monetary Fund played an indispensable role in resolving the crisis. It might temporarily steady the financial situation of an area, but it was difficult to stem the enormous economical loopholes of these countries and couldn＇t solve the basic problems of economy, politics and society. It was unable to make the countries pass the crisis substantially.展开更多
In this paper I investigate the effect of the greenhouse gas emissions of a sample of 478 Italian unlisted firms on their bank debt,in the context of the growing attention and awareness for climate change issue.My fin...In this paper I investigate the effect of the greenhouse gas emissions of a sample of 478 Italian unlisted firms on their bank debt,in the context of the growing attention and awareness for climate change issue.My findings show that unlisted firms generating low levels of greenhouse gas emissions borrow less long-term,short term,and total bank debt than unlisted firms generating high levels of greenhouse gas emissions,to finance their growth opportunities.Being the first work analyzing this topic,to the best of my knowledge,further empirical research could also investigate the impact of greenhouse gas emissions on the bank financing of unlisted firms of different countries,representing specific cultural and political approaches towards climate change problems.展开更多
The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the ...The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the shadow banks. In line with initiatives by the Bank Negara Malaysia （the Central Bank of Malaysia） to enhance surveillance on the activities of the shadow banks in Malaysia, this study attempts to examine the determinants of default risks of shadow banks restricting to focus on their two main activities： securitization and collateralization. The results provide empirical evidence that future methodology to examine the systemic risks in the shadow banking system may need to account for additional explanatory variables that measure collateralized assets that are being intermediated.展开更多
文摘In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply into the debt crisis. International Monetary Fund played an indispensable role in resolving the crisis. It might temporarily steady the financial situation of an area, but it was difficult to stem the enormous economical loopholes of these countries and couldn＇t solve the basic problems of economy, politics and society. It was unable to make the countries pass the crisis substantially.
文摘In this paper I investigate the effect of the greenhouse gas emissions of a sample of 478 Italian unlisted firms on their bank debt,in the context of the growing attention and awareness for climate change issue.My findings show that unlisted firms generating low levels of greenhouse gas emissions borrow less long-term,short term,and total bank debt than unlisted firms generating high levels of greenhouse gas emissions,to finance their growth opportunities.Being the first work analyzing this topic,to the best of my knowledge,further empirical research could also investigate the impact of greenhouse gas emissions on the bank financing of unlisted firms of different countries,representing specific cultural and political approaches towards climate change problems.
文摘The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the shadow banks. In line with initiatives by the Bank Negara Malaysia （the Central Bank of Malaysia） to enhance surveillance on the activities of the shadow banks in Malaysia, this study attempts to examine the determinants of default risks of shadow banks restricting to focus on their two main activities： securitization and collateralization. The results provide empirical evidence that future methodology to examine the systemic risks in the shadow banking system may need to account for additional explanatory variables that measure collateralized assets that are being intermediated.
