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Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/17694
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lusinyan, Lusine | | en_US |
| dc.contributor.author | | Buch, Claudia M. | | en_US |
| dc.date.accessioned | | 2009-01-28T14:58:52Z | | - |
| dc.date.available | | 2009-01-28T14:58:52Z | | - |
| dc.date.issued | | 2000 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/17694 | | - |
| dc.description.abstract | | One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate on these issues, there is relatively little theoretical and empirical evidence on the determinants of short-term debt. This paper summarizes the theoretical literature on the issue and presents a stylized theoretical model, which focuses on the risks and benefits of short-term debt under conditions of uncertainty. Empirical evidence shows that the level of economic development, the presence of financial centres, and the share of loans to banks have a positive impact on the share of short-term loans. OECD membership, in contrast, has a negative influence. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kieler Arbeitspapiere 994 | | en_US |
| dc.subject.jel | | F21 | | en_US |
| dc.subject.jel | | F23 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | foreign debt maturity | | en_US |
| dc.subject.stw | | Auslandsverschuldung | | en_US |
| dc.subject.stw | | Laufzeit | | en_US |
| dc.subject.stw | | Geldmarktpapier | | en_US |
| dc.subject.stw | | Internationale Kapitalmobilität | | en_US |
| dc.subject.stw | | Kreditrisiko | | en_US |
| dc.subject.stw | | Liquide Mittel | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Sozialprodukt | | en_US |
| dc.subject.stw | | Finanzplatz | | en_US |
| dc.subject.stw | | Eigenkapitalvorschriften | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | Determinants of Short-Term Debt | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 318130149 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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