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dc.contributor.authorLusinyan, Lusineen
dc.contributor.authorBuch, Claudia M.en
dc.date.accessioned2009-01-28T14:58:52Z-
dc.date.available2009-01-28T14:58:52Z-
dc.date.issued2000-
dc.identifier.urihttp://hdl.handle.net/10419/17694-
dc.description.abstractOne 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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x994en
dc.subject.jelF21en
dc.subject.jelF23en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordforeign debt maturityen
dc.subject.stwAuslandsverschuldungen
dc.subject.stwLaufzeiten
dc.subject.stwGeldmarktpapieren
dc.subject.stwInternationale Kapitalmobilitäten
dc.subject.stwKreditrisikoen
dc.subject.stwLiquide Mittelen
dc.subject.stwSchätzungen
dc.subject.stwSozialprodukten
dc.subject.stwFinanzplatzen
dc.subject.stwEigenkapitalvorschriftenen
dc.subject.stwTheorieen
dc.subject.stwWelten
dc.titleDeterminants of Short-Term Debt-
dc.typeWorking Paperen
dc.identifier.ppn859481700en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:994en
dc.identifier.printppn318130149en

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