Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17694
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dc.contributor.authorLusinyan, Lusineen_US
dc.contributor.authorBuch, Claudia M.en_US
dc.date.accessioned2009-01-28T14:58:52Z-
dc.date.available2009-01-28T14:58:52Z-
dc.date.issued2000en_US
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_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x994en_US
dc.subject.jelF21en_US
dc.subject.jelF23en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordforeign debt maturityen_US
dc.subject.stwAuslandsverschuldungen_US
dc.subject.stwLaufzeiten_US
dc.subject.stwGeldmarktpapieren_US
dc.subject.stwInternationale Kapitalmobilitäten_US
dc.subject.stwKreditrisikoen_US
dc.subject.stwLiquide Mittelen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwFinanzplatzen_US
dc.subject.stwEigenkapitalvorschriftenen_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titleDeterminants of Short-Term Debten_US
dc.typeWorking Paperen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:994-
dc.identifier.printppn318130149en_US

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