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Now showing items 11-20 of 28
Global risk and demand for gold by central banks
(Taylor and Francis, 2017)
This article examines the influence of global risk on the holding of gold by central banks based on annual data for 100 countries during 1990–2015. We use a dynamic panel generalized method of moments model to estimate ...
Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
(Indian Institute of Management Ahmedabad, 2018)
This paper examines the impact of risk-sensitive Basel regulations on access to debt and cost of debt for firms with varying characteristics around the world, and investigates how firms cope through reliance on alternative ...
Turning over a golden leaf? global liquidity and emerging market central banks’ demand for gold after the financial crisis Mohapatra
(ScienceDirect, 2018-11)
The quantity of gold reserves held by central banks in emerging markets and developing economies (EMDEs) has risen sharply in the years following the global financial crisis of 2008. EMDE central banks’ gold holdings rose ...
Foreign currency borrowing and firm financing constraints in emerging markets: evidence from India
(Managerial Finance, 2020-08-23)
Purpose
First, the purpose of this study is to examine the relationship between foreign-currency debt and firms' financing constraints for India, the second-largest emerging market economy after China. Second, this study ...
Insolvency regimes and firms' default risk under economic uncertainty and shocks
(Economic Modelling, 2020-06-18)
One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances credit discipline among firms. Using a large cross-country firm-level dataset, we empirically test ...
The implications of economic uncertainty for bank loan portfolios
(Indian Institute of Management Ahmedabad, 2020-10-02)
This paper analyses the impact of economic uncertainty on the composition of bank credit across household and firm loans. Using bank-level data spanning 40 developed and developing countries, we find that higher economic ...
Government responses, business continuity, and management sentiment: impact on debt financing during COVID-19
(Indian Institute of Management Ahmedabad, 2021-04-03)
We examine how the government responses, amenability to remote working, and managerial outlook associated with COVID-19 influence debt financing by firms around the world. We find that the propensity and the amount of loan ...
Pandemic panic? effects of health system capacity on firm confidence during COVID-19
(Indian Institute of Management Ahmedabad, 2021-07-02)
In this study, we examine the impact of health system capacity and government responses on firms’ business confidence in response to the COVID-19 pandemic. Using a sample of firm-level data from 53 countries, we find that ...
State-owned banks and credit allocation in India: evidence from an asset quality review
(Indian Institute of Management Ahmedabad, 2022-02-01)
This paper examines the role of state-owned banks’ presence in allocation of credit to different sectors in India using the central bank's Asset Quality Review (AQR) as a quasi-natural experiment. The AQR resulted in a ...
Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
(Elsevier, 2021-03-09)
This paper examines the impact of risk-sensitive Basel regulations on debt financing of firms around the world. It investigates how firms cope with the impact through adjustments to their financing sources and capital ...