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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 ...
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 ...
Sovereign credit ratings, relative risk ratings and private capital flows: evidence from emerging and frontier markets
(Emerald Publishing, 2021-05-13)
Purpose
Relative risk ratings measure the degree by which a country’s sovereign rating is better or worse than other countries (Basu et al., 2013). However, the literature on the impacts of sovereign ratings on capital ...
Global monetary policies and implications for financial flows to India and other emerging markets
(Springer, 2022)
This chapter reviews the experience of monetary easing by the central banks of advanced economies, which included large-scale purchases of financial assets and close to zero or negative policy interest rates, to counter ...
The Financial Landscape of Emerging Economies: Current State, Challenges and Solutions (Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application)
(Springer Nature Switzerland, 2020-11-26)
This volume presents current developments in the field of finance from an emerging markets perspective. Featuring most of the contributions presented at the second International Conference on Economics and Finance (ICEF-2020), ...
The Evolving Financial Landscape in Emerging Markets and Developing Economies
(Springer Nature, 2020-11-26)
Emerging Markets and Developing Economies (EMDEs) have been a significant driver of global growth in the twenty-first century. This paper analyses the changing contours of the financial sector and the challenges faced by ...
COVID-19 pandemic and debt financing by firms: unravelling the channels
(Elsevier, 2022-06-18)
The COVID-19-induced disruptions and the consequent government responses stretched the financial resources of firms. Recent studies document an increase in debt financing by firms during the pandemic. Using firm-level data ...