Browsing Journal Articles by Author "Mohapatra, Sanket"
Now showing items 1-11 of 11
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COVID-19 pandemic and debt financing by firms: unravelling the channels
Gopalakrishnan, Balagopal; Jacob, Joshy; Mohapatra, Sanket (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 ... -
Determinants of the distance between sovereign credit ratings and sub-sovereign bond ratings: evidence from emerging markets and developing economies
Mohapatra, Sanket; Nose, Manabu; Ratha, Dilip (Taylor & Francis Group, 2017-07-05)This article explores factors that affect the distance between sovereign credit ratings and the ratings assigned to new foreign-currency bonds issued by sub-sovereign entities (such as private non-financial corporations, ... -
Foreign currency borrowing and firm financing constraints in emerging markets: evidence from India
Mohapatra, Sanket; Nagar, Jay Prakash (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 ... -
Global risk and demand for gold by central banks
Gopalakrishnan, Balagopal; Mohapatra, Sanket (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 ... -
Insolvency regimes and firms' default risk under economic uncertainty and shocks
Gopalakrishnan, Balagopal; Mohapatra, Sanket (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 ... -
Pandemic panic? effects of health system capacity on firm confidence during COVID-19
Gopalakrishnan, Balagopal; Mohapatra, Sanket; Lim, Jamus Jerome (ScienceDirect, 2023-07-26)We examine whether firms’ business confidence – defined as their perceptions of risk and sentiment associated with the COVID-19 pandemic – is affected by ex ante health system capacity and ex post government responses. ... -
Quantitative easing and the post-crisis surge in financial flows to developing countries
Mohapatra, Sanket; Lim, Jamus Jerome (Elsevier Ltd, 2016)This paper examines gross financial inflows to developing countries between 2000 and 2013, with a focus on the potential effects of quantitative easing (QE) policies in the United States and other high-income countries. ... -
Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
Gopalakrishnan, Balagopal; Jacob, Joshy; Mohapatra, Sanket (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
De, Supriyo; Mohapatra, Sanket; Ratha, Dilip (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 ... -
Turning over a golden leaf? global liquidity and emerging market central banks’ demand for gold after the financial crisis Mohapatra
Gopalakrishnan, Balagopal; Mohapatra, Sanket (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 ... -
Unconventional monetary policy normalisation and emerging market capital flows
Mohapatra, Sanket; Burns, Andrew; Kida, Mizudo; Lim, Jamus Jerome; Stocker, Marc (Centre for Economic Policy Research, 2016)The Federal Reserve has begun to ‘taper’ its programme of quantitative easing. The ‘taper tantrum’ that followed the announcement of tapering in May 2013 suggests that the normalisation of rich countries’ unconventional ...