Search
Now showing items 1-10 of 11
Institutional quality and international differences in firm productivity
(Indian Institute of Management Ahmedabad, 2017-02-27)
In this paper, we examine how firm-level productivity growth is dependent on a broad range of institutional quality measures at the country level. Using a sample of 3,446 firms in 58 advanced and emerging economics, we ...
Turning over a golden leaf? : Global liquidity and emerging market central banks’ demand for gold after the financial crisis
(Indian Institute of Management Ahmedabad, 2017-04-12)
The quantity of gold reserves held by central banks in emerging markets and developing economies (EMDEs) has risen sharply following the global financial crisis in 2008. This paper examines factors driving holding of gold ...
Global risk and demand for gold by central banks
(Indian Institute of Management Ahmedabad, 2017)
This paper 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 (GMM) model to estimate ...
Impacts of sovereign rating on sub-sovereign bond ratings in emerging and developing economies
(World Bank, 2016-03-30)
This paper explores bond-level, issuer-level, and macro-level conditions that affect the distance between sovereign credit rating and sub-sovereign debt ratings. Over three-quarters of rated foreign-currency sub-sovereign ...
Global risk and demand for gold by central banks
(Indian Institute of Management Ahmedabad, 2017-01-30)
This paper 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 (GMM) 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 ...
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 ...