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| DC Field | Value | Language |
|---|---|---|
| dc.creator | Lusinyan, Lusine | - |
| dc.creator | Buch, Claudia M. | - |
| dc.date | 2000 | - |
| dc.date.accessioned | 2013-10-16T06:56:24Z | - |
| dc.date.available | 2013-10-16T06:56:24Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/17694 | - |
| dc.identifier | ppn:318130149 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17694 | - |
| dc.description | One 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. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 994 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F21 | - |
| dc.subject | F23 | - |
| dc.subject | G21 | - |
| dc.subject | ddc:330 | - |
| dc.subject | foreign debt maturity | - |
| dc.subject | Auslandsverschuldung | - |
| dc.subject | Laufzeit | - |
| dc.subject | Geldmarktpapier | - |
| dc.subject | Internationale Kapitalmobilität | - |
| dc.subject | Kreditrisiko | - |
| dc.subject | Liquide Mittel | - |
| dc.subject | Schätzung | - |
| dc.subject | Sozialprodukt | - |
| dc.subject | Finanzplatz | - |
| dc.subject | Eigenkapitalvorschriften | - |
| dc.subject | Theorie | - |
| dc.subject | Welt | - |
| dc.title | Determinants of Short-Term Debt | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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