أعرض تسجيلة المادة بشكل مبسط

dc.creator Buch, Claudia M.
dc.date 2000
dc.date.accessioned 2013-10-16T06:56:27Z
dc.date.available 2013-10-16T06:56:27Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17711
dc.identifier ppn:322721385
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17711
dc.description Pecking order models of international finance suggest that countries should become less reliant on international bank lending as they develop. Reduced information costs are one of the factors behind this trend towards disintermediation. This paper presents a simple model on the choice between bank debt and bond finance which builds on Rajan (1992), and it uses two new datasets to test the implications, focusing on bilateral cross-border bank claims and bond holdings. We find support for the hypothesis that the state of development of an economy lowers the share of bank finance. However, evidence on the importance of variables which more directly measure information costs is less clear-cut.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1012
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F3
dc.subject ddc:330
dc.subject international bank lending
dc.subject international portfolio investment
dc.subject Internationale Finanzierung
dc.subject Portfolio-Investition
dc.subject Kapitalstruktur
dc.subject Kredit
dc.subject Securitization
dc.subject Anleihe
dc.subject Entwicklungsstufe
dc.subject Schätzung
dc.subject OECD-Staaten
dc.subject Welt
dc.title Are Banks Different? Evidence from International Data
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط