This paper uses issuance-level data to study how equity capital inflows that enter emerging market economies affect issuance and corporate investment. It shows foreign are strongly correlated with country-level issuance. The relation especially reflects the behavior of large firms. To identify supply-side shocks, into each country instrumented exogenous changes in other countries’ attractivenes...

February 2000 www.dcrco.com n recent years, collateralized debt obligations (CDOs) have emerged as one of the largest and fastest growing sectors of the asset-backed securities (ABS) market. Due to increasing use of bond and loan collateral within one transaction, the term collateralized debt obligation is becoming more popular, and the terms collateralized bond obligation (CBO) and collaterali...

The objective of this note is to show that the positively valued excess supplies which Aiyagari (1992) connects with Pareto inefficiency for overlapping generations economies represent an economic opportunity that can potentially be exploited by government or by a private financial intermediary through the issuance of unsecured debt. We demonstrate that, when unsecured debt is issued, Walras’ L...

The issuance of treasury bonds is the basis and starting point operation bonds. However, there are many deficiencies in current legal regulation on Therefore, this paper calls for formulation a basic law "National Treasury Bond Law" to solve problem bond issuance. various it.

Countries need short, medium, and long-term investment plans for production growth and development. Different sources for these investments can be supplied through retained profit, stock issuance, and bank loans, or a combination them. Institutions and firms need huge amount of capitals for their survival, production, and also development of activities. In addition, these institutions and firms...

Global awareness of the climate change risks draws society’s attention to issues financing environmentally friendly projects. In this context, green bonds are a new financial instrument used exclusively for A wide range issuers, from small firms international corporations, can use raise funds recent years, market has been developing rapidly in world. Financing recovery Ukraine after Russian inv...

Despite the fact that scientific literature pays considerable attention to ensuring investment attractiveness of national corporate bond markets based on macro-environmental factors, as well individual companies – micro-environmental issue optimizing characteristics bonds in prospectus remains insufficiently disclosed. However, coupon rate, price and maturity are basic indicators investors take...

Individuals receiving monthly benefits through the U.S. Supplemental Nutrition Assistance Program (SNAP) often fall short of food at the end of the month and some report feelings of hunger. To investigate this situation, we used time diaries from the 2006-08 American Time Use Survey and Eating & Health Module to identify the timing of days where respondents reported no eating occurrences. Analy...

This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result of the nonlinearity induced by the constraint. Banks’ precautionary equity issuance makes financial ...