搜索结果: 1-15 共查到“货币银行学 Constraints”相关记录17条 . 查询时间(0.109 秒)
Credit constraints, equity market liberalizations and international trade
Credit constraints equity market liberalizations
2015/7/21
This paper provides evidence that credit constraints are an important determinant of
international trade flows. I exploit shocks to the availability of external finance and examine
the i...
Volatility and growth: Credit constraints and the composition of investment
Growth Volatility Credit constraints
2015/7/21
How does uncertainty and credit constraints affect the cyclical composition of
investment and thereby volatility and growth? This paper addresses this question
within a model where firms engag...
Firms and Credit Constraints along the Global Value Chain: Processing Trade in China
global value chain processing trade
2015/7/21
Global value chains (GVCs) allow firms to produce and export final goods, or to perform
only intermediate stages of production by processing imported inputs for re-exporting. We examine
how financ...
Firm Exports and Multinational Activity under Credit Constraints
international trade multinational companies
2015/7/21
This paper provides firm-level evidence that credit constraints restrict international trade
flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, ...
Credit Constraints, Heterogeneous Firms, and International Trade
Heterogeneous Firms nternational Trade
2015/7/21
Financial market imperfections severely restrict international trade áows because
exporters require external capital. This paper identiÖes and quantiÖes the three
mechanisms through which ...
Liquidity Constraints and Imperfect Information in Subprime Lending
Subprime Lending Imperfect Information
2015/7/17
Access to credit markets is generally considered a hallmark of developed economies. In the
United States, most households appear to have substantial ability to borrow; indeed, households
in the Un...
Housing Collateral,Credit Constraints and Entrepreneurship—Evidence from a Mortgage Reform
Entrepreneurship Mortgages
2015/4/28
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the ro...
Do Measures of Financial Constraints Measure Financial Constraints?
Finance Financial Services Industry
2015/4/27
Financial constraints are not directly observable, so empirical research relies on indirect measures. We evaluate how well five popular measures (paying dividends, having a credit rating, and the Kapl...
Banking Deregulations,Financing Constraints and Firm Entry Size
Business Startups Financing and Loans Governing Rules Market Entry and Exit Banking Industry United States
2015/4/22
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change foll...
Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship
Business Exit or Shutdown Market Entry and Exit Capital Markets Entrepreneurship Outcome or Result
2015/4/20
We examine entrepreneurship and creative destruction following US banking deregulations using Census Bureau data. US banking reforms brought about exceptional growth in both entrepreneurship and busin...
Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program
Banking Credit constraints India misallocation
2014/9/9
This article uses variation in access to a targeted lending program to estimate whether firms are credit constrained. While both constrained and unconstrained firms may be willing to absorb all the di...
Earned Income Tax Credit Recipients: Income, Marginal Tax Rates, Wealth, and Credit Constraints
Earned Income Tax Credit population Survey of Consumer Finances wealth distribution
2011/8/22
The article summarizes the details of the Earned Income Tax Credit (EITC) and describes the population of EITC recipients in the U.S. It explores the usability of the data from the Survey of Consumer ...
On utility maximization under convex portfolio constraints
utility-maximization semimartingale financial market predictable convex-set-valued processes
2011/3/23
We consider a utility-maximization problem in a general semimartingale financial market, subject to constraints on the number of shares held in each risky asset. These constraints are modeled by predi...
Optimal control of a big financial company with debt liability under bankrupt probability constraints
Regular-singular stochastic optimal control Stochastic differential
2010/10/21
This paper considers an optimal control of a big financial company with debt liability under bankrupt probability constraints. The company, which faces constant liability payments and has choices to ...
Optimal dividend and investing control of a insurance company with higher solvency constraints
Optimal dividend policy Optimal return function Solvency
2010/10/20
This paper considers optimal control problem of a large insurance company under a fixed insolvency probability. The company controls proportional reinsurance rate, dividend pay-outs and investing pro...