The Effects of Business Cycle and Debt Maturity on a Firm's Investment and Default Decisions
Language: en
Pages: 38
Authors: Haejun Jeon
Categories:
Type: BOOK - Published: 2017 - Publisher:

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We propose a model that jointly determines the capital structure and investment decisions taking business cycle and debt maturity into account. Namely, the firm
Global Waves of Debt
Language: en
Pages: 403
Authors: M. Ayhan Kose
Categories: Business & Economics
Type: BOOK - Published: 2021-03-03 - Publisher: World Bank Publications

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many
The COVID-19 Impact on Corporate Leverage and Financial Fragility
Language: en
Pages: 51
Authors: Sharjil M. Haque
Categories: Business & Economics
Type: BOOK - Published: 2021-11-05 - Publisher: International Monetary Fund

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We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5
Banks, Government Bonds, and Default
Language: en
Pages: 53
Authors: Nicola Gennaioli
Categories: Business & Economics
Type: BOOK - Published: 2014-07-08 - Publisher: International Monetary Fund

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We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many
Financial Crises Explanations, Types, and Implications
Language: en
Pages: 66
Authors: Mr.Stijn Claessens
Categories: Business & Economics
Type: BOOK - Published: 2013-01-30 - Publisher: International Monetary Fund

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This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma