Banks, debt maturity and financial crises

156 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

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Empirical Research on Sovereign Debt and Default (2013, background): “This is not true in practice, and likely affects the quantitative performance of these models.”
Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations (2008, background): “A number of papers, including Cushman (1985), McCulloch (1989), and Lipsey (2001), present theoretical arguments and empirical evidence that imply that affiliates that direct sales to foreign markets and do not make extensive use of imported inputs benefit the most from sharp depreciations.”
Benefits and Costs of International Financial Integration: Theory and Facts (2001, background): “The possibility of large reversals of short-term capital flows raises the risk that borrowers may face costly "liquidity runs", as discussed for instance by Chang and Velasco (2000).”