Перейти к содержимому 
База данных: Электронная библиотека
Страница 1, Результатов: 6
Отмеченные записи: 0
1.
Подробнее
M 40
Mattli, Walter,.
Darkness by design : : the hidden power in global capital markets / / Walter Mattli. - Princeton : : Princeton University Press,, 2019. - 1 online resource : : il. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/36110E08-BBFC-4285-9FEE-53698239A0A7. - ISBN 9780691185699 (electronic bk.). - ISBN 0691185697 (electronic bk.)
Параллельные издания: Print version: :
Содержание:
Cover; Title; Copyright; Dedication; CONTENTS; Figures and Tables; 1 Introduction; A Deeply Puzzling Market Transformation; Power Politics and Market Governance; 2 The Puzzling Transformation of Capital Market Structure: From Gradual Concentration to Sudden Fragmentation; The Evolution of the Market Organization and Its Body Politic; The Transformation of Power Relationships among Members; The Impact of Power Asymmetry; Implications; Appendix; 3 Good Governance in Centralized Markets: The Old NYSE; The Market Makers: Functions and Obligations; Market Surveillance; Rule Enforcement
Market Performance and QualityMoving into the Twenty-First Century; 4 Stratification in Modern Trading: The Haves and Have-Nots; Speed; Globalization, Financial Innovation, and Stratification; 5 Bad Governance in Fragmented Markets; Weakened Market-Making Obligations; Information Asymmetry: Trading Data; Information Asymmetry:Market Microstructure; Darkness; Failing Market Surveillance; Implications; Appendix; 6 Conclusion: The Way Forward; Market Transparency; Leveling the Playing Field; Proper Accountability for Market Disruption and Bad Governance; Consolidation; Acknowledgments
Appendix: Market Governance: A Theoretical Background NoteA Political Organization Approach in Relation to Other Theories; Behavioral Assumption: Opportunism; Glossary; Notes; Bibliography; Index
~РУБ DDC 332.042
Рубрики: International finance.
Capital market.
International economic relations.
BUSINESS & ECONOMICS / Finance.
POLITICAL SCIENCE / Political Economy
Capital market.
International economic relations.
International finance.
Аннотация: An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital marketsCapital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful.Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone.Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.
M 40
Mattli, Walter,.
Darkness by design : : the hidden power in global capital markets / / Walter Mattli. - Princeton : : Princeton University Press,, 2019. - 1 online resource : : il. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/36110E08-BBFC-4285-9FEE-53698239A0A7. - ISBN 9780691185699 (electronic bk.). - ISBN 0691185697 (electronic bk.)
Параллельные издания: Print version: :
Содержание:
Cover; Title; Copyright; Dedication; CONTENTS; Figures and Tables; 1 Introduction; A Deeply Puzzling Market Transformation; Power Politics and Market Governance; 2 The Puzzling Transformation of Capital Market Structure: From Gradual Concentration to Sudden Fragmentation; The Evolution of the Market Organization and Its Body Politic; The Transformation of Power Relationships among Members; The Impact of Power Asymmetry; Implications; Appendix; 3 Good Governance in Centralized Markets: The Old NYSE; The Market Makers: Functions and Obligations; Market Surveillance; Rule Enforcement
Market Performance and QualityMoving into the Twenty-First Century; 4 Stratification in Modern Trading: The Haves and Have-Nots; Speed; Globalization, Financial Innovation, and Stratification; 5 Bad Governance in Fragmented Markets; Weakened Market-Making Obligations; Information Asymmetry: Trading Data; Information Asymmetry:Market Microstructure; Darkness; Failing Market Surveillance; Implications; Appendix; 6 Conclusion: The Way Forward; Market Transparency; Leveling the Playing Field; Proper Accountability for Market Disruption and Bad Governance; Consolidation; Acknowledgments
Appendix: Market Governance: A Theoretical Background NoteA Political Organization Approach in Relation to Other Theories; Behavioral Assumption: Opportunism; Glossary; Notes; Bibliography; Index
Рубрики: International finance.
Capital market.
International economic relations.
BUSINESS & ECONOMICS / Finance.
POLITICAL SCIENCE / Political Economy
Capital market.
International economic relations.
International finance.
Аннотация: An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital marketsCapital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful.Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone.Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.
2.
Подробнее
G 78
Green, Jeremy,.
The Political Economy of the Special Relationship : : Anglo-American Development from the Gold Standard to the Financial Crisis / / Jeremy Green. - Baltimore, Md. : : Project MUSE,, 0000. - 1 online resource (pages cm). - URL: https://library.dvfu.ru/lib/document/SK_ELIB/32F6AB61-58F6-4D31-ADEC-0D95C3DC3854. - ISBN 0691201617 (electronic book). - ISBN 9780691201610 (electronic bk.)
Description based on online resource; title from digital title page (viewed on July 21, 2020).
~РУБ DDC 337.73041
Рубрики: International finance.
POLITICAL SCIENCE / Political Economy
United States--Foreign economic relations--England.
England--Foreign economic relations--United States.
Аннотация: "How America's global financial power was created and shaped through its special relationship with Britain The rise of global finance in the latter half of the twentieth century has long been understood as one chapter in a larger story about the postwar growth of the United States. The Political Economy of the Special Relationship challenges this popular narrative. Revealing the Anglo-American origins of financial globalization, Jeremy Green sheds new light on Britain's hugely significant, but often overlooked, role in remaking international capitalism alongside America. Drawing from new archival research, Green questions the conventional view of international economic history as a series of cyclical transitions among hegemonic powers. Instead, he explores the longstanding interactive role of private and public financial institutions in Britain and the United States-most notably the close links between their financial markets, central banks, and monetary and fiscal policies. He shows that America's unparalleled post-WWII financial power was facilitated, and in important ways constrained, by British capitalism, as the United States often had to work with and through British politicians, officials, and bankers to achieve its vision of a liberal economic order. Transatlantic integration and competition spurred the rise of the financial sector, an increased reliance on debt, a global easing of regulation, the ascendance of monetarism, and the transition to neoliberalism. From the gold standard to the recent global financial crisis and beyond, The Political Economy of the Special Relationship recasts the history of global finance through the prism of Anglo-American development"--
Доп.точки доступа:
Project Muse.
G 78
Green, Jeremy,.
The Political Economy of the Special Relationship : : Anglo-American Development from the Gold Standard to the Financial Crisis / / Jeremy Green. - Baltimore, Md. : : Project MUSE,, 0000. - 1 online resource (pages cm). - URL: https://library.dvfu.ru/lib/document/SK_ELIB/32F6AB61-58F6-4D31-ADEC-0D95C3DC3854. - ISBN 0691201617 (electronic book). - ISBN 9780691201610 (electronic bk.)
Description based on online resource; title from digital title page (viewed on July 21, 2020).
Рубрики: International finance.
POLITICAL SCIENCE / Political Economy
United States--Foreign economic relations--England.
England--Foreign economic relations--United States.
Аннотация: "How America's global financial power was created and shaped through its special relationship with Britain The rise of global finance in the latter half of the twentieth century has long been understood as one chapter in a larger story about the postwar growth of the United States. The Political Economy of the Special Relationship challenges this popular narrative. Revealing the Anglo-American origins of financial globalization, Jeremy Green sheds new light on Britain's hugely significant, but often overlooked, role in remaking international capitalism alongside America. Drawing from new archival research, Green questions the conventional view of international economic history as a series of cyclical transitions among hegemonic powers. Instead, he explores the longstanding interactive role of private and public financial institutions in Britain and the United States-most notably the close links between their financial markets, central banks, and monetary and fiscal policies. He shows that America's unparalleled post-WWII financial power was facilitated, and in important ways constrained, by British capitalism, as the United States often had to work with and through British politicians, officials, and bankers to achieve its vision of a liberal economic order. Transatlantic integration and competition spurred the rise of the financial sector, an increased reliance on debt, a global easing of regulation, the ascendance of monetarism, and the transition to neoliberalism. From the gold standard to the recent global financial crisis and beyond, The Political Economy of the Special Relationship recasts the history of global finance through the prism of Anglo-American development"--
Доп.точки доступа:
Project Muse.
3.
Подробнее
G 54
Global trends of modernization in budgeting and finance / / Denis Ushakov, editor. - Hershey, PA : : Business Science Reference,, [2019]. - 1 online resource. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/880A54F5-4C56-4854-B7EF-F26F1FD9005E. - ISBN 9781522577614 (electronic bk.). - ISBN 1522577610 (electronic bk.)
Print version record.
Параллельные издания: Print version: : Global trends of modernization in budgeting and finance. - Hershey, PA : Business Science Reference, [2019]. - ISBN 9781522577607
~РУБ DDC 658.15
Рубрики: Corporations--Finance.
Managerial accounting.
Budget.
International finance.
Budget.
Corporations--Finance.
International finance.
Managerial accounting.
BUSINESS & ECONOMICS / Industrial Management
BUSINESS & ECONOMICS / Management
BUSINESS & ECONOMICS / Management Science
BUSINESS & ECONOMICS / Organizational Behavior
Аннотация: "This book analyzes corporate finance and alternative approaches for financial management and management accounting. It also explores financial globalization and its consequences: the political, legal, economic, and social aspects"--
Доп.точки доступа:
Ushakov, D. S., (Denis Sergeevich), \editor.\
G 54
Global trends of modernization in budgeting and finance / / Denis Ushakov, editor. - Hershey, PA : : Business Science Reference,, [2019]. - 1 online resource. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/880A54F5-4C56-4854-B7EF-F26F1FD9005E. - ISBN 9781522577614 (electronic bk.). - ISBN 1522577610 (electronic bk.)
Print version record.
Параллельные издания: Print version: : Global trends of modernization in budgeting and finance. - Hershey, PA : Business Science Reference, [2019]. - ISBN 9781522577607
Рубрики: Corporations--Finance.
Managerial accounting.
Budget.
International finance.
Budget.
Corporations--Finance.
International finance.
Managerial accounting.
BUSINESS & ECONOMICS / Industrial Management
BUSINESS & ECONOMICS / Management
BUSINESS & ECONOMICS / Management Science
BUSINESS & ECONOMICS / Organizational Behavior
Аннотация: "This book analyzes corporate finance and alternative approaches for financial management and management accounting. It also explores financial globalization and its consequences: the political, legal, economic, and social aspects"--
Доп.точки доступа:
Ushakov, D. S., (Denis Sergeevich), \editor.\
4.
Подробнее
E 36
Eichengreen, Barry J. ,
Globalizing capital : : a history of the international monetary system / / Barry Eichengreen. - Third edition. - Princeton, New Jersey : : Princeton University Press,, [2019]. - 1 online resource. - Includes bibliographical references and index. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/14E353DA-B07C-492D-89AE-777639C060CF. - ISBN 9780691194585 (electronic book). - ISBN 0691194580 (electronic book)
Description based on online resource; title from digital title page (viewed on June 13, 2019).
~РУБ DDC 332.4/5
Рубрики: Gold standard--History.
International finance--History.
BUSINESS & ECONOMICS / Economic History.
BUSINESS & ECONOMICS / Economics / General.
BUSINESS & ECONOMICS / Money & Monetary Policy.
Gold standard.
International finance.
Аннотация: "First published more than a decade ago, Globalizing Capital has remained an indispensable part of economic literature. This classic book emphasizes the importance of the international monetary system for understanding the international economy. The second edition, published in October 2008, has consistently appeared on syllabuses since its release. The new, third edition of Globalizing Capital will extend the book's account of the development of the international monetary and financial system to cover the most recent eventful decade. The new chapter, to be placed immediately before the conclusion, will be entitled 'Brave New World' and will commence with the eruption of the 2007 Subprime Crisis and 2008 Global Financial Crisis. Subsequent sections will then describe and analyze the Greek debt crisis, the euro crisis, the 'currency wars' problem starting in 2011, and China's efforts to internationalize its currency, the renminbi, and re-make the global monetary and financial system along less dollar-centric lines. It will close with discussion of the implications of the Trump presidency for the future of international financial relations"--
"Essential reading for understanding the international economy--now thoroughly updated Lucid, accessible, and provocative, and now thoroughly updated to cover recent events that have shaken the global economy, Globalizing Capital is an indispensable account of the past 150 years of international monetary and financial history--from the classical gold standard to today's post-Bretton Woods 'nonsystem.' Bringing the story up to the present, this third edition covers the global financial crisis, the Greek bailout, the Euro crisis, the rise of China as a global monetary power, the renewed controversy over the international role of the U.S. dollar, and the currency war. Concise and nontechnical, and with a proven appeal to general readers, students, and specialists alike, Globalizing Capital is a must-read for anyone who wants to understand where the international economy has been--and where it may be going"--
E 36
Eichengreen, Barry J. ,
Globalizing capital : : a history of the international monetary system / / Barry Eichengreen. - Third edition. - Princeton, New Jersey : : Princeton University Press,, [2019]. - 1 online resource. - Includes bibliographical references and index. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/14E353DA-B07C-492D-89AE-777639C060CF. - ISBN 9780691194585 (electronic book). - ISBN 0691194580 (electronic book)
Description based on online resource; title from digital title page (viewed on June 13, 2019).
Рубрики: Gold standard--History.
International finance--History.
BUSINESS & ECONOMICS / Economic History.
BUSINESS & ECONOMICS / Economics / General.
BUSINESS & ECONOMICS / Money & Monetary Policy.
Gold standard.
International finance.
Аннотация: "First published more than a decade ago, Globalizing Capital has remained an indispensable part of economic literature. This classic book emphasizes the importance of the international monetary system for understanding the international economy. The second edition, published in October 2008, has consistently appeared on syllabuses since its release. The new, third edition of Globalizing Capital will extend the book's account of the development of the international monetary and financial system to cover the most recent eventful decade. The new chapter, to be placed immediately before the conclusion, will be entitled 'Brave New World' and will commence with the eruption of the 2007 Subprime Crisis and 2008 Global Financial Crisis. Subsequent sections will then describe and analyze the Greek debt crisis, the euro crisis, the 'currency wars' problem starting in 2011, and China's efforts to internationalize its currency, the renminbi, and re-make the global monetary and financial system along less dollar-centric lines. It will close with discussion of the implications of the Trump presidency for the future of international financial relations"--
"Essential reading for understanding the international economy--now thoroughly updated Lucid, accessible, and provocative, and now thoroughly updated to cover recent events that have shaken the global economy, Globalizing Capital is an indispensable account of the past 150 years of international monetary and financial history--from the classical gold standard to today's post-Bretton Woods 'nonsystem.' Bringing the story up to the present, this third edition covers the global financial crisis, the Greek bailout, the Euro crisis, the rise of China as a global monetary power, the renewed controversy over the international role of the U.S. dollar, and the currency war. Concise and nontechnical, and with a proven appeal to general readers, students, and specialists alike, Globalizing Capital is a must-read for anyone who wants to understand where the international economy has been--and where it may be going"--
5.
Подробнее
G 54
Global challenges in public finance and international relations / / Deniz Sahin Duran, Yusuf Temur, and Dogan Bozdogan, editors. - Hershey : : Business Science Reference,, [2018]. - 1 online resource. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/94B9A333-4395-439F-B006-3BCDDF49F030. - ISBN 9781522575658 (electronic bk.). - ISBN 1522575650 (electronic bk.)
Print version record.
Параллельные издания: Print version: : Global challenges in public finance and international relations. - Hershey : Business Science Reference, [2018]. - ISBN 9781522575641
Содержание:
Relationship between tax revenues and globalization : a heterogeneous panel application on advanced nation states / Ibrahim Özmen, Selçuk University, Turkey, Selçuk Bali, Selçuk University, Turkey -- Global corporate governance in financial markets : need for consensus on standard practices / Satya Sekhar Gudimetla, GITAM -- Deemd to be university, India -- A discussion on fiscal policies implemented in EU during and after the great recession / Gozde ES POLAT, Bilecik Seyh Edebali University, Turkey, Onur POLAT, Ministry of Customs and Trade, Turkey -- Is there a threshold effect of public debt on economic growth? / Seher Topuz, Eskisehir Osmangazi University, Turkey, Taner Sekmen, Eskisehir Osmangazi University, Turkey -- An investigation of the Maastricht fiscal criteria and the European Union's harmonization / Sami Buhur, Balikesir University, Turkey -- Causal interactions between foreign direct investments, trade, and economic growth evidence from middle-income countries / Findik Alper, Nigde Ömer Halisdemir University, Turkey, Ali Alper, Nigde Ömer Halisdemir University, Turkey -- The local government economics in globalization process / Berkan Karagöz, Bozok University, Turkey -- The globalized world with different perceptions, dimensions and problems / AYSUN YILMAZTÜRK, BALIKESIR UNIVERSITY, Turkey.
~РУБ DDC 332/.042
Рубрики: International finance.
International finance--Law and legislation.
Fiscal policy.
International economic relations.
Fiscal policy.
International economic relations.
International finance.
International finance--Law and legislation.
BUSINESS & ECONOMICS / Finance
Аннотация: "This book examines the present international financial events and institutions, international financial relations, fiscal difficulties and dilemmas, discussions and solutions for potential problems in the postmodern world"--
Доп.точки доступа:
Duran, Deniz Sahin, (1979-) \editor.\
Temur, Yusuf, (1967-) \editor.\
Bozdogan, Dogan, (1983-) \editor.\
G 54
Global challenges in public finance and international relations / / Deniz Sahin Duran, Yusuf Temur, and Dogan Bozdogan, editors. - Hershey : : Business Science Reference,, [2018]. - 1 online resource. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/94B9A333-4395-439F-B006-3BCDDF49F030. - ISBN 9781522575658 (electronic bk.). - ISBN 1522575650 (electronic bk.)
Print version record.
Параллельные издания: Print version: : Global challenges in public finance and international relations. - Hershey : Business Science Reference, [2018]. - ISBN 9781522575641
Содержание:
Relationship between tax revenues and globalization : a heterogeneous panel application on advanced nation states / Ibrahim Özmen, Selçuk University, Turkey, Selçuk Bali, Selçuk University, Turkey -- Global corporate governance in financial markets : need for consensus on standard practices / Satya Sekhar Gudimetla, GITAM -- Deemd to be university, India -- A discussion on fiscal policies implemented in EU during and after the great recession / Gozde ES POLAT, Bilecik Seyh Edebali University, Turkey, Onur POLAT, Ministry of Customs and Trade, Turkey -- Is there a threshold effect of public debt on economic growth? / Seher Topuz, Eskisehir Osmangazi University, Turkey, Taner Sekmen, Eskisehir Osmangazi University, Turkey -- An investigation of the Maastricht fiscal criteria and the European Union's harmonization / Sami Buhur, Balikesir University, Turkey -- Causal interactions between foreign direct investments, trade, and economic growth evidence from middle-income countries / Findik Alper, Nigde Ömer Halisdemir University, Turkey, Ali Alper, Nigde Ömer Halisdemir University, Turkey -- The local government economics in globalization process / Berkan Karagöz, Bozok University, Turkey -- The globalized world with different perceptions, dimensions and problems / AYSUN YILMAZTÜRK, BALIKESIR UNIVERSITY, Turkey.
Рубрики: International finance.
International finance--Law and legislation.
Fiscal policy.
International economic relations.
Fiscal policy.
International economic relations.
International finance.
International finance--Law and legislation.
BUSINESS & ECONOMICS / Finance
Аннотация: "This book examines the present international financial events and institutions, international financial relations, fiscal difficulties and dilemmas, discussions and solutions for potential problems in the postmodern world"--
Доп.точки доступа:
Duran, Deniz Sahin, (1979-) \editor.\
Temur, Yusuf, (1967-) \editor.\
Bozdogan, Dogan, (1983-) \editor.\
6.
Подробнее
H 12
Hadzi-Vaskov, Metodij,.
The nonlinear relationship between public debt and Sovereign credit ratings / / by Metodij Hadzi-Vaskov and Luca Antonio Ricci. - 5089/9781498325059.001. - [Washington, D.C.] : : International Monetary Fund,, ©2019. - 1 online resource (37 pages) ( час. мин.), 5089/9781498325059.001. - (IMF Working Paper ; ; WP/19/162). - Includes bibliographical references. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/4EA00FC8-E5BA-48F2-A2CA-C0F6F89E575B. - ISBN 149832505X. - ISBN 1513509039 (electronic bk.). - ISBN 9781498325059. - ISBN 9781513509037 (electronic bk.)
Online resource; title from PDF title page (IMF, viewed Sept. 8, 2020).
Параллельные издания: Print Version: : Hadzi-Vaskov, Metodij. Nonlinear Relationship Between Public Debt and Sovereign Credit Ratings. - Washington, D.C. : International Monetary Fund, 2019. - ISBN 9781498325059
Содержание:
Literature review -- Dataset and emprirical strategy -- Empirical results -- Robustness -- Concluding remarks.
~РУБ DDC 336.3/4
Рубрики: Credit ratings.
Debts, Public.
Finance.
International finance.
Credit ratings.
Credit ratings.
Debts, Public.
Finance.
International finance.
Аннотация: This study investigates the nonlinear relationship between public debt and sovereign credit ratings, using a wide sample of over one hundred advanced, emerging, and developing economies. It finds that: i) higher public debt lowers the probability of being placed in a higher rating category; ii) the negative debt-ratings relationship is nonlinear and depends on the rating grade itself; and iii) the identified nonlinearity explains the differential impact of debt on ratings in advanced economies versus in emerging markets and developing economies. These results hold for both gross debt and net debt, and are robust to alternative dependent variable definitions, analytical techniques, and empirical specifications. These findings underscore the potential for fiscal consolidation in helping countries achieve a better credit rating.
Доп.точки доступа:
Ricci, Luca Antonio, \author.\
International Monetary Fund,
H 12
Hadzi-Vaskov, Metodij,.
The nonlinear relationship between public debt and Sovereign credit ratings / / by Metodij Hadzi-Vaskov and Luca Antonio Ricci. - 5089/9781498325059.001. - [Washington, D.C.] : : International Monetary Fund,, ©2019. - 1 online resource (37 pages) ( час. мин.), 5089/9781498325059.001. - (IMF Working Paper ; ; WP/19/162). - Includes bibliographical references. - URL: https://library.dvfu.ru/lib/document/SK_ELIB/4EA00FC8-E5BA-48F2-A2CA-C0F6F89E575B. - ISBN 149832505X. - ISBN 1513509039 (electronic bk.). - ISBN 9781498325059. - ISBN 9781513509037 (electronic bk.)
Online resource; title from PDF title page (IMF, viewed Sept. 8, 2020).
Параллельные издания: Print Version: : Hadzi-Vaskov, Metodij. Nonlinear Relationship Between Public Debt and Sovereign Credit Ratings. - Washington, D.C. : International Monetary Fund, 2019. - ISBN 9781498325059
Содержание:
Literature review -- Dataset and emprirical strategy -- Empirical results -- Robustness -- Concluding remarks.
Рубрики: Credit ratings.
Debts, Public.
Finance.
International finance.
Credit ratings.
Credit ratings.
Debts, Public.
Finance.
International finance.
Аннотация: This study investigates the nonlinear relationship between public debt and sovereign credit ratings, using a wide sample of over one hundred advanced, emerging, and developing economies. It finds that: i) higher public debt lowers the probability of being placed in a higher rating category; ii) the negative debt-ratings relationship is nonlinear and depends on the rating grade itself; and iii) the identified nonlinearity explains the differential impact of debt on ratings in advanced economies versus in emerging markets and developing economies. These results hold for both gross debt and net debt, and are robust to alternative dependent variable definitions, analytical techniques, and empirical specifications. These findings underscore the potential for fiscal consolidation in helping countries achieve a better credit rating.
Доп.точки доступа:
Ricci, Luca Antonio, \author.\
International Monetary Fund,
Страница 1, Результатов: 6