dc.contributor.author | LUSINYAN, Lusine | |
dc.contributor.author | BUCH, Claudia M. | |
dc.date.accessioned | 2005-01-06T11:10:10Z | |
dc.date.available | 2005-01-06T11:10:10Z | |
dc.date.issued | 2003 | |
dc.identifier.citation | Journal of international financial markets, institutions and money, 2003, Vol. 13, No. 2, pp. 157-170 | |
dc.identifier.issn | 1873-0612 | |
dc.identifier.issn | 1042-4431 | |
dc.identifier.uri | https://hdl.handle.net/1814/2124 | |
dc.description.abstract | Although various measures to lengthen the maturity of foreign debt are being discussed, there is relatively little evidence on the determinants of short-term debt. This paper briefly reviews the theoretical literature and discusses a stylized model which stresses the role of short-term debt under conditions of uncertainty. We then complement earlier empirical work by Rodrik and Velasco. Using a new dataset, we find that the determinants of short-term bank lending do not differ significantly between developed and developing countries. The level of economic development and the share of loans to banks are found to have a positive, OECD membership to have a negative impact on the share of short-term loans. | |
dc.language.iso | en | |
dc.relation.ispartof | Journal of International Financial Markets | |
dc.title | Determinants of short-term debt : a note | en |
dc.type | Article | |
dc.identifier.doi | 10.1016/S1042-4431(02)00042-2 | |
dc.identifier.volume | 2003 | |
dc.identifier.volume | 13 | |
dc.identifier.startpage | 157 | |
dc.identifier.endpage | 170 | |
dc.identifier.issue | 2 | |