Show simple item record

dc.contributor.authorLUSINYAN, Lusine
dc.contributor.authorBUCH, Claudia M.
dc.date.accessioned2005-01-06T11:10:10Z
dc.date.available2005-01-06T11:10:10Z
dc.date.issued2003
dc.identifier.citationJournal of international financial markets, institutions and money, 2003, Vol. 13, No. 2, pp. 157-170
dc.identifier.issn1873-0612
dc.identifier.issn1042-4431
dc.identifier.urihttp://hdl.handle.net/1814/2124
dc.description.abstractAlthough 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.isoen
dc.relation.ispartofJournal of International Financial Markets
dc.titleDeterminants of short-term debt : a noteen
dc.typeArticle
dc.identifier.doi10.1016/S1042-4431(02)00042-2
dc.identifier.volume2003
dc.identifier.volume13
dc.identifier.startpage157
dc.identifier.endpage170
dc.identifier.issue2


Files associated with this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record