全球智库信息集成服务系统(G2TT): Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w3961
来源ID	Working Paper 3961
	Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt
	Sule Ozler; Harry Huizinga
发表日期	1992
出版年	1992
语种	英语
摘要	Previous empirical studies of secondary market discounts for developing countries have ignored important creditor country factors. The empirical evidence in this paper indicates that, after controlling for repayment indicators of borrower countries, bank exposure and capital are important determinants of secondary market discounts: an increase in the exposure of large banks to a particular country leads to a decrease in the secondary market discounts on the debt of that country, while an increase in the capital of large banks leads to an increase in secondary market discounts. Among the repayment indicators of developing countries, only debt ratios are found to be significant determinants of the discounts. We suggest that the impacts of exposure and capital can be explained by the presence of deposit insurance. The evidence presented on the stock market pricing of lender banks supports this view.
主题	International Economics ; International Finance
URL	https://www.nber.org/papers/w3961
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/561302
推荐引用方式 GB/T 7714	Sule Ozler,Harry Huizinga. Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt. 1992.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w3961.pdf（217KB）	智库出版物		限制开放	CC BY-NC-SA	浏览