Documents et rapports
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Crisis Credit, Employment Protection, Indebtedness, and Risk (anglais)
This paper studies how credit guarantee and employment protection programs interact in assisting firms during crises times. The paper analyzes how these government programs influence credit allocation...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS10958 Date du document: 24 octobre 2024 Mode de publication: Disclosed Auteur: Huneeus,Federico,Kaboski,Joseph P.,Larrain,Mauricio,Schmukler, Sergio,Vera,Mario
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The Distribution of Crisis Credit : Effects on Firm Indebtedness and Aggregate Risk (anglais)
This paper studies the distribution of credit during crisis times and its impact on firm indebtedness and macroeconomic risk. Whereas policies can help firms in need of financing, they can lead to adverse...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9937 Date du document: 14 février 2022 Mode de publication: Disclosed Auteur: Huneeus,Federico,Kaboski,Joseph P.,Larrain,Mauricio,Schmukler,Sergio L.,Vera,Mario
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Financing Firms in Hibernation during the COVID-19 Pandemic (anglais)
The coronavirus (COVID-19) pandemic halted economic activity worldwide, hurting firms and pushing many of them toward bankruptcy. This paper discusses four central issues that have emerged in the academic...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9236 Date du document: 8 mai 2020 Mode de publication: Disclosed Auteur: Didier Brandao,Tatiana,Huneeus,Federico,Larrain,Mauricio,Schmukler,Sergio L.
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Financing Firms in Hibernation During the COVID-19 Pandemic (anglais)
The coronavirus (COVID-19) pandemic has imposed a heavy toll on economies worldwide, nearly halting economic activity. Although most firms should be viable when economic activity resumes, cash flows have...
Type de document: Fiche Numéro du rapport: 147598 Date du document: 13 avril 2020 Mode de publication: Disclosed Auteur: Didier Brandao,Tatiana,Huneeus,Federico,Larrain,Mauricio,Schmukler,Sergio L.
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Search for Yield in Large International Corporate Bonds : Investor Behavior and Firm Responses (anglais)
Emerging market corporations have significantly increased their borrowing in international markets since 2008. This paper shows that this increase was driven by large-denomination bond issuances, most...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8890 Date du document: 17 juin 2019 Mode de publication: Disclosed Auteur: Calomiris,Charles W.,Larrain,Mauricio,Schmukler,Sergio L.,Williams,Tomas
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Capital inflows, equity issuance activity, and corporate investment (anglais)
This paper uses issuance-level data to study how equity capital inflows that enter emerging market economies affect equity issuance and corporate investment. It shows that foreign inflows are strongly...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8405 Date du document: 12 avril 2018 Mode de publication: Disclosed Auteur: Calomiris,Charles W.,Larrain,Mauricio,Schmukler,Sergio L.
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How the 1981-83 Chilean banking crisis was handled (anglais)
The banking crisis in Chile in 1981-83 was widespread - representing about 60 percent of the banking system's total portfolio. The crisis arose because of macroeconomic problems and was exacerbated by...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS300 Date du document: 31 décembre 1989 Mode de publication: Disclosed Auteur: Larrain,Mauricio