Banking Sector Reforms and Corporate Borrowing Costs in Emerging Markets

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.

Download Full-text

The Dollar and Corporate Borrowing Costs

International Finance Discussion Paper ◽

10.17016/ifdp.2021.1312 ◽

2021 ◽

Vol 2021 (1312) ◽

pp. 1-64

Author(s):

Ralf R. Meisenzahl ◽

◽

Friederike Niepmann ◽

Tim Schmidt-Eisenlohr ◽

◽

...

Keyword(s):

Standard Deviation ◽

High Frequency ◽

Standard Deviation Increase ◽

Borrowing Costs ◽

Corporate Borrowing ◽

Loan Terms ◽

Syndicated Loan ◽

Loan Amount

We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. Using this high-frequency, within loan variation, we find that a one standard deviation increase in the dollar index increases spreads by up to 15 basis points and reduces loan amounts and underpricing by up to 2 percent and 7 basis points, respectively. These effects are concentrated in dollar appreciations. Our results suggest that global factors reflected in the dollar affect U.S. borrowing costs.

Download Full-text

The Impact of Human Capital on Stocks Performance in Emerging Markets: Evidence From Egypt

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v10i1.16175 ◽

2020 ◽

Vol 10 (1) ◽

pp. 73

Author(s):

Walid Abouzeid ◽

Sharihan Mohamed Aly

Keyword(s):

Human Capital ◽

Emerging Markets ◽

Banking Sector ◽

The Other ◽

Common Stock ◽

General Tendency ◽

Other Hand ◽

The Common ◽

The Impact ◽

Statistical Results

This study attempts to investigate the impact of human capital on the common stock's return. The population of the study is Egyptian companies listed at the Egyptian exchange (EGX) due to 2014-2018. The statistical results indicate that there is a general tendency to change common stock's hold return to the corporation's human capital, and it is significant at 0.01 levels. In other terms, it can be stated that the corporation's human capital has a significant impact on common stock's hold return in the Egyptian corporation, and according to Adjusted R-squared the corporation's human capital explain a 57.8% from the change common stock's hold return.so; led to the impact of human capital on creating value of common stock. This can be traced back to investing in "the development and researches" on the other hand besides training, therefore medicine and technology companies get affected through these fields of development researches areas; however companies in industrial and banking sector get impacted by training field.

Download Full-text

Basel II and bank lending to emerging markets: Evidence from the German banking sector

Journal of Banking & Finance ◽

10.1016/j.jbankfin.2006.05.017 ◽

2007 ◽

Vol 31 (2) ◽

pp. 401-418 ◽

Cited By ~ 17

Author(s):

Thilo Liebig ◽

Daniel Porath ◽

Beatrice Weder ◽

Michael Wedow

Keyword(s):

Emerging Markets ◽

Banking Sector ◽

Bank Lending ◽

Basel Ii

Download Full-text

FINANCIAL STABILITY AND INCOME GROWTH IN EMERGING MARKETS

Buletin Ekonomi Moneter dan Perbankan ◽

10.21098/bemp.v23i2.1247 ◽

2020 ◽

Vol 23 (2) ◽

pp. 201-220

Author(s):

Bashir T. Mande ◽

Afees Salisu ◽

Adeola N. Jimoh ◽

Fola Dosumu ◽

Girei H. Adamu

Keyword(s):

Stock Market ◽

Emerging Markets ◽

Financial Stability ◽

Banking Sector ◽

Financial System ◽

Market Volatility ◽

Income Growth ◽

Stock Market Volatility ◽

The Individual ◽

The Impact

In this paper, we examine the extent to which financial stability matters for income growth in emerging markets. Using dynamic panel estimation techniques, we explore both the stock market and banking sector dimensions of the financial system to show that both stock market volatility and non-performing loans are detrimental to income growth in these markets. We, however, find the magnitude of the impact to be relatively more pronounced when the underlying source of instability in the financial system is stock market volatility. Overall, we find the impact of financial stability on income growth to be more statistically relevant when measured using the individual indicators of financial instability as compared to their composite indicator.

Download Full-text