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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 3 registros
| Registro 1 de 3 | |
| Autor: | Fernández, Roque B. - González, Celeste - Pernice, Sergio - Streb, Jorge M. - |
| Título: | Loan and bond finance in Argentina, 1985-2005 |
| Fuente: | Documentos de Trabajo UCEMA, n.343. Universidad del CEMA |
| Páginas: | 49 p. |
| Año: | abr. 2007 |
| Resumen: | Loan and bond finance during 1985-2005 can be divided into three sub-periods. After the 1982 debt crisis, which mainly involved domestic and foreign bank loans to both the corporate and government sectors, there was practically no credit. This situation of lack of credit persisted until the domestic economy was stabilized in 1991 with the Convertibility Plan, and foreign debt renegotiation was completed in 1993 with the Brady Plan. Loan finance recovered to unprecedented levels since the 1950s, and bond finance became for the first time an important financing vehicle for both the national government and large firms in the corporate sector. Credit came to a sudden stop in 2001, with widespread default on both corporate and government bonds. The 2001 debt crisis was not followed by runaway domestic inflation, and by 2005 Argentina was able to return to foreign capital markets. |
| Palabras clave: | INSTITUCIONES FINANCIERAS | BANCOS CENTRALES | POLITICA FINANCIERA | LIQUIDEZ | CREDITO | PRESTAMOS | SUBSIDIOS DE VEJEZ | ESTADISTICAS ECONOMICAS | |
| Solicitar por: | HEMEROTECA D + datos de Fuente |
| Registro 2 de 3 | |
| Autor: | Bedoya, Alejandro - González, Celeste - Pernice, Sergio - Streb, Jorge M. - Czerwonko, Alejo - Díaz Santillán, Leandro |
| Título: | Database of corporate bonds from Argentina |
| Fuente: | Documentos de Trabajo UCEMA, n.344. Universidad del CEMA |
| Páginas: | 15 p. |
| Año: | abr. 2007 |
| Resumen: | This document describes the construction of a database of corporate bonds issued by firms in Argentina between 1989 and 2005. The database draws on two main sources, the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores, while some additional information comes from the Mercado Abierto Electrónico. In all, we collected information on 1356 corporate bonds, though there are some bonds that have fields with missing information. Our data basically covers the characteristics of the bonds at time of issue. That is, we do not have a detailed description of how the characteristics of those corporate bonds that defaulted in 2001/2002 and were subsequently renegotiated changed. Based on the data from the primary markets, we constructed a series with the total outstanding stock of corporate bonds over this period. The information in the database allows to calculate these stocks at the firm level. |
| Palabras clave: | MERCADO FINANCIERO | POLITICA FINANCIERA | EMPRESAS | VALORES | ACCIONES | BONOS | MARCO INSTITUCIONAL | ESTADISTICAS ECONOMICAS | |
| Solicitar por: | HEMEROTECA D + datos de Fuente |
| Registro 3 de 3 | |
| Autor: | Bedoya, Alejandro - González, Celeste - Pernice, Sergio - Streb, Jorge M. - Fernández, Roque B. - |
| Título: | Corporate bonds, asset-backed securities and deferred checks in Argentina |
| Fuente: | Documentos de Trabajo UCEMA, n.347. Universidad del CEMA |
| Páginas: | 25 p. |
| Año: | abr. 2007 |
| Resumen: | We describe the evolution of three types of corporate securities in Argentina, namely, corporate bonds, asset-backed securities and deferred checks. Corporate bonds (obligaciones negociables) were legally authorized in 1988, and after a tax reform in 1991 they became an important financing vehicle. Asset backed securities (fideicomisos), legally created in 1995, have been issued since 1996. They typically bundle together small credits of a similar category. Deferred checks (cheques de pago diferido) exist since 1993, alongside standard checks. They can be negotiated on the exchange since 2003, and are akin to commercial paper. Corporate bonds have been overwhelmingly issued by large firms and banks, with an average issue size of 53 million dollars. Asset backed securities have an average value of 9 million dollars. Deferred checks are typically used by smaller firms, and those traded on the exchange of the Buenos Aires board of trade have an average value of 9 thousand dollars. |
| Palabras clave: | MERCADO FINANCIERO | POLITICA FINANCIERA | EMPRESAS | VALORES | ACCIONES | BONOS | PAGOS | ESTADISTICAS ECONOMICAS | |
| Solicitar por: | HEMEROTECA D + datos de Fuente |
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