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Recursos bibliográficos en papel y digitales - - libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
10 registros
Registro 1 de 10 |
Autor: |
Prasad, Eswar - Rajan, Raghuram - Subramanian, Arvind - |
Título: |
La paradoja del capital |
Fuente: |
Finanzas y Desarrollo. v.44, n.1. Fondo Monetario Internacional, FMI |
Páginas: |
pp. 16-19 |
Año: |
mar. 2007 |
Resumen: |
Según la teoría convencional, el capital financiero debería fluir de los países ricos a los pobres, en pos de nuevas oportunidades de inversión que ayudarían a estos a elevar los niveles de ocupación y de ingresos. Pero el capital en efecto ha estado fluyendo en sentido contrario. Los autores investigan esta paradoja y tratan de determinar si el capital extranjero realmente fomenta el crecimiento en los países en desarrollo. |
Solicitar por: |
HEMEROTECA F + datos de Fuente |
Registro 3 de 10 |
Autor: |
Diamond, Douglas W. - Rajan, Raghuram G. |
Título: |
Liquidity risk, liquidity creation, and financial fragility : a theory of banking |
Fuente: |
Journal of Political Economy. v.109, n.2. The University of Chicago Press |
Páginas: |
pp. 287-327 |
Año: |
Apr. 2001 |
Resumen: |
Loans are illiquid when a lender needs relationship-specific skills to collect them. Consequently, if the relationship lender needs funds before the loan matures, she may demand to liquidate early, or require a return premium, when she lends directly. Borrowers also risk losing funding. The costs of illiquidity are avoided if the relationship lender is a bank with a fragile capital structure, subject to runs. Fragility commits banks to creating liquidity, enabling depositors to withdraw when needed, while buffering borrowers from depositors’ liquidity needs. Stabilization policies, such as capital requirements, narrow banking, and suspension of convertibility, may reduce liquidity creation |
Solicitar por: |
HEMEROTECA J + datos de Fuente |
Registro 4 de 10 |
Autor: |
Rajan, Raghuram-G - Zingales, Luigi - |
Título: |
Financial Dependence and Growth |
Fuente: |
American Economic Review. v.88, n.3. American Economic Association |
Páginas: |
pp. 559-86 |
Año: |
June 1998 |
Resumen: |
This paper examines whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms. Specifically, the authors ask whether industrial sectors that are relatively more in need of external finance develop disproportionately faster in countries with more-developed financial markets. They find this to be true in a large sample of countries over the 1980s. The authors show this result is unlikely to be driven by omitted variables, outliers, or reverse causality. |
Solicitar por: |
HEMEROTECA A + datos de Fuente |
Registro 5 de 10 |
Autor: |
Rajan, Raghuram - Servaes, Henri - |
Título: |
Analyst Following of Initial Public Offerings |
Fuente: |
Journal of Finance. v.52, n.2. American Finance Association |
Páginas: |
pp. 507-29 |
Año: |
June 1997 |
Resumen: |
The authors examine data on analyst following for a sample of initial public offerings completed between 1975 and 1987 to see how they related to three well-documented initial public offering (IPO) anomalies. They find that higher underpricing leads to increased analyst following. Analysts are overoptimistic about the earnings potential and long-term growth prospects of recent IPOs. More firms complete IPOs when analysts are particularly optimistic about the growth prospects of recent IPOs. In the long run, IPOs have better stock performance when analysts ascribe low growth potential rather than high growth potential. These results suggest that the anomalies may be partially driven by overoptimism. |
Solicitar por: |
HEMEROTECA J + datos de Fuente |
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