| Description |
1 online resource (49 pages) : illustrations, tables |
| Series |
IMF Working Paper ; WP/04/124 |
|
IMF working paper ; WP/04/124.
|
| Contents |
Contents -- I. INTRODUCTION -- II. LITERATURE REVIEW -- III. CORPORATE FINANCIAL STRUCTURE FOR INDUSTRIAL AND EMERGING MARKET COUNTRIES -- IV. CORPORATE FINANCIAL STRUCTURE AND FINANCIAL STABILITY: DESCRIPTIVE ANALYSIS -- V. CORPORATE FINANCIAL STRUCTURE AND FINANCIAL STABILITY: ECONOMETRIC ANALYSIS -- VI. CONCLUSION -- REFERENCES |
| Summary |
Annotation This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries. Post-crisis investment and inventory declines are correlated with the corporate debtequity ratio. Although companies in emerging market countries hold more liquidity, this is not sufficient to prevent a greater response of expenditures to shocks. Industrial countries appear to benefit from an offsetting increase in bond issuance |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF cover (ebrary, viewed July 3, 2015) |
| Subject |
Corporations -- Finance.
|
|
Financial crises
|
|
Flow of funds.
|
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Corporations -- Finance
|
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Financial crises
|
|
Flow of funds
|
| Form |
Electronic book
|
| Author |
Stone, Mark R
|
| ISBN |
9781451854756 |
|
1451854757 |
|
9781451900026 |
|
1451900023 |
|
