dc.citation.endPage |
223 |
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dc.citation.number |
2 |
- |
dc.citation.startPage |
201 |
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dc.citation.title |
JOURNAL OF INTERNATIONAL MONEY AND FINANCE |
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dc.citation.volume |
29 |
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dc.contributor.author |
Chung, Keunsuk |
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dc.contributor.author |
Turnovsky, S.J. |
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dc.date.accessioned |
2023-12-22T07:11:56Z |
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dc.date.available |
2023-12-22T07:11:56Z |
- |
dc.date.created |
2014-11-07 |
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dc.date.issued |
2010-03 |
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dc.description.abstract |
e investigate the determinants of foreign borrowing costs in a stochastically growing economy. We find that these increase with the debt-wealth ratio, depending also upon the volatilities of domestic and foreign origin, and the length of debt contract. In addition, the sensitivity of the short-term debt supply to the debt-wealth ratio exceeds that of long-term debt, and the effects of volatility on the borrowing premium, growth of wealth, and its volatility, depend on the relative size of a direct effect and a secondary portfolio-adjustment effect of the initial shock, as well as the length of the debt contract. Panel regressions suggest that the empirical evidence generally support the theoretical predictions. |
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dc.identifier.bibliographicCitation |
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, v.29, no.2, pp.201 - 223 |
- |
dc.identifier.doi |
10.1016/j.jimonfin.2009.06.015 |
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dc.identifier.issn |
0261-5606 |
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dc.identifier.scopusid |
2-s2.0-75349114883 |
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dc.identifier.uri |
https://scholarworks.unist.ac.kr/handle/201301/8432 |
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dc.language |
영어 |
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dc.publisher |
ELSEVIER SCI LTD |
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dc.title |
Foreign debt supply in an imperfect international capital market: Theory and evidence |
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dc.type |
Article |
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dc.description.journalRegisteredClass |
ssci |
- |
dc.description.journalRegisteredClass |
ahci |
- |
dc.description.journalRegisteredClass |
scopus |
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