Spring Forward or Fall Back? The Post-Crisis Recovery of Firms

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475515405
Total Pages : 31 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Spring Forward or Fall Back? The Post-Crisis Recovery of Firms by : Leandro Medina

Download or read book Spring Forward or Fall Back? The Post-Crisis Recovery of Firms written by Leandro Medina and published by International Monetary Fund. This book was released on 2012-12-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that pre-crisis leverage and short-term debt have had negative effects on the speed of the recovery, while asset tangibility has had positive effects. The negative effect of leverage is non-linear, being particularly strong in firms with high pre-crisis leverage. Furthermore, the effects are different for advanced and emerging market economies. The paper also shows that the macroeconomic framework critically matters for firm growth. In particular, in countries that have allowed the exchange rate to depreciate, firms have had a faster recovery in sectors highly dependent on trade.

Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484380657
Total Pages : 38 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis by : Carolina Correa-Caro

Download or read book Fiscal Stimulus Impact on Firms' Profitability During the Global Financial Crisis written by Carolina Correa-Caro and published by International Monetary Fund. This book was released on 2018-11-28 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using financial statement data from the Thomson Reuter’s Worldscope database for 22,333 non-financial firms in 52 advanced and emerging economies, this paper examines how fiscal stimulus (i.e., changes in structural deficit) interacted with sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the GFC fiscal stimulus, especially in manufacturing, utilities and retail sectors. Firm size and leverage are also found to be significant in explaining changes in corporate profitability.

Nonfinancial Firms in Latin America

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Publisher : International Monetary Fund
ISBN 13 : 147556841X
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Nonfinancial Firms in Latin America by : Ms.Maria Gonzalez

Download or read book Nonfinancial Firms in Latin America written by Ms.Maria Gonzalez and published by International Monetary Fund. This book was released on 2012-11-29 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized facts based on corporate financial indicators. Second, we assess vulnerability of individual firms to a sudden stop in financing through a probit model, using a panel of 18 countries in 2000-11. Results suggest that higher leverage and maturity exposures raise a firm’s probability to become exposed to a funding shock, while a larger firm size and buffers reduce it. Further, greater exchange rate flexibility can help mitigate corporate vulnerability. Identification of firms at risk through the model suggests that some vulnerabilities may be building in Latin America led by leverage, currency exposures and moderating buffers. These effects are partially offset, however, by a significant reduction in maturity exposures.

Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis by : Uroš Herman

Download or read book Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis written by Uroš Herman and published by International Monetary Fund. This book was released on 2022-02-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we investigate whether a firm’s composition of foreign liabilities matters for their resilience during economic turmoil and examine which characteristics determine a firm’s foreign capital structure. Using firm-level data, we corroborate previous findings from the (international) macroeconomic literature that the composition of foreign liabilities matters for a country’s susceptibility to external shocks. We find that firms with a positive equity share in their foreign liabilities were less affected by the global financial crisis and also less likely to default in the aftermath of the crisis. In addition, we show that larger, more open, and more productive firms tend to have a higher equity share in total foreign liabilities.

Corporate Vulnerabilities in India and Banks' Loan Performance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341071
Total Pages : 19 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Corporate Vulnerabilities in India and Banks' Loan Performance by : Peter Lindner

Download or read book Corporate Vulnerabilities in India and Banks' Loan Performance written by Peter Lindner and published by International Monetary Fund. This book was released on 2014-12-19 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial performance of India's corporate sector has been under pressure since the Global Financial Crisis. Balance-sheet data on a large cross-section of Indian non-financial corporates show that the growth in their leverage over the last 15 years has been associated with a notable increase in the vulnerabilities of firms carrying high interest payment burdens. Gauged by the debt carried by the most vulnerable component of firms, the Indian corporate sector’s vulnerability to severe systemic shocks has increased to levels not seen since 2001. Progress on the macroeconomic front, together with improved credit appraisals and stricter impairment standards on the bank side, will be critical to help India's banks resume their role as economic growth drivers.

IMF Research Bulletin, March 2013

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Publisher : International Monetary Fund
ISBN 13 : 1484376307
Total Pages : 15 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Research Bulletin, March 2013 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, March 2013 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2013-03-15 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arslanalp and Takahiro Tsuda). The Q&A looks at "Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates" (Rudolfs Bems). Readers can also find in this issue a listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications. The Bulletin also includes a call for papers for a research conference and information on free access to the IMF Economic Review in April.

Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (713 download)

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Book Synopsis Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy by :

Download or read book Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy written by and published by . This book was released on 2010 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recession that began in late 2007 was long and deep. It is likely to prove to be the worst economic contraction since the 1930s (but still much less severe than the Great Depression). The slowdown of economic activity was moderate through the first half of 2008, but at that point the weakening economy was overtaken by a major financial crisis that would exacerbate the economic weakness and accelerate the decline. Recent evidence suggests that the process of economic recovery has begun. Real gross domestic product (GDP) has been on a positive track since mid-2009. The stock market has recovered from its lows, and employment has increased moderately. On the other hand, significant economic weakness remains evident, particularly in the labor and housing markets. In the typical post-war business cycle, lower than normal growth during the recession is quickly followed by a recovery period with above normal growth. This above normal growth serves to speed up the reentry of the unemployed to the workforce. Once the economy reaches potential output (and full employment), growth returns to its normal growth path where the pace of aggregate spending advances in step with the pace of aggregate supply.

Post Corona

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Publisher : Penguin
ISBN 13 : 0593332210
Total Pages : 258 pages
Book Rating : 4.5/5 (933 download)

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Book Synopsis Post Corona by : Scott Galloway

Download or read book Post Corona written by Scott Galloway and published by Penguin. This book was released on 2020-11-24 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times bestseller! "Few are better positioned to illuminate the vagaries of this transformation than Galloway, a tech entrepreneur, author and professor at New York University’s Stern School. In brisk prose and catchy illustrations, he vividly demonstrates how the largest technology companies turned the crisis of the pandemic into the market-share-grabbing opportunity of a lifetime." --The New York Times "As good an analysis as you could wish to read." --The Financial Times From bestselling author and NYU Business School professor Scott Galloway comes a keenly insightful, urgent analysis of who stands to win and who's at risk to lose in a post-pandemic world The COVID-19 outbreak has turned bedrooms into offices, pitted young against old, and widened the gaps between rich and poor, red and blue, the mask wearers and the mask haters. Some businesses--like home exercise company Peloton, video conference software maker Zoom, and Amazon--woke up to find themselves crushed under an avalanche of consumer demand. Others--like the restaurant, travel, hospitality, and live entertainment industries--scrambled to escape obliteration. But as New York Times bestselling author Scott Galloway argues, the pandemic has not been a change agent so much as an accelerant of trends already well underway. In Post Corona, he outlines the contours of the crisis and the opportunities that lie ahead. Some businesses, like the powerful tech monopolies, will thrive as a result of the disruption. Other industries, like higher education, will struggle to maintain a value proposition that no longer makes sense when we can't stand shoulder to shoulder. And the pandemic has accelerated deeper trends in government and society, exposing a widening gap between our vision of America as a land of opportunity, and the troubling realities of our declining wellbeing. Combining his signature humor and brash style with sharp business insights and the occasional dose of righteous anger, Galloway offers both warning and hope in equal measure. As he writes, "Our commonwealth didn't just happen, it was shaped. We chose this path--no trend is permanent and can't be made worse or corrected."

Russia after 2020

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Author :
Publisher : Routledge
ISBN 13 : 1000450058
Total Pages : 473 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Russia after 2020 by : J. L. Black

Download or read book Russia after 2020 written by J. L. Black and published by Routledge. This book was released on 2021-09-25 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive survey of the current state of Russia and how Russia is likely to develop in the immediate future. Not always sticking to the mainstream narrative, it covers political events including Putin’s constitutional reforms of January 2020 and their likely consequences, economic developments, Russia’s international relations and military activities, and changes and issues in Russian society, including in education, the place of women, health care and religion. Special attention is paid to manifestations of the COVID-19 pandemic. The book’s overall conclusion is that events of 2020 may compel Putin to ‘think again’ before he decides whether to run for office in 2024.

Budget of the United States Government

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Publisher :
ISBN 13 :
Total Pages : 502 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Budget of the United States Government by : United States. Office of Management and Budget

Download or read book Budget of the United States Government written by United States. Office of Management and Budget and published by . This book was released on 2011 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Global Economic Recovery 10 Years After the 2008 Financial Crisis

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498305423
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Global Economic Recovery 10 Years After the 2008 Financial Crisis by : Ms.Wenjie Chen

Download or read book The Global Economic Recovery 10 Years After the 2008 Financial Crisis written by Ms.Wenjie Chen and published by International Monetary Fund. This book was released on 2019-04-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007–08. Sluggish investment was a key channel through which these losses registered, accompanied by long-lasting capital and total factor productivity shortfalls relative to precrisis trends. Policy choices preceding the crisis and in its immediate aftermath influenced postcrisis variation in output. Underscoring the importance of macroprudential policies and effective supervision, countries with greater financial vulnerabilities in the precrisis years suffered larger output losses after the crisis. Countries with stronger precrisis fiscal positions and those with more flexible exchange rate regimes experienced smaller losses. Unprecedented and exceptional policy actions taken after the crisis helped mitigate countries’ postcrisis output losses.

Financial Regulatory Reform

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Financial Regulatory Reform by : United States. Congress. Joint Economic Committee

Download or read book Financial Regulatory Reform written by United States. Congress. Joint Economic Committee and published by . This book was released on 2010 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Year 2013: Analytical Perspectives: Budget of the U.S. Government

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Author :
Publisher : Government Printing Office
ISBN 13 :
Total Pages : 514 pages
Book Rating : 4./5 ( download)

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Book Synopsis Fiscal Year 2013: Analytical Perspectives: Budget of the U.S. Government by : Office of Management and Budget (U S. ).

Download or read book Fiscal Year 2013: Analytical Perspectives: Budget of the U.S. Government written by Office of Management and Budget (U S. ). and published by Government Printing Office. This book was released on 2012-02 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains analyses that are designed to highlight specified subject areas or provide other significant presentations of budget data that place the budget in perspective. This volume includes economic and accounting analyses; information on Federal receipts and collections; analyses of Federal spending; information on Federal borrowing and debt; baseline or current service estimates; and other technical presentations. This volume also contains supplemental material on a CD-ROM in the printed document with several detailed tables, including tables showing the budget by agency and account and by function, subfunction, and program.

Building Resilience

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Publisher : University of Chicago Press
ISBN 13 : 0226012891
Total Pages : 246 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Building Resilience by : Daniel P. Aldrich

Download or read book Building Resilience written by Daniel P. Aldrich and published by University of Chicago Press. This book was released on 2012-08-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The factor that makes some communities rebound quickly from disasters while others fall apart: “A fascinating book on an important topic.”—E.L. Hirsch, in Choice Each year, natural disasters threaten the strength and stability of communities worldwide. Yet responses to the challenges of recovery vary greatly and in ways that aren’t explained by the magnitude of the catastrophe or the amount of aid provided by national governments or the international community. The difference between resilience and disrepair, as Daniel P. Aldrich shows, lies in the depth of communities’ social capital. Building Resilience highlights the critical role of social capital in the ability of a community to withstand disaster and rebuild both the infrastructure and the ties that are at the foundation of any community. Aldrich examines the post-disaster responses of four distinct communities—Tokyo following the 1923 earthquake, Kobe after the 1995 earthquake, Tamil Nadu after the 2004 Indian Ocean Tsunami, and New Orleans post-Katrina—and finds that those with robust social networks were better able to coordinate recovery. In addition to quickly disseminating information and financial and physical assistance, communities with an abundance of social capital were able to minimize the migration of people and valuable resources out of the area. With governments increasingly overstretched and natural disasters likely to increase in frequency and intensity, a thorough understanding of what contributes to efficient reconstruction is more important than ever. Building Resilience underscores a critical component of an effective response.

International Macroeconomics in the Wake of the Global Financial Crisis

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Author :
Publisher : Springer
ISBN 13 : 3319790757
Total Pages : 300 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis International Macroeconomics in the Wake of the Global Financial Crisis by : Laurent Ferrara

Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Emerging Trends in Smart Societies

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Publisher : Taylor & Francis
ISBN 13 : 1040045944
Total Pages : 454 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Emerging Trends in Smart Societies by : Worakamol Wisetsri

Download or read book Emerging Trends in Smart Societies written by Worakamol Wisetsri and published by Taylor & Francis. This book was released on 2024-06-24 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging Trends in Smart Societies: Interdisciplinary Perspectives” captures the essence of the groundbreaking initiative heralded by the inaugural International Conference on Humanities for Smart Societies 2023 (HMSS 23). This milestone event convenes a global cohort of scholars, policymakers, and thinkers, transcending geographical confines via a pioneering virtual platform. The book crystallizes the convergence of diverse disciplines – from humanities to management – fostering an exchange of innovative ideas vital for sustainable, digitally transformed societies. By orchestrating cross-disciplinary dialogues, this anthology unveils novel solutions and holistic approaches to contemporary challenges.

The Post Magazine and Insurance Monitor

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Author :
Publisher :
ISBN 13 :
Total Pages : 846 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Post Magazine and Insurance Monitor by :

Download or read book The Post Magazine and Insurance Monitor written by and published by . This book was released on 1909 with total page 846 pages. Available in PDF, EPUB and Kindle. Book excerpt: