Oil crises and sovereign debt`s private financing

Title	Oil crises and sovereign debt`s private financing
Creator	Chow, Edward H. 周行一
Contributor	財管系
Date	1998
Date Issued	31-Mar-2015 11:50:53 (UTC+8)
Summary	Relative to bond financing, there is a significant and temporary increase in the use of loan financing by less developed countries as oil crises occurred. We argue that bank loan syndication reschedules debt more efficiently and better serves balance of payments financing than bondholders. This explanation is consistent with the line of argument that banks are unique. In addition, the low-income countries` loan financing increased more than that of the middle-income countries during the oil-crises, which is compatible with the notion that the contracting cost is cheaper with loan financing than with bond financing.
Relation	International Review of Economics & Finance - INT REV ECON FINANC , vol. 7, no. 4, pp. 437-452
Type	article
DOI	http://dx.doi.org/10.1016/S1059-0560(98)90031-4

dc.contributor	財管系
dc.creator (作者)	Chow, Edward H.
dc.creator (作者)	周行一	zh_TW
dc.date (日期)	1998
dc.date.accessioned	31-Mar-2015 11:50:53 (UTC+8)	-
dc.date.available	31-Mar-2015 11:50:53 (UTC+8)	-
dc.date.issued (上傳時間)	31-Mar-2015 11:50:53 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/74205	-
dc.description.abstract (摘要)	Relative to bond financing, there is a significant and temporary increase in the use of loan financing by less developed countries as oil crises occurred. We argue that bank loan syndication reschedules debt more efficiently and better serves balance of payments financing than bondholders. This explanation is consistent with the line of argument that banks are unique. In addition, the low-income countries` loan financing increased more than that of the middle-income countries during the oil-crises, which is compatible with the notion that the contracting cost is cheaper with loan financing than with bond financing.
dc.format.extent	1263451 bytes	-
dc.format.mimetype	application/pdf	-
dc.relation (關聯)	International Review of Economics & Finance - INT REV ECON FINANC , vol. 7, no. 4, pp. 437-452
dc.title (題名)	Oil crises and sovereign debt`s private financing
dc.type (資料類型)	article	en
dc.identifier.doi (DOI)	10.1016/S1059-0560(98)90031-4	en_US
dc.doi.uri (DOI)	http://dx.doi.org/10.1016/S1059-0560(98)90031-4	en_US