When bank loan returns have a systematic factor, the failure of one bank conveys adverse information about this systematic factor and increases the cost of borrowing for the surviving banks relative ...
Short-term capital flows appear to be procyclical in developing countries, increasing when economic growth is cyclically faster and declining when growth rates falter. Based on data for 33 developing ...
Should the company revert to significant procyclical rapid expansions or acquisitions, we would likely downgrade the Standard rating. We see the Iron Bridge development as a modest add on to the ...