Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/14673
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kalotychou, Elena | - |
dc.contributor.author | Staikouras, Sotiris | - |
dc.contributor.other | Καλοτύχου, Έλενα | - |
dc.date.accessioned | 2019-07-23T07:34:15Z | - |
dc.date.available | 2019-07-23T07:34:15Z | - |
dc.date.issued | 2006-10 | - |
dc.identifier.citation | Journal of Multinational Financial Management, 2006, vol.6, no. 4, pp. 363-384 | en_US |
dc.identifier.issn | 1042444X | - |
dc.identifier.uri | https://hdl.handle.net/20.500.14279/14673 | - |
dc.description.abstract | The paper sets out to explore the factors affecting the credit quality of the Latin American region. Specifically, a logit framework is employed based on macroeconomic and financial data to determine the causes of Latin American debt crises in the last two decades. The analysis uses a modification of the default indicator to explicitly incorporate country arrear capacity. A number of domestic and international signals are found to be important in determining earlier as well as recent incidents. Domestic fundamentals, however, bear a much heavier weight than global conditions, implying that policy-makers still enjoy some freedom in preventing crises by monitoring country vulnerability. Furthermore, the study focuses on the out-of-sample classification accuracy of the proposed estimator using various criteria and provides 1-, 2- and 3-year-ahead forecasts for country default probabilities. Predictive performance is satisfactory with a reasonable reduction in accuracy in the out-of-sample period. Nevertheless, the findings indicate an upward bias towards type II errors. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Multinational Financial Management | en_US |
dc.rights | © Elsevier | en_US |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
dc.subject | Financial crises | en_US |
dc.subject | Forecasting | en_US |
dc.subject | International credit risk | en_US |
dc.subject | Logit modelling | en_US |
dc.title | An empirical investigation of the loan concentration risk in Latin America | en_US |
dc.type | Article | en_US |
dc.collaboration | City University London | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Open Access | en_US |
dc.country | United Kingdom | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1016/j.mulfin.2005.08.005 | en_US |
dc.identifier.scopus | 2-s2.0-33747841567 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/33747841567 | - |
dc.relation.issue | 4 | en_US |
dc.relation.volume | 6 | en_US |
cut.common.academicyear | 2005-2006 | en_US |
dc.identifier.spage | 363 | en_US |
dc.identifier.epage | 384 | en_US |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
item.languageiso639-1 | en | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.orcid | 0000-0003-2824-0383 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.journal.journalissn | 1042-444X | - |
crisitem.journal.publisher | Elsevier | - |
Appears in Collections: | Άρθρα/Articles |
CORE Recommender
SCOPUSTM
Citations
6
checked on Mar 14, 2024
Page view(s)
257
Last Week
1
1
Last month
6
6
checked on Aug 30, 2024
Google ScholarTM
Check
Altmetric
This item is licensed under a Creative Commons License