Download or read book The Economics of Corporate Trade Credit in Europe written by Julia Koralun-Bereźnicka and published by . This book was released on 2022 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book is a research monograph addressed to a wide range of academics interested in corporate short-term capital. The study shows the role of trade credit in the functioning of economic entities. It constitutes a comprehensive source of knowledge about the role of trade credit in the development of enterprises, as well as the impact of this form of financing on the development of economies. Apart from an extensive review of the theoretical aspects of the role of trade credit in the economy, the study discusses the importance of factors influencing trade credit behaviour. Trade credit, despite its versatility, has not yet been fully described, particularly with regard to the specificity of domestic markets. This study aggregates and supplements the existing sources. The monograph is of international character, as it covers a substantial group of European countries. Therefore, it is likely to have international appeal. The findings may be of interest to those involved in finance management. Understanding the differences in receivables management resulting from the country specificity can contribute to a better understanding of business financing and its operational functioning. This knowledge may support the effective management of receivables and liabilities, especially in companies operating on the global market"--

Download or read book Currency Credit and Crisis written by Patrick Honohan and published by Cambridge University Press. This book was released on 2019-05-23 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland's experience of Europe's most spectacular financial bubble, bust and recovery is narrated and dissected by a central banking insider.

Download or read book Credit Growth in Emerging Europe written by Sophie Sirtaine and published by World Bank Publications. This book was released on 2012 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High credit growth in Emerging Europe, generally considered a sign of catching-up with the "old" Europe, has begun receiving considerable attention among investors and policymakers alike. Given heightened global risks and the demands under the European Union accession process, the need to better understand this high credit growth's drivers, riskiness, and the possible macroeconomic and financial stability consequences is strong. The authors adopt a holistic approach in reviewing the rapid credit growth experienced in the region, examining macroeconomic, financial sector, corporate sector, and asset market consequences and possible vulnerabilities. They consider three possible scenarios-a catching-up with older European countries, a soft landing as experienced by Portugal in the early 2000s, and a hard landing as experienced by Asia in 1997.

Download or read book Consumer Credit in Europe written by Daniela Vandone and published by Springer Science & Business Media. This book was released on 2009-07-21 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer credit has become a topical issue for researchers, regulators and the banking industry in Europe as a result of increasing market integration, regulatory changes and a growing tendency of households to use debt to finance consumption. This study uses a cross-country approach to look at a broad range of issues related to consumer credit in Europe. Focusing on both the supply and demand sides, it takes into account the structure and performance of financial intermediaries, the socio-demographic and economic profile of households and their risk of over-indebtedness, as well as the regulatory framework, such as the new Consumer Credit Directive. In the light of this analysis, measures for the prevention and management of over-indebtedness are presented. This book is essential for postgraduate students and specialists in financial institutions, for regulators and policy-makers who are in charge of efficiency and stability of financial systems.

Download or read book A History of the Credit Market in Central Europe written by Pavla Slavíčková and published by Routledge. This book was released on 2020-10-04 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study of loans and debts in Central European countries in the Middle Ages and Early Modern Period. It outlines the issues of debts and loans in the Czech lands, Poland and Hungary, with respect to the influence of Austria and Germany. It focuses on the role of loans and debts in medieval and early modern society, credit markets in these countries, the mechanism of lending and borrowing, forms of credit, availability of loans, frequency of credits dealings, range of lending business, and last, but not least, the financial relationships inside the social classes and between them. The research presented in the book is based on a wide range of resources including credit contracts and agreements, evidence of loans and debts of courts, accounting of nobility, towns, churches and guilds, merchant diaries and Jewish registers, as well as other financial records. It covers a wide range of historical disciplines including economic and financial history, social history, the history of economic thought as well as the history of everyday life. It also contains a wealth of case studies, which offer, for the first time in English, a comprehensive and representative sample of the most up-to-date Central European research on the history of loans and debts and serves as a basis for a comparison with the other parts of Europe during the same period. The book is designed primarily for postgraduates, researchers and academics in financial, economic and historical sciences but will also be a valuable resource for students of business schools.

Download or read book Secured Credit in Europe written by Teemu Juutilainen and published by Bloomsbury Publishing. This book was released on 2018-03-22 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 2016–2018 KG Idman Prize. This monograph seeks the optimal way to promote compatibility between systems of proprietary security rights in Europe, focusing on security rights over tangible movables and receivables. Based on comparative research, it proposes how best to tackle cross-border problems impeding trade and finance, notably uncertainty of enforceability and unexpected loss of security rights. It offers an extensive analysis of the academic literature of more recent years that has appeared in English, German, the Scandinavian languages and Finnish. The author organises the concrete means of promoting compatibility into a centralised substantive approach, a centralised conflicts-approach, a local conflicts-approach and a local substantive approach. The centralised approaches develop EU law, and the local approaches Member State laws. The substantive approaches unify or harmonise substantive law, while the conflicts approaches rely on private international law. The author proposes determining the optimal way to promote compatibility by objective-based division of labour between the four approaches. The objectives developed for that purpose are derived from the economic functions of security rights, the conditions for legal evolution and a transnational conception of justice. This book is an important contribution to the future of secured transactions law in Europe and more widely. It will be of interest to academics, policymakers and legal practitioners involved in this field.

Download or read book States of Credit written by David Stasavage and published by Princeton University Press. This book was released on 2011-07-05 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: States of Credit provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras. In this pioneering book, David Stasavage argues that unique advances in political representation allowed certain European states to gain early and advantageous access to credit, but the emergence of an active form of political representation itself depended on two underlying factors: compact geography and a strong mercantile presence. Stasavage shows that active representative assemblies were more likely to be sustained in geographically small polities. These assemblies, dominated by mercantile groups that lent to governments, were in turn more likely to preserve access to credit. Given these conditions, smaller European city-states, such as Genoa and Cologne, had an advantage over larger territorial states, including France and Castile, because mercantile elites structured political institutions in order to effectively monitor public credit. While creditor oversight of public funds became an asset for city-states in need of finance, Stasavage suggests that the long-run implications were more ambiguous. City-states with the best access to credit often had the most closed and oligarchic systems of representation, hindering their ability to accept new economic innovations. This eventually transformed certain city-states from economic dynamos into rentier republics. Exploring the links between representation and debt in medieval and early modern Europe, States of Credit contributes to broad debates about state formation and Europe's economic rise.

Download or read book Handbook of Public Credit in Europe written by Hans-Hermann Francke and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hans-Michael Heitmuller The financing of public funds has become a strongly competitive business. Within the EU, national boundaries for this sphere have been formally removed as well as important hindrances to the trade of goods and services. Deregulation and technological innovations have decreased the economic distance between the regions of the EU. With the transition to the Euro, a weighty step has been made in the direction towards a home market. It has become simpler and worthwhile for public borrowers to obtain comparative offers from over and beyond country borders. For the supplier, this field of business is marked by relatively low risks, a correspondingly modest personal capital requirement, but narrow margins as well. On the other hand, as well as language and social differences, there exist in actuality still many-sided market access thresholds on the basis of different institutional and instrumental framework data within the individual countries, especially inthe area of public funds. This will only change slightly in the foreseeable future. Reliable information about these special framework conditions is still in demand. It is an important factor of success in business politics.

Download or read book Credit Growth and Economic Recovery in Europe After the Global Financial Crisis written by Sergei Antoshin and published by International Monetary Fund. This book was released on 2017-11-17 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous recoveries, with the “double-dip” recessions in 2011–12 in many countries and the worldwide reach of the GFC explaining the underperformance. Bank lending has been subdued as well, but this appears to have only held back the recovery relatively moderately. A 10 percent increase in bank credit to the private sector is associated with a rise of 0.6–1 percent in real GDP and 2–21⁄2 percent in real private investment. These relationships have not changed significantly during and after the GFC. Loan quality, customer deposits, bank equity price index, and bank capital appear to be closely linked to bank lending. As expected, bank profitability is positively and significantly influenced by credit growth, but this relationship has weakened after the GFC.

Download or read book Output Collapse in Eastern Europe written by Mr.Guillermo Calvo and published by International Monetary Fund. This book was released on 1992-08-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real bank credit in Eastern European countries after their recent stabilization programs is shown to have fallen sharply, except in the case of Hungary. The meaning of the fall is discussed under the present value and liquidity perspectives. Moreover, it is shown that the hypothesis that output contraction may be partly due to credit contraction cannot be ruled out. The hypothesis is tested on a sample of 85 branches of industry in Poland. The rationale for expecting a connection between credit and output and policy options to attenuate the liquidity crunch in post-socialist economies is also subject to analysis.

Download or read book The Impact of the Mortgage Credit Directive in Europe written by Miriam Anderson and published by . This book was released on 2017 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has European Private Law responded to the property and mortgage markets crisis? And in what way is this reaction likely to model domestic systems? The financial and economic crisis that marked the beginning of the century has had a devastating effect on the property and mortgage markets in many Member States of the European Union. Despite this, the European legislator took its time to respond. This book analyzes the impact of the Mortgage Credit Directive (Directive 2014/17) in twelve different jurisdictions: Belgium, England, France, Germany, Greece, Ireland, Italy, Malta, The Netherlands, Poland, Portugal, and Spain. The reports show how in some instances only certain products (such as foreign currency loans) or practices (irresponsible lending, homeownership promoting policies, the use of unfair terms) were factors that triggered the property crash; in other cases; the system completely failed to address an exceptional situation; and, finally, how in some instances prudent lending explained why the market was virtually not hit at all. This book aims to find out whether the two goals of Directive 2014/17 (financial sector stability and enhanced consumer protection) can be achieved in light of its provisions and of the transposition carried out by the different Member States, and whether the changes it introduces have a significant impact in the jurisdictions considered here. Some systems are already showing signs of yet another property bubble. There is room for hope: perhaps we have learned from the past, perhaps the Directive is a step forward, but more importantly this book shows that we can learn from each other. [Subject: European Law, Private Law, Property Law]

Download or read book Monetary Transmission in Europe written by Jan Kakes and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work focuses on different aspects of the monetary transmission process, looking at both large and small economies in the EMU. The results offer useful evaluation tools with regard to monetary policy transmission in a European perspective.

Download or read book The Economics of Corporate Trade Credit in Europe written by Julia Koralun-Bereźnicka and published by Routledge. This book was released on 2021-12-30 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a research monograph addressed to a wide range of academics interested in corporate short-term capital. The study shows the role of trade credit in the functioning of economic entities. It constitutes a comprehensive source of knowledge about the role of trade credit in the development of enterprises, as well as the impact of this form of finance on the development of economies. Apart from an extensive review of the theoretical aspects of the role of trade credit in the economy, the study discusses the importance of factors influencing trade credit behaviour. Trade credit, despite its versatility, has not yet been fully described, particularly with regard to the specificity of domestic markets. This study aggregates and supplements the existing sources. The monograph is of an international character, as it covers a substantial group of European countries. Therefore, it is likely to have international appeal. The findings may be of interest to those involved in finance management. Understanding the differences in receivables management resulting from the country specificity can contribute to a better understanding of business finance and its operational functions. This knowledge may support the effective management of receivables and liabilities, especially in companies operating on the global market.

Download or read book Money Banking Credit in the soviet union eastern europe written by Adam Zwass and published by Routledge. This book was released on 2017-07-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 1979. Essential information for understanding a credit system that is different from that of the 'Capitalist' countires and which has envolved into an integral and essential part of 'soviet- type economies'. Dr Zwass has done a workman-like job in providing another valuable contribution to our knowledge of economies of eastern europe- George Garvy.

Download or read book Consumer Credit in Europe written by Maria Lissowska and published by Springer Nature. This book was released on 2021-11-24 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive outlook on the state and role of consumer credits in the European economy and households. It underlines the role of consumerism and digitalisation, in the framework of legislation. It covers two major turns in consumer credit evolution: the 2008 crisis and Covid pandemic. The first had socio-economic sources, the second one was an external event, but provoked important changes in consumer behaviour. Lockdowns deepened the preference for digital financial products. FinTech and BigData operators acquired broader opportunities with the development of distance services. These new financial services need adapted legislation. The recently published project of Consumer Credits Directive covers new means of communication, such as smartphones, and extends rules to new ways of crediting, like crowdfunding. Consumer credit availability changed the behaviour of households. The propensity of poorer households to save faded due to the ease of getting credit. However, financial insecurity during the Coronavirus pandemic made households limit credits and build precautionary savings.

Download or read book Credit Growth in Emerging Europe written by Sophie Sirtaine and published by . This book was released on 2016 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High credit growth in Emerging Europe, generally considered a sign of catching-up with the quot;oldquot; Europe, has begun receiving considerable attention among investors and policymakers alike. Given heightened global risks and the demands under the European Union accession process, the need to better understand this high credit growth's drivers, riskiness, and the possible macroeconomic and financial stability consequences is strong. The authors adopt a holistic approach in reviewing the rapid credit growth experienced in the region, examining macroeconomic, financial sector, corporate sector, and asset market consequences and possible vulnerabilities. They consider three possible scenarios - a catching-up with older European countries, a soft landing as experienced by Portugal in the early 2000s, and a hard landing as experienced by Asia in 1997.

Download or read book Financing in Europe written by Marcella Lorenzini and published by Springer. This book was released on 2018-02-19 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the evolution of credit and financing in Europe from the Middle Ages through to Modern Times. It engages with the distinct political, economic and institutional frameworks of the examined areas (England, Italy, France, Germany, Spain, the Netherlands and Turkey) and discusses how these affected the credit market. It covers a wide range of different types of lending and borrowing instruments, the destination of capital, the way it was raised, and the impact it had on local or national economies in a very long run. Presented in two parts, part one of the book focuses on credit markets in the preindustrial age, in particular the period before the advent of modern joint stock banks. Part two examines the evolution of credit at the time of the emergence of modern banks. This volume will be of interest to academics and researchers in the field of finance who are interested in the historic evolution of credit and the credit market.