LEADER 03127nam 2200601Ia 450 001 9910464017303321 005 20170815101934.0 010 $a1-4623-2752-4 010 $a1-4527-1980-2 010 $a1-4518-7257-7 010 $a9786612843259 010 $a1-282-84325-7 035 $a(CKB)3170000000055269 035 $a(EBL)1608302 035 $a(SSID)ssj0000940104 035 $a(PQKBManifestationID)11592416 035 $a(PQKBTitleCode)TC0000940104 035 $a(PQKBWorkID)10938246 035 $a(PQKB)10337771 035 $a(OCoLC)645513273 035 $a(MiAaPQ)EBC1608302 035 $a(EXLCZ)993170000000055269 100 $a20041202d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCredit risk spreads in local and foreign currencies$b[electronic resource] /$fprepared by Dan Galai and Zvi Wiener 210 $a[Washington D.C.] $cInternational Monetary Fund$d2009 215 $a1 online resource (22 p.) 225 1 $aIMF working paper ;$vWP/09/110 300 $aDescription based upon print version of record. 311 $a1-4519-1687-6 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. The Model; III. Numerical Examples and Illustrations; Tables; 1. The Euro-Denominated Debt Spread, Face Value, PD, and the Cost of Credit Risk as a Function of Correlations; IV. Credit Spreads and Modigliani and Miller Propositions; Figures; 1. Spreads on Foreign-Currency Bonds and Correlations; 2. Betas of Stocks and Foreign Currency Bonds for Various Correlations; 2. The Expected Return on Stock (yS) as a Function of the B/S Ratio; V. Implications and Conclusions; 3. The Expected Return on Stock yS as a Function of the B/S Ratio and Correlation Coefficient ? 327 $a4. FE as a Function of FAppendixes; I. Determination of the Face Value of Debt in the Foreign Currency; 5. FE as a Function of F; II. Firm Value, Exchange Rates, and Inflation; References 330 $aThe paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the return on the company's assets, even if the company is not an exporter. Prudential regulations should therefore differentiate among loans depending on the extent to which borrowers have ""natural hedges"" of their foreign currency exposures. 410 0$aIMF working paper ;$vWP/09/110. 606 $aCredit$xMathematical models 606 $aFinancial risk management 608 $aElectronic books. 615 0$aCredit$xMathematical models. 615 0$aFinancial risk management. 700 $aGalai$b Dan$0147260 701 $aWiener$b Zvi$0992875 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464017303321 996 $aCredit risk spreads in local and foreign currencies$92273595 997 $aUNINA LEADER 01706nam 2200433Ka 450 001 9910694819903321 005 20060505123311.0 035 $a(CKB)5470000002365514 035 $a(OCoLC)65197630 035 $a(EXLCZ)995470000002365514 100 $a20060324d1968 ua 0 101 0 $aeng 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aIQSY night airglow data$b[electronic resource] /$fby L.L. Smith, F.E. Roach, and J.M. McKennan ; prepared by Research Laboratories, ESSA 210 1$aAsheville, N.C., USA :$cU.S. Dept. of Commerce, Environmental Science Services Administration, Environmental Data Service,$d1968. 215 $a3 unnumbered pages $cdigital, PDF file 225 1 $aReport UAG ;$v1 300 $aTitle from title screen (viewed on Mar. 23, 2006). 300 $aAt head of title: World Data Center A, Upper Atmospheric Geophysics. 300 $a"July 1968." 606 $aAirglow$vStatistics 606 $aInternational Years of the Quiet Sun, 1964-1965$vStatistics 608 $aStatistics.$2lcgft 615 0$aAirglow 615 0$aInternational Years of the Quiet Sun, 1964-1965 700 $aSmith$b L. L$0836293 701 $aRoach$b F. E$g(Franklin Evans),$f1905-1993.$01382402 701 $aMcKennan$b J. M$01382403 712 02$aUnited States.$bEnvironmental Science Services Administration.$bResearch Laboratories. 712 02$aUnited States.$bEnvironmental Data Service. 712 02$aIGY World Data Center A: Upper Atmosphere Geophysics. 801 0$bGPO 801 1$bGPO 906 $aBOOK 912 $a9910694819903321 996 $aIQSY night airglow data$93425826 997 $aUNINA LEADER 01126nam0 22002771i 450 001 UON00277269 005 20231205103821.779 010 $a08-14-74220-3 100 $a20060522d1995 |0itac50 ba 101 $aeng 102 $aUS 105 $a|||| ||||| 200 1 $aEast German Dissidents and the revolution of 1989$eSocial Movement in a Leninist Regime$fChistian Joppke 210 $aNew York$cNew York University Press$d1995 215 $a277 p.$d22 cm. 606 $aGERMANIA$xStoria$x1989$3UONC060282$2FI 620 $aUS$dNew York$3UONL000050 676 $a943.108.7$cStoria della Repubblica Democratica Tedesca$v21 700 1$aJOPPKE$bChristian$3UONV162402$0691976 712 $aNew York University Press$3UONV247694$4650 801 $aIT$bSOL$c20240220$gRICA 899 $aSIBA - SISTEMA BIBLIOTECARIO DI ATENEO$2UONSI 912 $aUON00277269 950 $aSIBA - SISTEMA BIBLIOTECARIO DI ATENEO$dSI EO DUOMO XXII 0013 $eSI EO 38560 5 0013 996 $aEast German Dissidents and the revolution of 1989$91242700 997 $aUNIOR