The present study aims at developing an aggregate financial stability index by using banking sector indices to assess financial stability and examine if the variable of credit-to-GDP gap corresponds to its long-term trend which represents the macro-prudential indicator has co-movement with the built financial stability index? To this end, monthly banking balance sheet data were collected from t...

there are two main reasons for studying investment in an economy. first, the combination of firms? investment demand and household?s saving supply determines how much of an economys? resoures is invested. second, investment is highly volatile; thus investment demand may be important in the short-run fluctuations. the present article examins the relationship and veracity of existence of banks pr...

We examine whether a firm’s debt maturity structure affects its credit quality. We find that firms with a larger proportion of their debt maturing within the year (short-term debt) are more likely to experience a severe fall in their credit quality in the following year, as measured by the severity of credit rating downgrades and the propensity to default. This effect is stronger for firms with...

This paper discusses liquidity regulation when short-term funding is the marginal funding source of credit growth but generates negative systemic risk externalities. It studies the relative merits of price versus quantity tools, showing that a second best solution may generally involve the use of both types of tools. When banks differ in their credit opportunities, a Pigovian tax on short-term ...

purpose: to compare the effects of short-tem and long-term systemic corticosteroids in the treatment of confirmed ocular toxoplasmosis. methods: this randomized comparative clinical trial was performed on 69 patients with confirmed active ocular toxoplasmosis with typical clinical manifestations. the subjects were randomly assigned to receive either 10 days (group a, 33 cases) or 4-6 weeks (gro...