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dc.contributor.authorBucker, J.
dc.contributor.authorFurrere, O.
dc.contributor.authorPoutsma, E.
dc.contributor.authorBuyens, Dirk
dc.date.accessioned2017-12-02T14:52:45Z
dc.date.available2017-12-02T14:52:45Z
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/20.500.12127/4961
dc.description.abstractIn the last two decades, the private sector has contracted a substantially larger share in the total amount of foreign-currency international debt (private sector share of external debt), especially in developing countries. In this paper, I empirically examine the effect of this phenomenon on bank loan prices. I find that the private sector share of external debt negatively and significantly impacts the price of bank loans. This result supports the hypothesis that private sector debt contributes to international financial stability to a greater degree than sovereign debt. Nevertheless, this impact is canceled out in the presence of fixed exchange regimes that are unsuitable with respect to fundamentals. In such circumstances, the private sector may take advantage of capital market distortions that are maintained by official authorities and thus exposes the country to further financial instability. Additional results corroborate the observation that the gain in financial stability stems from more efficient use of funds and reduced monitoring costs.
dc.language.isoen
dc.subjectPeople Management & Leadership
dc.titleThe impact of cultural intelligence on communication effectiveness, job satisfaction and anxiety for Chinese host country managers working for foreign multinationals
dc.identifier.journalInternational Journal of Human Resource Management
dc.source.volume25
dc.source.issue14
dc.source.beginpage2068
dc.source.endpage2087
vlerick.knowledgedomainPeople Management & Leadership
vlerick.supervisor
vlerick.typearticleArticle in academic journal
vlerick.vlerickdepartmentP&O
dc.identifier.vperid170112
dc.identifier.vperid35842
dc.identifier.vperid170114
dc.identifier.vperid170115
dc.identifier.vpubid5937


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