Abdullah Mamun | North-South University of Bangladesh (original) (raw)
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Cooperative University,Thanlyin, Myanmar
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Papers by Abdullah Mamun
Does the quality of a lending bank influence the market reaction of downside information issued b... more Does the quality of a lending bank influence the market reaction of downside information issued by rating agencies? The answer is yes. It is found that the firms which are certified and monitored by the high quality banks are associated with less negative market reactions toward bank loan rating announcements of placement on CreditWatch with negative implication, and also announcements of downgrades. These results indicate that the high quality lending banks can sustain investors' confidence toward the borrowers when they have deteriorated news. This is due to investors' beliefs that high quality lending banks access inside information not available to outsiders.
SDRs were created by the International Monetary Fund (IMF) in 1969 to supplement the stock of off... more SDRs were created by the International Monetary Fund (IMF) in 1969 to supplement the stock of official reserves. The original intent of the program was to revitalize the dying Bretton Woods system by altering the composition of international reserves between the scarce quantity of monetary gold and the abundant stock of dollar liabilities. The initial allocation of SDR 9.3 billion, over the 1970-72 period, failed to achieve this objective. Not surprisingly, in 1971 the gold convertibility of the dollar was suspended. A second allocation of SDR 21.4 billion took place from 1979 tom 1981 in the wake of the second oil shock. Also this allocation failed to achieve the intended results of stabilizing the dollar-based IMS. After that, SDRs have played a marginal role as international reserve, in parallel with the declining importance of the IMF. The SDR has remained mainly a unit of account, defined in terms of fixed, but adjustable every five years, quantities of a few important national monies. At the moment, the basket includes the dollar, the euro, the yen and pound sterling.
Does the quality of a lending bank influence the market reaction of downside information issued b... more Does the quality of a lending bank influence the market reaction of downside information issued by rating agencies? The answer is yes. It is found that the firms which are certified and monitored by the high quality banks are associated with less negative market reactions toward bank loan rating announcements of placement on CreditWatch with negative implication, and also announcements of downgrades. These results indicate that the high quality lending banks can sustain investors' confidence toward the borrowers when they have deteriorated news. This is due to investors' beliefs that high quality lending banks access inside information not available to outsiders.
SDRs were created by the International Monetary Fund (IMF) in 1969 to supplement the stock of off... more SDRs were created by the International Monetary Fund (IMF) in 1969 to supplement the stock of official reserves. The original intent of the program was to revitalize the dying Bretton Woods system by altering the composition of international reserves between the scarce quantity of monetary gold and the abundant stock of dollar liabilities. The initial allocation of SDR 9.3 billion, over the 1970-72 period, failed to achieve this objective. Not surprisingly, in 1971 the gold convertibility of the dollar was suspended. A second allocation of SDR 21.4 billion took place from 1979 tom 1981 in the wake of the second oil shock. Also this allocation failed to achieve the intended results of stabilizing the dollar-based IMS. After that, SDRs have played a marginal role as international reserve, in parallel with the declining importance of the IMF. The SDR has remained mainly a unit of account, defined in terms of fixed, but adjustable every five years, quantities of a few important national monies. At the moment, the basket includes the dollar, the euro, the yen and pound sterling.