Negative Central Bank Rates and Venture Capital Markets

2021 ◽  
Author(s):  
Cristiano Bellavitis ◽  
Christian Fisch ◽  
Silvio Vismara
Keyword(s):  
Venture Capital ◽  
Central Bank ◽  
Capital Markets

Strategic exits in secondary venture capital markets

2020 ◽  
pp. 105999
Author(s):  
Guillaume Andrieu ◽  
Alexander Peter Groh
Keyword(s):  
Venture Capital ◽  
Capital Markets

scholarly journals Venture Capital Markets: A Cross Country Analysis

2016 ◽  
Vol 38 ◽  
pp. 213-218 ◽  
Author(s):  
Dilek Teker ◽  
Suat Teker ◽  
Özgür Teraman
Keyword(s):  
Venture Capital ◽  
Capital Markets ◽  
Country Analysis ◽  
Cross Country

RUFO expiration will not end Argentina debt lawsuits

2015 ◽  
Keyword(s):  
Central Bank ◽  
Capital Markets ◽  
International Capital ◽  
Content Type ◽  
International Capital Markets ◽  
Debt Markets ◽  
Growth Prospects ◽  
The Government ◽  
Severe Shortage

Significance Debt markets have failed to pressure Argentina to end the impasse with holdouts, with the government arguing that it could not offer them new terms without offering similar concessions to holders of restructured debt. With elections scheduled for October, the current government is likely to kick the problem to its successor, leaving Argentina facing continued litigation in US and UK courts. Impacts The Central Bank has effectively managed drawdowns of dollar reserves, helping the government to maintain its hard line against holdouts. While this policy persists, the country will remain locked out of international capital markets. The severe shortage of dollars will continue, and will continue to dampen growth prospects until resolved.

Recession increases risks to Russian leadership

2016 ◽  
Keyword(s):  
Central Bank ◽  
Capital Markets ◽  
Foreign Currency ◽  
State Intervention ◽  
Fourth Quarter ◽  
Growth Trajectory ◽  
Content Type ◽  
Russian Economy ◽  
Domestic Capital ◽  
High Inflation

Significance Recovery will be slower in 2017 than previously estimated, at 0.9% instead of 1.7%, the bank said. The low price of oil is the main burden on the flagging Russian economy. Moreover, high inflation due to the weak ruble will prevent the Central Bank of Russia (CBR) from lowering its benchmark rate from the current 11% before the fourth quarter of 2016. Impacts Protracted economic turmoil could translate into street protests, the first challenge Putin has faced since the 2011 election. State intervention in the economy will increase given the weakness of investor funding and domestic capital markets. Unless Western sanctions are lifted in 2016, a return to a growth trajectory is unlikely. Foreign currency reserves may run low by mid-2017 unless the economy recovers.

scholarly journals Public policy and the creation of active venture capital markets

2006 ◽  
Vol 90 (8-9) ◽  
pp. 1699-1723 ◽  
Author(s):  
Marco Da Rin ◽  
Giovanna Nicodano ◽  
Alessandro Sembenelli
Keyword(s):  
Public Policy ◽  
Venture Capital ◽  
Capital Markets ◽  
The Creation

In the current stream

2021 ◽  
pp. 309-345
Author(s):  
Michael Peneder ◽  
Andreas Resch
Keyword(s):  
Economic Theory ◽  
Venture Capital ◽  
Central Bank ◽  
Great Recession ◽  
Economic History ◽  
Financial Crises ◽  
The Great Recession ◽  
Hyman Minsky ◽  
Intellectual Environment

While the previous chapter highlighted the resurgence of Schumpeter’s concept of money in economic theory, this chapter focuses on three examples from recent economic history in which the interdependence of finance and innovation invokes a deliberate Schumpeterian interpretation. The first example is about the striking rise of modern venture capital in Schumpeter’s immediate geographical and intellectual environment during his years at Harvard, to which he contributed a consistent intellectual frame (also through his personal ties with people like David Rockefeller, Frank Taussig, or George Doriot). The second example addresses the recurrent instances of financial crises, in particular the Great Recession of 2008-09, and invokes a Schumpeterian interpretation mainly via the instability theorem of his student Hyman Minsky. Finally, we turn to the stream of innovations that relate to the increasing digitalisation of money ranging from cryptocoins to central bank digital currencies (CBDC).

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