place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how … governments can efficiently relieve ailing banks from toxic assets by transferring these assets into a publicly sponsored work … government. The risk to taxpayers from this investment would be acceptable, however, once the banks are freed from toxic assets …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership …

? Second, when a pension invests in the employer’s stock, how much is lost as a result of poor diversification? The empirical … results suggest that investments in employer stock are responsive to non-diversification costs, tax consequences, and employee …